LS Power has acquired ENGIE Services U.S. and rebranded the business to its previous name, Opterra Energy Services.
Opterra has more than 50 years of operational experience, providing energy solutions including energy efficiency upgrades, renewable energy systems, energy storage, microgrids, operations and maintenance, HVAC and lighting. Opterra has completed more than 9,000 public sector projects across North America.
“Meeting America’s growing energy demand will require a ‘more-of-everything’ approach, and the energy services market is an integral piece of that puzzle,” said LS Power CEO Paul Segal. “The addition of Opterra brings a rare combination of leadership talent, technical expertise and trusted customer relationships that enhance LS Power’s energy solutions platform. Their cutting-edge capabilities in energy efficiency services and low-carbon offerings are a strategic fit as we continue to expand our portfolio of power and infrastructure solutions.”
Opterra joins LS Power’s existing portfolio of energy infrastructure companies that provide energy efficiency and grid reliability services.
“Reintroducing Opterra under LS Power marks an exciting new chapter for our legacy team dedicated to serving the public sector,” said Courtney Jenkins, CEO of Opterra Energy Services. “We’re building on a proven foundation to deliver innovative, leading-edge technology solutions that make energy efficiency and low carbon projects accessible and impactful. Through our unique range of in-house experts, we empower our customers to meet aggressive goals around financial savings and energy resiliency that have a positive ripple effect across the communities we serve, fueling accelerated growth for both our customers and our mission.”
Opterra is headquartered in Oakland, California, and employs nearly 300 professionals. Its services and solutions have helped customers ranging from municipalities, K-12 education, special districts and state and federal agency partners achieve over $3 billion in guaranteed energy cost savings to date.
News item from LS Power
