ENIC
2nd
Enel Chile
$293.96Bn
4.25
-1.16%
+10.10%
The company maintains a diversified generation portfolio including hydroelectric, wind, solar, and geothermal facilities, selling output to distribution companies and large industrial users. This renewable-heavy fleet is a material part of its generation segment, which contributed $3,283 million in revenue.
EQNR
2nd
Equinor Asa
$105.71Bn
42.28
+0.24%
+70.76%
The company develops and operates offshore wind farms and other renewable energy projects, selling electricity under power purchase agreements or government-subsidized schemes.
ENB
2nd
Enbridge
$102.52Bn
46.94
+0.45%
-5.59%
Enbridge owns and operates utility-scale wind, solar, and geothermal power generation facilities, selling the resulting electricity under long-term power purchase agreements.
SBS
2nd
Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp
$87.84Bn
5.14
-0.58%
+5.11%
Sabesp operates energy generation facilities, specifically including hydroelectric and solar projects, to generate power.
SU
2nd
Suncor Energy
$82.08Bn
68.77
+0.79%
+63.86%
The company operates an electricity generation business using cogeneration facilities and renewable projects to sell power to the Alberta provincial grid and industrial consumers.
DUK
2nd
Duke Energy
$79.81Bn
113.36
+0.00%
-7.69%
The company maintains a diverse generation portfolio that includes hydroelectric and solar resources as part of its power delivery infrastructure.
TRP
2nd
Tc Energy
$61.09Bn
58.69
-0.14%
+9.78%
The company operates a material power generation business that includes nuclear power plants, selling electricity under long-term contracts or market-based pricing.
AEP
2nd
American Electric Power
$58.12Bn
118.20
-0.13%
+7.67%
The Generation & Marketing segment operates a competitive retail supply business (AEP Energy) and a wholesale energy trading and marketing business that sells electricity and natural gas in deregulated markets.
D
2nd
Dominion Energy
$53.03Bn
60.26
-0.71%
-1.08%
The company operates the Millstone nuclear power station as part of its nonregulated Contracted Energy segment, selling power under long-term contracts.
VST
Vistra
$46.38Bn
138.05
-0.31%
-30.26%
Vistra is an integrated retail electricity and power generation company that sells electricity and natural gas to approximately 5 million customers and into wholesale markets. It operates as a competitive provider in deregulated markets like ERCOT, PJM, and CAISO, earning revenue from retail supply margins and wholesale energy sales rather than regulated tariffs.
XEL
2nd
Xcel Energy
$43.33Bn
69.39
-0.59%
-13.32%
Xcel Energy maintains a diversified generation portfolio including wind, solar, hydro, and biomass, and has committed to delivering zero carbon electricity by 2050.
FER
2nd
Ferrovial
$40.19Bn
55.77
-0.11%
-2.62%
The Energy segment develops and operates utility-scale renewable electricity generation, specifically solar photovoltaic plants in Texas, Spain, and Poland, selling power via PPAs and wholesale markets.
SRE
2nd
Sempra
$36.90Bn
76.89
-1.35%
-14.28%
The company engages in renewable power generation, specifically citing the Cimarrón Wind project within its Sempra Infrastructure segment.
ETR
2nd
Entergy
$36.66Bn
98.11
-0.48%
+4.87%
The company operates the Entergy Wholesale Commodities segment, which manages a merchant power generation fleet of nuclear, gas, and coal plants that sell electricity into wholesale markets and participate in capacity auctions.
WEC
2nd
Wec Energy
$33.06Bn
101.46
+0.02%
-11.17%
Through its WECI subsidiary, the company owns and operates wind and solar renewable generation facilities that sell power under long-term power purchase agreements.
AXIAY
AXIA Energia
$29.36Bn
10.34
-1.05%
—
AXIA Energia is primarily a power generator with 100% of its capacity from low-emission sources, specifically hydroelectric (97.1% of output), wind, and solar. It sells this electricity through bilateral contracts, auctions, and to Free Market clients.
AEE
2nd
Ameren
$27.51Bn
99.40
+0.00%
-4.01%
Ameren Missouri owns and operates a material fleet of renewable assets, including wind farms and solar arrays, and earns revenue from the sale of renewable energy credits.
DTE
2nd
Dte Energy
$25.14Bn
120.82
-0.51%
-14.23%
Through its DTE Vantage segment, the company owns and operates renewable energy projects that sell electricity to industrial, commercial, and institutional customers.
