LS Power Submits Proposal to Add New Generation Supply Across PJM
Proposal adds more than 700 MW of capacity across Pennsylvania,
"With surging demand across the region, LS Power is answering the call for more dispatchable generation to support reliability and resource adequacy, and at a cost less than greenfield new build," said
PJM initiated the RRI process due to the increasing urgency to connect new generating resources in the near term. The proliferation of high-demand data centers and electrification has resulted in significant forecasted load growth for the foreseeable future, necessitating the need for additional new supply.
LS Power's proposed projects can be online faster than larger, greenfield projects, helping to meet the urgency of the reliability imperative.
LS Power's proposals include converting two peaking facilities, in
The two conversion projects, one at the Troy facility in
The total investment value of LS Power's proposed RRI capacity additions is more than
PJM has announced it will select up to 50 projects from all types of resources as part of the RRI process. The proposals will be scored based on "market impact criteria," which includes their contribution to reliability and the viability of their commercial operation dates.
"Our proposed capacity projects are well positioned to meet the requirements of PJM's RRI and help ensure electric reliability," Hanson said.
About LS Power
Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid has built 780+ miles of high-voltage transmission with multiple grid infrastructure projects totaling 350+ miles currently under construction or development. LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than
Media Contact:
Prosek Partners for LS Power
[email protected]
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SOURCE LS Power
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