The 810 MW combined cycle gas-fired power generation facility is located in PJM Interconnection territory. The transaction is expected to close in Q2 2024, LS Power said.

Optimizing Plant Performance is an educational track at the POWERGEN International® exhibition and summit, which serves as an education, business and networking hub for electricity generators, utilities, and solution providers engaged in power generation. Join us from January 23-25, 2024, in New Orleans, Louisiana!

LS Power operates a more than 16,000 MW gas generation fleet that is meant to complement its multiple energy transition platforms focused on wind, hydro and solar power, as well as battery energy storage, demand response, microgrids, renewable fuels, electric transportation, and transmission infrastructure.

“In order to decarbonize the electric grid in a reliable, affordable, and responsible manner, we will need to continue utilizing efficient, flexible gas-fired generation, for which our fleet is well positioned to help accelerate the clean energy transition by managing the intermittency of renewables,” said Paul Segal, LS Power CEO. “This is particularly critical at a time when demand for electricity is growing at the fastest rate in decades – driven by electrification, the proliferation of data centers and a manufacturing renaissance, amidst a background of coal plants retiring and renewables coming online only gradually.”

LS Power’s gas generation fleet spans 12 states and consists primarily of peaking plants along with combined cycle facilities.

LS Power also manages a growing family of energy transition platforms, including:

• REV Renewables, a provider of renewable generation and energy storage
• EVgo, a fast-charging network for electric vehicles, powered by renewable energy
• CPower Energy Management, a national distributed energy resource monetization and virtual power plant provider  
• Rise Light & Power, New York City’s largest generator, and a developer of clean energy infrastructure
• Primary Renewable Fuels, a renewable natural gas development and operating platform
• Endurant Energy, a microgrid developer and provider of distributed energy infrastructure solutions
• LS Power Transmission, a private transmission owner and developer, with 780+ miles of high-voltage transmission lines operating, and 350+ miles and multiple substations under development or construction

The industrial site in Long Island City, Queens, is planned to integrate offshore wind and upstate wind and solar into New York City’s electric grid.

The site redevelopment plan envisions multiple parts: offshore wind, upstate renewables, thermal energy by repurposing Ravenswood’s river water intake system to provide zero-emission thermal energy, and large-scale battery energy storage. The plant is currently fired primarily by No. 6 fuel oil and natural gas.

Ravenswood was originally built in 1963 and was owned by Consolidated Edison of New York. The first two units were Ravenswood 10 and 20, each with a generating capacity of around 385 MW. 

In 1965, Ravenswood 30 was commissioned with a generating capacity of nearly 981 MW. In the 1970s, multiple combustion turbine units were installed in simple cycle configuration to meet peak power demands. 

As deregulation moved through New York State, Con Edison was required to sell all of its in-city generating stations iincluding Ravenswood. In 1999, Con Edison transferred ownership to KeySpan Energy for around $600 million. In 2004, KeySpan built Ravenswood 40 a combined cycle unit with generating capacity of 250 MW.

National Grid plc acquired KeySpan in 2007 and was required to sell Ravenswood in a bid to ensure market competition . In August 2008, Ravenswood was sold by National Grid to TransCanada Corp. for $2.9 billion. Ravenswood later was sold to LS Power/Helix Energy Solutions Group.

Plans were announced in 2019 for a 316 MW battery storage system to be built at Ravenswood. 

Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. Additionally, it has developed over 660 miles of high voltage transmission