Calpine Analysis
What is Calpine?
Largest U.S. generator of natural gas and geothermal power
Employees
1001-5000
Founded
1984
Industry
Utilities
Market Share
5%
Product Features & Capabilities
- 79 energy facilities
- 27,000 MW generation capacity
- 725 MW geothermal baseload energy at The Geysers
- 5,948 MW cogeneration portfolio
- carbon capture and sequestration technologies
Other Considerations
Generates 27,000 MW of electricity; Operates 79 facilities; 40+ years of operation; 2.4M in community outreach in 2023; Partners with CyrusOne and Constellation
Sustainability Initiatives
- Renewable Energy Production - Calpine is one of the largest producers of renewable energy in the U.S., with significant contributions from geothermal energy, particularly from The Geysers, which generates approximately 725 megawatts of renewable baseload geothermal energy.
- Carbon Capture and Sequestration (CCS) - The company is actively developing carbon capture and sequestration technologies to help reduce greenhouse gas emissions and advance climate goals.
- Community Engagement - In 2023, Calpine contributed over $2.4 million to support local communities through various outreach and charitable initiatives.
- Environmental Management - Calpine implements strong air quality management practices to maintain regulatory compliance and manage costs effectively.
- Sustainability Reporting - The company publishes sustainability reports that highlight its performance and initiatives through an environmental, social, and governance (ESG) lens.
Recent News
Calpine Corporation is currently in the spotlight due to a significant acquisition deal with Constellation Energy. Constellation is in advanced talks to acquire Calpine for approximately $30 billion, which would include absorbing about $12 billion in Calpine's debt. This acquisition is poised to create one of the largest power producers in the U.S., focusing on clean and reliable energy to meet growing demand. The deal is expected to be finalized soon, marking a major development in the energy sector.
Competitors
- NRG Energy Inc - A leading integrated power company in the United States, NRG Energy has a diverse portfolio of power generation assets and focuses on renewable energy sources. It has approximately 15,637 employees and reported a revenue of $28.1 billion.
- DTE Energy Co - Based in the United States, DTE Energy operates in various segments of the energy sector, including electric and natural gas utility services. It employs around 9,500 people and has a revenue of $12.5 billion.
- CenterPoint Energy Inc
- CMS Energy Corp - CMS Energy is involved in the generation and distribution of electricity and natural gas. It has approximately 8,324 employees and reported a revenue of $7.5 billion.
- ConocoPhillips - A major player in the oil and gas sector, ConocoPhillips is headquartered in Houston, TX, and has a revenue of $81.1 billion, employing around 10,400 people.
- Sempra Energy - Based in San Diego, CA, Sempra Energy focuses on energy services and has a revenue of $14.4 billion with approximately 20,000 employees.
- Devon Energy - Located in Oklahoma City, OK, Devon Energy specializes in oil and natural gas exploration and production, with a revenue of $19.2 billion and about 1,400 employees.
- Exelon Corporation - A major energy provider with a strong presence in power generation and distribution, Exelon operates in various energy sectors, including nuclear and renewable energy, employing around 33,383 people and generating $19.1 billion in revenue.
- Duke Energy - Headquartered in Charlotte, NC, Duke Energy is one of the largest electric power holding companies in the United States, with a revenue of $28.8 billion and approximately 27,535 employees.
- NextEra Energy - A leading clean energy company, NextEra Energy focuses on renewable energy and power generation, posing a competitive threat to Calpine's geothermal and natural gas-based generation.
HQ Full Address
Calpine Corporation is headquartered at 717 Texas Avenue, Suite 1000, Houston, TX 77002, United States.