NRG
Nrg Energy
$20.40Bn
96.99
-3.37%
-41.34%
NRG Energy operates as a retail energy provider selling electricity and natural gas to residential, commercial, and industrial customers in competitive markets. Its revenue is derived from the sale of energy to retail and wholesale customers and capacity market payments, rather than a regulated rate base.
YPF
2nd
Ypf Sociedad Anonima
$20.20Bn
51.35
-1.48%
+102.56%
YPF generates and sells electricity from renewable power plants through its joint venture YPF EE.
CMS
2nd
Cms Energy
$19.63Bn
62.61
-0.54%
-13.96%
Through its NorthStar Clean Energy subsidiary, the company engages in independent power production specifically focused on the development and operation of renewable generation, contributing $408 million to operating revenue.
PPL
2nd
Ppl
$18.54Bn
32.11
+0.19%
-13.40%
PPL maintains a diversified generation portfolio that includes solar and hydro assets, which are part of its regulated energy generation activities.
EVRG
2nd
Evergy
$18.35Bn
77.91
-0.17%
+3.80%
The company maintains a diversified generation portfolio that specifically includes wind and solar resources as part of its owned generation assets.
LNT
2nd
Alliant Energy
$16.25Bn
63.21
-0.61%
-5.35%
Alliant Energy maintains a diversified generation mix that includes wind and solar resources and is making ongoing investments in renewable energy projects to meet state standards.
CIG
2nd
Energy Co Of Minas Gerais
$15.03Bn
2.03
-1.93%
-3.79%
The company has a material generation fleet including solar farms, wind farms, and large hydroelectric facilities such as Belo Monte and Três Marias, with a total installed capacity exceeding 4,600 MW.
TLN
Talen Energy
$14.54Bn
303.50
-0.30%
-27.86%
Talen Energy is explicitly described as an independent power producer that sells electricity, capacity, and ancillary services into competitive wholesale markets at market-based rates. Its revenue comes from energy sales and capacity contracts with regional transmission organizations like PJM and MISO rather than regulated tariffs.
KEP
2nd
Korea Electric Power
$14.21Bn
11.07
+0.54%
-16.52%
The company owns Korea Hydro and Nuclear Power Company Limited (KHNP), which operates 26 nuclear reactor units totaling 26,050 megawatts, representing a material portion of its generation fleet.
BEP
Brookfield Renewable Partners
$13.01Bn
27.86
-1.73%
+6.30%
The company owns and operates a massive portfolio of utility-scale renewable electricity generation, including hydroelectric, wind, and solar assets. It generates revenue primarily through long-term power purchase agreements (PPAs) with customers like Amazon, Microsoft, and Google.
AA
2nd
Alcoa
$11.15Bn
42.26
-1.42%
+24.84%
The company owns energy assets that generate electricity not only for internal smelting use but also for sale to third parties, contributing to its total revenue.
AES
2nd
Aes
$10.60Bn
14.86
-0.13%
+12.92%
The company owns and operates solar, wind, and hydro facilities, selling renewable energy to corporate customers like Amazon, Microsoft, and Apple under long-term power purchase agreements.
OGE
2nd
Oge Energy
$9.23Bn
44.68
-0.29%
-2.66%
The company maintains a diverse generation mix that includes 9% renewable resources as part of its power generation fleet.
ENLT
Enlight Renewable Energy
$9.08Bn
68.75
-1.04%
+133.05%
Enlight Renewable Energy owns and operates utility-scale renewable energy projects across wind and solar, generating revenue from the sale of electricity under long-term power purchase agreements (PPAs). Specific examples include the Crimson Orchard solar and storage facility in Idaho and the CO Bar complex in Arizona.
EAI
2nd
Entergy Arkansas
$8.80Bn
18.85
+0.59%
—
The company operates a material nuclear generation asset, specifically the Arkansas Nuclear One facility, as part of its diversified power generation portfolio.
PNMXO
2nd
Public Service Co Of New Mexico
$8.19Bn
73.75
+1.03%
-6.94%
The company maintains a material and growing portfolio of renewable resources, including investments in solar and wind, and earns revenue from renewable energy credit sales.
IDA
2nd
Idacorp
$7.45Bn
128.82
-0.74%
-1.44%
The company operates a material renewable generation fleet, including 17 hydropower projects on the Snake River and its tributaries with a total nameplate capacity of 1,818 MW.
ELPC
2nd
Energy Co Of Parana
$7.38Bn
12.05
-1.47%
+34.49%
The company has a material generation fleet of 5,961.2 MW derived entirely from hydroelectric and wind sources, managed through its Copel GeT segment.
OKLO
Oklo
$6.87Bn
37.11
-2.47%
-68.15%
Oklo owns and operates advanced fission power plants (powerhouses) to generate electricity and heat, selling this output under long-term power purchase agreements to customers like Meta Platforms and Switch Ltd. Its core business is defined by its fleet of small modular fast fission reactors.
CWEN
Clearway Energy
$6.32Bn
29.21
-1.95%
+2.96%
Clearway Energy owns and operates a large portfolio of utility-scale renewable assets, including the Alta I-V wind facilities and Luna Valley solar, selling output via power purchase agreements to utilities and corporations.
ORA
Ormat Technologies
$5.56Bn
90.37
-3.47%
-5.43%
Ormat owns and operates utility-scale geothermal and solar PV power plants, selling electricity under long-term power purchase agreements (PPAs) to utilities like NV Energy and Kenya Power and Lighting Co. Ltd.
BEPC
Brookfield Renewable
$5.44Bn
27.95
-1.86%
-19.64%
The company's core business is owning and operating a diversified portfolio of utility-scale hydroelectric, wind, and solar power facilities. It generates revenue primarily from the sale of electricity produced by these renewable assets through long-term power purchase agreements with utilities and corporate customers like Google.
BKH
2nd
Black Hills
$5.32Bn
69.74
-1.09%
+14.10%
The company has a Power Generation segment consisting of non-regulated thermal plants that sell electricity into wholesale markets and to third-party purchasers via capacity contracts.
POR
2nd
Portland General Electric
$5.12Bn
44.18
-5.70%
+1.87%
The company owns and operates a material portfolio of utility-scale renewable assets, including wind farms, hydroelectric stations, and solar installations, and sells environmental credits like renewable energy certificates.
NJR
2nd
New Jersey Resources
$5.11Bn
50.41
-0.47%
+5.04%
Through its Clean Energy Ventures segment, the company owns and operates solar projects with 479 megawatts of capacity and sells electricity and renewable energy credits to load serving entities.
RNW
ReNew Energy Global
$4.99Bn
6.84
+0.00%
-11.86%
ReNew Energy Global owns and operates utility-scale wind, solar, and hydro power plants, selling electricity through long-term power purchase agreements to government agencies and commercial consumers. Its core business is defined by its commissioned capacity across these renewable energy assets.
PCG
2nd
Pg&E
$4.75Bn
11.94
-3.16%
-20.72%
The Electric segment includes the ownership and operation of hydroelectric and renewable energy facilities as part of its generation fleet.
HASI
2nd
HA Sustainable Infrastructure Capital
$4.64Bn
36.25
-0.58%
+17.35%
The company owns and operates utility-scale renewable energy projects, including solar, solar-plus-storage, and wind, selling output via power purchase agreements (PPAs) to utilities and wholesale markets.
NWE
2nd
NorthWestern Energy
$4.19Bn
68.06
-1.13%
+17.12%
The company owns and operates a material portfolio of renewable electricity generation, specifically citing hydroelectric, wind, and solar facilities as part of its diversified generation mix.
PAM
2nd
Pampa Energy
$4.16Bn
76.56
-1.57%
+26.75%
The company operates power generation activities and sells capacity and energy to wholesale and retail customers, with financial performance tied to market prices for electricity.
AQN
2nd
Algonquin Power & Utilities
$3.84Bn
5.00
+0.20%
-7.41%
The company maintains a dedicated Hydro Group focused on hydroelectric power generation, which contributes to its overall renewable energy portfolio.
TAC
Transalta
$3.51Bn
11.82
+2.52%
-13.53%
TransAlta is a power generator that sells electricity to wholesale markets, utilities, and commercial customers, with a significant portion of its revenue coming from merchant assets and energy marketing. Its Gas segment operates 4,834 megawatts of capacity and its Energy Transition segment includes a merchant contract with Puget Sound Energy, fitting the profile of an Independent Power Producer.
KEN
Kenon Holdings
$3.36Bn
64.46
+0.77%
+44.56%
Kenon Holdings operates as a global independent power producer through OPC, owning natural gas-fired plants like Rotem and Fairview and selling electricity into wholesale markets (PJM, NYISO, ISO-NE) and via retail supply to commercial and industrial customers. Its revenue is driven by market prices, bilateral power purchase agreements, and retail supply margins rather than a regulated rate base.
AVA
2nd
Avista
$2.91Bn
34.80
-0.91%
-7.32%
Avista owns and operates a material fleet of renewable generation assets, specifically hydroelectric, wind, and solar facilities, to support its energy supply.
FRMI
2nd
Fermi
$2.72Bn
4.26
-5.75%
-86.90%
The company provides grid-independent energy generation via on-site natural gas-fired generation and battery storage to its tenants. This power is sold as part of the lease structure based on reserved power capacity (dollars per kilowatt per month) outside of a regulated utility rate base.
MGEE
2nd
Mge Energy
$2.60Bn
68.93
-1.61%
-17.61%
The company has a 'Nonregulated energy operations' segment that owns and leases electric generating capacity through subsidiaries like MGE Power Elm Road and MGE Power West Campus.
BKV
2nd
Bkv
$2.40Bn
21.90
+0.32%
-7.75%
The company operates a Power Generation segment via a joint venture with two combined cycle plants in the ERCOT North Zone, selling electricity to wholesale markets and retail customers.
RUN
2nd
Sunrun
$1.84Bn
7.67
-5.43%
-56.86%
Sunrun owns and operates a fleet of deployed solar systems and generates recurring revenue by selling solar electricity to customers via power purchase agreements.
CEPU
Central Puerto
$1.83Bn
12.08
-8.62%
+45.72%
Central Puerto is a private electricity generation company that sells power to the wholesale market administered by CAMMESA and through long-term agreements with utilities. Its thermal segment, including combined cycle plants like the Brigadier López expansion, fits the profile of an independent power producer selling electricity outside a regulated retail rate base.
FCEL
2nd
Fuelcell Energy
$1.29Bn
16.14
-2.12%
+107.45%
The company's Generation segment owns and operates fuel cell power plants that sell electricity to utilities and off-takers under power purchase agreements, such as those with Southern California Edison and the New York Power Authority.
AMRC
2nd
Ameresco
$1.07Bn
20.31
-5.53%
-40.54%
The company owns and operates small-scale renewable energy assets, including solar and biogas plants, and sells the resulting electricity and renewable natural gas under long-term agreements.
XIFR
XPLR Infrastructure
$976.67Mn
10.36
-1.71%
+0.58%
XPLR Infrastructure owns and operates a portfolio of wind and solar projects with ten gigawatts of capacity. It generates revenue by selling electricity and renewable energy attributes to utilities and wholesale customers via long-term power purchase agreements.
NRGV
2nd
Energy Vault Holdings
$728.76Mn
4.05
-8.16%
+34.11%
Through its Asset Vault platform, the company develops, owns, and operates energy storage assets, generating revenue from the operation of these assets under power purchase agreements and market participation.
CSIQ
2nd
Canadian Solar
$706.58Mn
10.42
-3.52%
-19.29%
Through its Recurrent Energy segment, the company owns and operates solar and battery storage projects to generate recurring revenue from electricity sales.
HNRG
Hallador Energy
$678.40Mn
14.39
-2.24%
-25.67%
Hallador operates the Merom Power Plant, a 1080 megawatt coal-fired facility, selling wholesale electricity and accredited capacity to utilities and market participants in the MISO region. It operates as an independent power producer selling at market prices and via bilateral contracts rather than under a regulated retail tariff.
DGXX
2nd
Digi Power X
$415.85Mn
4.22
-8.06%
+76.57%
The company owns and operates a 60 MW gas-fired peaker plant in North Tonawanda that provides electrical power to the grid during times of peak demand.
MNTK
2nd
Montauk Renewables
$401.08Mn
2.80
-4.44%
+37.25%
The company operates a Renewable Electricity Generation segment that produces electricity from biogas using engines or turbines. This electricity is sold under long-term power purchase agreements to municipal and investor-owned utilities, such as the City of Anaheim.
NPWR
Net Power
$350.73Mn
1.56
-5.45%
-50.63%
Net Power owns and operates power generation facilities, such as its 50 megawatt thermal facility, and intends to sell electricity via wholesale markets, merchant sales, and long-term power purchase agreements. Its revenue model is based on selling electricity and capacity outside of a regulated rate base, which aligns with the Independent Power Producer classification.
FIP
2nd
FTAI Infrastructure
$341.55Mn
2.89
-7.37%
-35.20%
The Power and Gas segment operates a 485-megawatt power plant at the Long Ridge terminal, selling electricity to local electricity markets and traders.
FISN
2nd
Deep Fission
$323.82Mn
5.42
-13.28%
—
The company intends to maintain project-level equity ownership of its Gravity Reactor facilities to receive cash flows from electricity sales under long-term power purchase agreements, effectively operating as a nuclear power producer.
ELLO
Ellomay Capital
$302.91Mn
21.98
+0.00%
+24.39%
The company's primary revenue is generated from the sale of electricity produced by its operating solar power plants in Spain, Italy, and the USA, as well as its development of a pumped storage hydro power plant in Israel.
