#United States #Oakland #LS Power #ENGIE Services #OPTERRA Energy

LS Power Acquires ENGIE Services U.S. and Revives OPTERRA Energy Services

Introduction
In a strategic move that strengthens its foothold in the energy sector, LS Power has officially acquired ENGIE Services U.S. This transaction has led to the rebranding of ENGIE Services back to its historic name, OPTERRA Energy Services. With over 50 years of experience, OPTERRA aims to expand its offerings in energy efficiency and renewable energy solutions.

Background of OPTERRA
Founded in 1974, OPTERRA has a rich legacy and a proven track record with over 9,000 energy projects completed across North America. The company specializes in tailored energy solutions that include energy efficiency upgrades, renewable energy systems, energy storage solutions, microgrids, HVAC and lighting services, as well as measurement and verification capabilities. This wealth of experience positions OPTERRA uniquely to address the growing energy demands.

Recent Achievements
Recent projects executed by OPTERRA illustrate its robust capability in the energy sector. Noteworthy initiatives include the modernization of streetlights for the District of Columbia, where 72,000 fixtures were upgraded for better efficiency. Additionally, the Chula Vista Elementary School District benefited from 8.1 MW of solar energy across its facilities, alongside a microgrid designed for emergency backup purposes. These projects have not only improved operational efficiency but also resulted in significant financial savings for the municipalities involved.

Moreover, OPTERRA's community-focused programs have led to substantial energy cost savings. For instance, the City of Milpitas launched an integrated energy and water savings program, projected to save over $30 million, reflecting the direct impact of energy efficiency initiatives on local budgets.

The Vision under LS Power
According to LS Power CEO Paul Segal, integrating OPTERRA into its portfolio represents a strategic enhancement of LS Power's capabilities in energy solutions. The acquisition is poised to enrich LS Power's already robust inventory of resources, which caters to the evolving needs for reliable, cost-effective energy solutions. The company is focused on a diversified approach that combines renewable energy initiatives with efficiency upgrades to provide comprehensive, sustainable solutions.

“Meeting America’s growing energy demand will require a ‘more-of-everything’ approach,” Segal asserts, highlighting the importance of a multi-faceted strategy in the energy services market. By integrating OPTERRA's expertise, LS Power aims to broaden its offerings in the energy sector, addressing both infrastructure needs and innovative energy solutions to meet customer demands effectively.

Future Endeavors
With OPTERRA under its wing, LS Power is set to reinforce its agenda to lead in energy efficiency and low-carbon offerings. Courtney Jenkins, CEO of OPTERRA Energy Services, expressed excitement about this new chapter, emphasizing their commitment to public sector services. By leveraging state-of-the-art technology and innovative solutions, OPTERRA seeks to enable municipalities and educational institutions to achieve ambitious goals related to energy resilience and financial savings.

As part of LS Power’s expansion, OPTERRA is positioned to play a crucial role in scaling up energy efficiency projects. The focus on low-carbon and sustainable solutions aligns with national priorities for enhancing the energy supply while supporting environmental goals.

Conclusion
The acquisition signifies more than just a change in ownership; it reintroduces a trusted brand back into the marketplace with an emphasis on enhancing energy efficiency and sustainability. With OPTERRA now part of LS Power, customers can expect advanced solutions backed by deep expertise aimed at not only meeting but exceeding the growing energy demands of the future. As LS Power continues to innovate in the energy sector, the focus will remain on delivering smart, customer-centric services that benefit both the communities and stakeholders involved.

For detailed information on services and projects, visit www.opterraenergy.com and www.LSPower.com.