Invenergy, Verizon partner to procure over 1 GW in renewable energy
Verizon signs four VPPAs with Invenergy, bringing total procured clean energy between the two companies to over 1 gigawatt (GW)
American-made clean energy will meet growing demand
CHICAGO, IL (02/19/2025) -- Invenergy, the largest privately held developer, owner, and operator of clean energy solutions, today announced four new Virtual Power Purchase Agreements (VPPA) with Verizon totaling 640 MW of power. These agreements enable Verizon to meet its power needs with cleaner, more reliable, affordable American energy. Verizon’s total procured energy from Invenergy is now more than 1 GW.
“America’s economic growth relies on reliable, affordable electricity, and valued customers like Verizon trust Invenergy to flexibly meet their clean energy needs with our engineering expertise and wide range of technologies,” said Chris Orzel, Invenergy's Senior Vice President of Origination. “In addition to serving our customer’s growing power needs, Invenergy’s projects deliver jobs and economic benefits to local communities and add more American energy to the grid.”
"Surpassing 1 GW in clean energy procurement from Invenergy represents a key milestone in Verizon’s long-term energy strategy,” said James Gowen, Senior Vice President, Global Sourcing and Supply Chain and Chief Sustainability Officer, Verizon. "It’s great to continue to build on our long-standing relationship with Invenergy as we create resilient networks that support our customers’ needs and keep them connected when it matters most.”
The latest VPPAs are contracted through four Invenergy-developed facilities strategically located across the United States, including Arkansas, Illinois, Maryland, and Ohio:
The electricity generated by all four Invenergy-developed projects will be delivered to local grids through two energy markets across four states, increasing regional reliability by providing power to nearby homes and businesses. Verizon will receive clean energy credits for bringing new generation capacity online.
About Invenergy
Invenergy is accelerating cleaner, more reliable, affordable energy. Invenergy and its affiliated companies develop, build, own, and operate large-scale renewable and other clean energy generation, transmission, and storage facilities in the Americas, Europe, and Asia. Headquartered in Chicago, Invenergy has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.
Invenergy and its affiliated companies have successfully developed more than 33,000 megawatts of projects that are in operation, construction, or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects.