NRG Energy to acquire 18 natural gas power plants in $12 billion deal to serve data centers and others

Claire Hao | Source: Houston Chronicle | Posted 05/13/2025

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NRG Energy plans to double its power generation capacity by acquiring 18 natural gas power plants from LS Power in a deal valued at $12 billion, the companies announced Monday.

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NRG Energy has announced a significant acquisition of 18 natural gas power plants from LS Power for $12 billion, aiming to double its power generation capacity. This strategic move positions NRG to better serve the growing electricity demands of data centers and other high-consumption facilities, particularly as the demand for power is expected to surge due to advancements in artificial intelligence technologies. The plants, totaling 13 gigawatts of capacity, are spread across nine states and will enhance NRG's presence in Texas and the Northeast.

NRG's acquisition reflects a broader trend among energy companies to secure reliable power sources for data centers, which operate continuously and increasingly rely on gas-fired plants despite the environmental concerns associated with fossil fuels. The deal has been positively received by Wall Street, with NRG's stock rising significantly following the announcement. Additionally, NRG plans to acquire CPower, a program that optimizes electricity demand from commercial customers, further solidifying its position in the energy market as it prepares for future growth.

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NRG Energy to acquire 18 natural gas power plants in $12 billion deal to serve data centers and others

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