By Editors of Power Engineering
Calpine Corporation has closed its acquisition of Noble Americas Energy Solutions, the nation’s largest independent supplier of power to commercial and industrial retail customers.
The purchase price was $800 million, plus working capital.
Though Noble Americas Energy Solutions will change its name to Calpine Energy Solutions LLC, it will remain in San Diego under the leadership of Jim Wood, president of the division.
Noble Solutions currently serves commercial and industrial customers in 18 states nationwide, including California, Texas, the Mid-Atlantic and the Northeastern United States, where Calpine’s wholesale power generation fleet is primarily concentrated.
“Noble Solutions has built an impressive retail platform serving sophisticated commercial and industrial customers, and we are excited to welcome their talented professionals into the Calpine family,” said Trey Griggs, Calpine’s executive vice president and chief commercial officer. “The Noble Solutions team’s delivery of customized product offerings effectively manages customers’ complex energy needs.