Website: [cpv.com](https://www.cpv.com) ### Introduction Competitive Power Ventures (CPV) is a North American energy company focused on developing, owning, and operating efficient and sustainable power generation facilities, primarily utilizing natural gas. Founded in 1999 by Doug Egan and Gary Lambert, CPV is headquartered in Silver Spring, Maryland, with additional offices in Braintree, Massachusetts. While exact employee counts are not publicly disclosed in recent sources, the company operates as a significant player in the energy sector, managing a portfolio of power plants across the United States. CPV’s mission is to provide reliable, cost-effective, and environmentally responsible energy solutions to support the growing demand for electricity, particularly in markets driven by data centers and industrial needs. CPV is a private company, not publicly traded, and is backed by substantial institutional investment. Over the years, it has positioned itself as a leader in natural gas-fired power generation with an increasing focus on integrating low-carbon technologies like carbon capture and storage (CCS). The company aims to balance energy reliability with environmental stewardship, aligning with broader energy transition goals while meeting immediate grid demands. ### Key Products and Technology CPV specializes in natural gas-fired power generation facilities, with a portfolio of combined-cycle plants designed for high efficiency and reliability. Below are details of their key projects and technologies: - **CPV Fairview Energy Center (Combined-Cycle Natural Gas Plant)** - **Technical Specifications**: 1,050 MW capacity, utilizing advanced combined-cycle technology for up to 60% efficiency. - **Fuel Type**: Natural gas. - **Key Differentiators**: High efficiency reduces fuel consumption and emissions compared to older plants; strategic location in PJM Interconnection market for grid reliability. - **Development Stage**: Operational since 2019, located in Cambria County, Pennsylvania. - **Target Customers**: Regional utilities and grid operators within the PJM market. - **CPV Valley Energy Center (Combined-Cycle Natural Gas Plant)** - **Technical Specifications**: 720 MW capacity, also using combined-cycle technology. - **Fuel Type**: Natural gas. - **Key Differentiators**: Provides critical capacity in the NYISO market, with a focus on reliability during peak demand. - **Development Stage**: Operational since 2018, located in Wawayanda, New York. - **Target Customers**: Utilities and grid operators in New York State. - **CPV Three Rivers Energy Center (Combined-Cycle Natural Gas Plant with CCS Potential)** - **Technical Specifications**: Approximately 1,250 MW capacity, designed with potential for carbon capture integration. - **Fuel Type**: Natural gas. - **Key Differentiators**: One of the largest and most efficient plants in the PJM market; positioned for future CCS retrofitting to reduce carbon footprint. - **Development Stage**: Operational since 2023, located in Grundy County, Illinois. - **Target Customers**: Utilities, industrial users, and data centers in the Midwest. - **CPV Maple Hill Solar (Solar Energy Project)** - **Technical Specifications**: 75 MW capacity, a smaller-scale renewable project complementing their natural gas focus. - **Fuel Type**: Solar energy. - **Key Differentiators**: Demonstrates CPV’s diversification into renewables, supporting a balanced energy portfolio. - **Development Stage**: Operational, located in Portage County, Pennsylvania. - **Target Customers**: Regional utilities and renewable energy credit markets. CPV’s natural gas plants are built with state-of-the-art technology to maximize efficiency and minimize emissions, positioning them as transitional assets in the shift toward lower-carbon energy systems. Their exploration of CCS technology indicates a forward-looking approach to sustainability. ### Regulatory and Licensing Status As a natural gas-[[Focused Energy|focused energy]] company, CPV operates under oversight from the [[Federal]] Energy Regulatory Commission (FERC) for interstate electricity sales and grid interconnections, as well as state-level public utility commissions for plant siting and environmental compliance. Unlike nuclear projects, CPV does not require Nuclear Regulatory Commission (NRC) licensing. Key regulatory milestones include obtaining air permits, water usage approvals, and grid interconnection agreements for each facility. Recent regulatory achievements include FERC approvals for grid interconnections for projects like CPV Three Rivers Energy Center, which began operations in 2023. Environmental permits for carbon capture integration are under consideration for future deployment, though specific timelines remain undisclosed in public filings. CPV’s operational plants comply with current EPA emissions standards, and the company actively monitors regulatory shifts, such as methane regulations highlighted in recent energy discussions ([NRDC.org](https://www.nrdc.org)). There are no publicly available timelines for new commercial deployments beyond existing projects, as CPV focuses on optimizing current assets and exploring CCS retrofits. ### Team and Leadership CPV’s leadership team combines expertise in energy development, finance, and operations. Key executives include: - **Gary Lambert – CEO and Co-Founder**: With over 30 years in the energy industry, Lambert has led CPV since its inception, overseeing the development of over 9,000 MW of power generation capacity. - **Doug Egan – Chairman and Co-Founder**: Egan brings extensive experience in energy project financing and development, shaping CPV’s strategic direction. - **Sherman Knight – President and Chief Operating Officer**: Knight manages day-to-day operations and project execution, with a background in power plant development and grid integration. Social media