Business

LS Power selects PIC Group to provide O&M services for Patriot Hydro portfolio

LS Power selects PIC Group to provide O&M services for Patriot Hydro portfolio
(Hull Street Energy to sell hydroelectric generation company.)

PIC Group has been awarded the operation and maintenance (O&M) agreement for the Patriot Hydro portfolio by owner LS Power.

Under the terms of the agreement, PIC Group will have transitional and operational services responsibility to include full care, custody and control overseeing day-to-day O&M services for the Patriot Hydro portfolio through 2025.

The Patriot Hydro portfolio is comprised of a fleet of 42 hydroelectric power assets across 11 states. The portfolio is primarily concentrated in the markets of ISO-NE (152 MW), PJM (86 MW) and NYISO (48 MW), with the remaining facilities located in CAISO, SERC and WECC.

“PIC Group’s proven track record in successfully managing complex programs and larger portfolios of assets uniquely positions them to support the transition, operate and maintain the Patriot Hydroelectric fleet. We look forward to working with PIC Group with their professional, customer centric approach to operations and maintenance,” said Anthony Hammond, senior vice president, head of asset management at LS Power.

PIC Group provides O&M services, commissioning and startup, documentation and training, and staffing services for the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries in North America, South America, Asia and Africa. PIC Group is a wholly owned subsidiary of Marubeni Corporation in Japan.

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. The company has developed, constructed, managed or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which ~17,000 MW are operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives.