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LS Power Launches Rev Renewables
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LS Power today announced the formation of Rev Renewables, LLC ("Rev"), which will be engaged in the development, acquisition and operation of energy storage and renewable projects.
Rev brings together the storage and renewable assets of parent company LS Power along with a team of industry professionals, "to create a differentiated clean energy growth platform."
With a 2.4 GW portfolio of operating storage, solar, and wind projects on day one, Rev said that it, "launches as one of the largest independent pure-play energy storage and renewables companies in the U.S. today."
Ed Sondey serves as the Chief Executive Officer of Rev Renewables. Prior to Rev, Sondey served as Senior Managing Director of Private Equity at LS Power. Previously, Sondey was a Managing Director in BofA Merrill Lynch’s Global Energy and Power Investment Banking Group. Prior to BofA Merrill Lynch, Sondey was Vice President of Finance for PSEG Power
Additional members of Rev's leadership team are:
Kathryn Wilson - SVP, General Counsel
Chris Shugart - SVP, Construction & Operations
Sandeep Arora - SVP, Transmission & Markets
Eric Crawford - SVP, Development - East
Andrew Dera - SVP, Engineering & Construction
Cody Hill - SVP, Battery Systems
Kevin Johnson - SVP, Development - West
David Sass - SVP, Assistant General Counsel
Mark Strength - SVP, Origination
Rev's portfolio includes a California-based battery storage portfolio (615 MW by the end of 2022) that includes Gateway, the world's largest battery at 250 MW when it was energized in 2020; the largest non-utility pumped storage hydro portfolio in the mid-Atlantic region of PJM (1,620 MW); wind assets (132 MW); and a portfolio of 25 solar power facilities spanning 14 states (467 MWdc/365MWac).
Rev said that it also has a development pipeline of projects underway across the country.
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August 11, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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