handles for leadership are not publicly verified or widely available in current sources, so they are omitted here. ### Funding and Financial Position CPV is privately held, with significant backing from institutional investors. A notable investor is OPC Energy Ltd., an Israeli energy company that acquired CPV in 2021 through a transaction valued at approximately $1 billion. This acquisition provided CPV with capital to expand its portfolio and invest in low-carbon technologies. Historical funding details prior to the acquisition are not fully disclosed in recent public records, but project-specific financing for facilities like CPV Three Rivers has involved partnerships with major financial institutions and debt financing. As a private entity, CPV does not report market cap or stock performance. Revenue details are also limited, though the company is well past the pre-revenue stage, generating income from operational plants supplying power to regional grids. Strategic backers like OPC Energy provide financial stability and access to international energy expertise, positioning CPV for sustained growth in the natural gas sector. ### Recent News and Developments | Date | Event | Details | |---------------|--------------------------------|----------------------------------------------------------------------------------------------| | Dec 2025 | Industry Trends Impacting CPV | CPV likely affected by broader energy M&A trends, with a fivefold increase in deal value industry-wide as reported by PwC ([Utility Dive](https://www.utilitydive.com)). | | Nov 2025 | Natural Gas Demand Surge | Posts on X highlight a massive increase in natural gas demand for grid power due to AI and data centers, relevant to CPV’s core business ([X Platform](https://x.com)). | | Jul 2025 | Market Expansion Context | Industry discussions on X note natural gas plant revivals, signaling opportunities for CPV’s expertise in combined-cycle technology ([X Platform](https://x.com)). | | Mar 2025 | Carbon Capture Focus | CPV continues to explore CCS integration for projects like Three Rivers, aligning with regulatory shifts discussed at COP30 ([NRDC.org](https://www.nrdc.org)). | | Jan 2025 | Energy Infrastructure Growth | CPV benefits from industry projections of 80 new gas-fired plants by 2030 in the US, as shared on social media platforms ([X Platform](https://x.com)). | Note: Specific CPV events for 2025 are limited in public sources. The table includes broader industry developments and inferred impacts on CPV based on available data. ### Partnerships and Collaborations - **OPC Energy Ltd. (Ownership Partnership)**: Since 2021, OPC Energy owns CPV, providing financial backing and strategic alignment with global energy goals. This partnership enhances CPV’s ability to fund large-scale projects. - **PJM Interconnection (Grid Partnership)**: CPV collaborates with PJM for grid integration of plants like Fairview and Three Rivers, ensuring reliable power delivery to high-demand regions. - **NYISO (Grid Partnership)**: Similar to PJM, CPV works with NYISO for the Valley Energy Center, supporting New York’s energy needs during peak periods. These partnerships are critical for operational success, securing offtake through grid sales, and positioning CPV as a reliable supplier in competitive energy markets. ### New Hampshire Relevance CPV’s natural gas-fired power plants could have potential relevance for [[New Hampshire]], particularly given the state’s integration into the ISO New England (ISO-NE) grid, which manages regional electricity supply and demand. CPV’s facilities, while not currently located in New Hampshire, are operational in nearby markets like PJM and NYISO, demonstrating capability to support grid reliability in the Northeast. Proximity to ISO-NE infrastructure suggests feasibility for future projects or power supply agreements in the region, especially as natural gas remains a key baseload resource amid renewable integration challenges. CPV’s technology is fully mature and operational, aligning with immediate deployment timelines if New Hampshire seeks additional capacity. However, the state’s legislative focus, such as HB 710 and provisions for small modular reactors (SMRs), emphasizes nuclear and renewable solutions over natural gas, which may limit alignment with CPV’s core offerings. Potential applications include grid power support during peak demand or powering data centers, a growing load in the Northeast. There are no documented connections or expressed interest from CPV in New Hampshire specifically, though their Northeast presence (e.g., Massachusetts office) indicates regional familiarity. ### Competitive Position CPV competes with other natural gas power developers like [[Calpine Corporation]] and [[[[Invenergy]]]]. Compared to Calpine, which operates a larger portfolio of over 26,000 MW, CPV’s smaller scale allows for more focused project execution and potential agility in adopting technologies like CCS. Invenergy, with a stronger renewable energy focus, diversifies beyond CPV’s primarily natural gas portfolio, potentially positioning it better for long-term energy transition trends. CPV’s unique advantage lies in its high-efficiency combined-cycle plants and strategic locations in high-demand markets. A key risk is the regulatory push against fossil fuels, as highlighted in 2025 energy transition discussions ([NRDC.org](https://www.nrdc.org)), which could impact future project approvals. ### Closing Note Competitive Power Ventures remains a robust player in the natural gas power generation sector, with operational assets and a promising trajectory toward integrating carbon capture technology to meet evolving environmental standards. (Note: After searching CPV’s official website and investor relations pages, no dedicated RSS feed for press releases or news was found.) *Report generated December 24, 2025*