Eagle Creek Renewable Energy

Founded in 2010, Eagle Creek Renewable Energy operates as a key player in the U.S. hydroelectric power sector. The company's business strategy is centered on acquiring, enhancing, and operating small-scale hydroelectric power facilities. Eagle Creek's portfolio generates enough electricity to power over 260,000 homes annually. The company's inception was driven by initial investor Hudson Clean Energy Partners, with the first acquisition being the Mongaup River Hydroelectric System in New York. Bud Cherry was the founding CEO, credited with shaping the company into a leading industry franchise.

A significant milestone in the company's history was its acquisition by Ontario Power Generation (OPG) in November 2018 for approximately $298 million. Following this, in October 2019, OPG also acquired Cube Hydro Partners, which was then merged with Eagle Creek, consolidating operations under the Eagle Creek name. This strategic consolidation expanded Eagle Creek's operational footprint and capabilities. Today, Eagle Creek operates as a wholly-owned, independent subsidiary of OPG, maintaining its own board and management team.

The company's business model revolves around selling the electricity generated from its facilities into various power pools. Eagle Creek serves electricity consumers across North America. The company has demonstrated a consistent growth-through-acquisition strategy, frequently purchasing and rehabilitating underperforming or non-operating facilities to boost their power production and reliability. For instance, the company acquired North American Hydro in 2012 and Verso Androscoggin Power LLC in 2016. Eagle Creek owns and operates 85 hydroelectric facilities across the United States, representing 690 megawatts of capacity. The company's assets are geographically diversified across states including California, Illinois, Maine, Massachusetts, Michigan, Minnesota, New Hampshire, and New York. Beyond its core hydroelectric operations, Eagle Creek also holds ownership interests in other hydroelectric facilities and a solar facility in New England.

Keywords: hydroelectric power, renewable energy, power generation, clean energy, hydropower facilities, electricity producer, asset acquisition, dam safety, energy infrastructure, North American energy, Ontario Power Generation, environmental stewardship, utility operations, power portfolio management, renewable asset management, wholesale electricity, clean power production, run-of-river hydro, energy sector, sustainable energy