WAVE
Eco Wave Power Global AB (publ)
$297.12Mn
6.36
+5.12%
-24.11%
The company develops wave energy converter technology to produce clean electricity and intends to operate power stations under a 'Build Own Operate' model, selling electricity via long-term power purchase agreements to utilities like the Israeli Electric Corporation.
ANNA
2nd
AleAnna
$174.03Mn
2.60
-4.06%
-38.24%
The company currently generates and sells electricity from its anaerobic digester sites to the state-owned utility Gestore dei Servizi Energetici SpA while those assets are being upgraded to biomethane production.
ACRG
2nd
American Clean Resources
$98.71Mn
7.00
+0.00%
+250.00%
The company plans to develop the ACRG Greenway to Power Renewable Energy Industrial Park, which includes a 2 GW solar farm intended to generate revenue through energy sales.
TGEN
2nd
Tecogen
$95.37Mn
3.16
+4.98%
-61.51%
Through its Energy Production segment, the company owns and operates distributed generation systems at customer sites and sells electricity, heat, and cooling under long-term contracts at competitive market-based prices.
NFE
2nd
New Fortress Energy
$37.01Mn
6.48
-4.99%
+222.39%
The company provides power generation services under long-term power purchase agreements and manages thermal generation assets, such as those operated for the Puerto Rico Electric Power Authority.
SPRU
Spruce Power Holding
$34.84Mn
1.81
-7.18%
-19.56%
Spruce Power owns and operates a portfolio of distributed solar energy assets with a combined capacity of 509 MWdc. It generates revenue through the sale of electricity to homeowners via power purchase agreements (PPAs) and the sale of solar renewable energy credits (SRECs).
BGDE
2nd
Big Digital Energy
$29.71Mn
5.26
-8.68%
-46.33%
The company operates an energy management business that participates in demand response and grid stability programs in the PJM market, earning payments from grid operators for adjusting power usage.
VIP
2nd
Vulcan Infrastructure & Power
$29.01Mn
1.61
-1.23%
-5.29%
The company owns and operates a 106 megawatt natural gas power generation facility that sells electricity, capacity, and ancillary services into the wholesale market via the New York Independent System Operator (NYISO).
BESS
Bimergen Energy
$18.74Mn
2.64
-3.65%
-34.33%
Bimergen Energy is a developer of utility-scale solar energy projects and battery energy storage systems. It intends to generate revenue through power purchase agreements and the sale of stored energy to utilities and commercial customers.
GEBRF
2nd
Greenbriar Sustainable Living
$15.11Mn
0.37
+0.00%
+5.71%
The company develops and operates solar and battery photovoltaic facilities, such as the Montalva Solar Project. It generates revenue by selling electricity under long-term power purchase agreements with the Puerto Rico Electric Power Authority.
NXXT
Nextnrg
$14.77Mn
0.88
+3.53%
-53.93%
NextNRG owns and operates solar plus battery storage microgrids and sells the produced electricity through power purchase agreements to commercial, institutional, and government customers, such as Sunnyside Nursing and Post-Acute Care Center.
PBK
Powerbank
$12.40Mn
0.26
+0.00%
-83.54%
PowerBank operates as an independent power producer that owns and operates solar power plants, generating revenue from electricity sales under power purchase agreements and other offtake arrangements.
BRNX
2nd
Brenx
$31.34K
2.30
-7.63%
-99.36%
The company operates an 'Energy as a Service' model where it installs, operates, and maintains systems to sell produced energy, such as steam or hot air, under long-term contracts to users like power utilities.
ASRE
Astra Energy
$0.00
0.00
—
-100.00%
Astra Energy develops and operates utility-scale renewable projects, specifically a 42.5MW solar farm on Zanzibar and waste-to-energy systems, selling electricity to the local grid under power purchase agreements.
CBDW
2nd
1606
$0.00
0.00
—
—
The company is pursuing the acquisition of a 55 megawatt power generation facility in Texas and anticipates future income from electricity sales.
CPWR
Ocean Thermal Energy
$0.00
0.00
—
—
The company develops utility-scale renewable energy systems (OTEC) to generate clean baseload electricity for sale via long-term power purchase agreements. Its core business is the generation of electricity from a renewable ocean thermal source.
MMEX
2nd
MMEX Resources
$0.00
0.00
—
—
The Trans Permian H2Hub segment involves a natural gas to power project that will sell electricity to data centers and the ERCOT wholesale market, operating as a merchant power producer.