Atlantic Power Corporation Analysis
What is Atlantic Power Corporation?
Atlantic Power Corporation is a leading power generation and infrastructure company that operates a diversified portfolio of energy assets in the United States and Canada. The company focuses on the development, operation, and management of power generation facilities, primarily utilizing renewable and conventional energy sources. Its activities include the generation of electricity and the provision of related services, contributing to the energy sector's growth and sustainability.
Employees
201-500
Founded
2004
Industry
Renewable Energy
Industry Type
Renewable Energy
Year Established
2004
Product Features & Capabilities
- Power generation assets across the US and Canada
- Infrastructure services related to energy production
Use Cases
Providing energy solutions to residential and commercial customers; Supporting renewable energy initiatives; Operating power plants for efficient energy production; Engaging in infrastructure development for energy projects; Collaborating with local governments for energy needs
Headquarters Location
The headquarters location of Atlantic Power Corporation is 3 Allied Drive, Suite 303, Dedham, MA 02026, United States.
Sustainability Initiatives
Atlantic Power Corporation engages in several sustainability initiatives aimed at reducing the environmental impact of their operations. They focus on optimizing their plants to minimize emissions and enhance efficiency. Their Environmental, Health, and Safety (EHS) practices ensure that stakeholders understand and comply with environmental standards. Specific initiatives include efforts to reduce greenhouse gas emissions and improve energy efficiency across their portfolio of power generation assets.
Key Products/Services
Atlantic Power Corporation primarily offers power generation services through a diverse portfolio of assets, including hydroelectric, natural gas, biomass, and coal-fired power plants. The company operates non-utility electric generating facilities and sells electricity to utilities and large commercial customers under long-term power purchase agreements.
Competitors
The main competitors of Atlantic Power Corporation in the energy sector include:
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M. J. Electric: An electrical contractor providing construction management solutions, founded in 1959. It operates as a subsidiary and is involved in energy services.
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Saber Power Services: A specialty engineering, procurement, construction, testing, and commissioning company, established in 2010.
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ComEd (Commonwealth Edison Company): A significant provider of electric services, operating as a subsidiary in the energy sector.
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Anhui Province Energy: A publicly traded electricity distribution company based in China, founded in 1993.
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LS Power: A private company focused on the development and operation of power generation facilities.
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Cogentrix Energy: Engages in the development and management of energy projects, with a focus on renewable and traditional energy sources.
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Cinergy: Operates in the energy sector, providing electricity and related services.
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Fortistar: Focuses on energy generation and management, with a portfolio of power plants.
Recent News
Recent developments related to Atlantic Power Corporation include its acquisition by Hull Street Energy, which occurred on October 26, 2023. This acquisition marks a significant change in ownership for the company, which was previously acquired by I Squared Capital in 2021. Additionally, Atlantic Power has executed new agreements for its Oxnard facility, which will satisfy load obligations for 2022 and 2023. These agreements are part of the company's ongoing efforts to manage its energy generation portfolio effectively.
Other Considerations
Acquired by I Squared Capital in 2021; Operates a diversified portfolio of energy assets; Engages in environmental health and safety practices
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