For nearly 60 years, the Ravenswood Generating Station has been a vital part of New York’s energy system. Located on 28 waterfront acres in Long Island City, Ravenswood proudly employs more than 100 union men and women from the greater New York metro region, and delivers more than 20 percent of New York City’s generation capacity. It played a major role in re-energizing the grid after 2003’s Northeast Blackout. It has continuously delivered safe and reliable service during major weather events, including Hurricane Sandy – during which it provided up to 50 percent of New York City’s energy – and others, like the recent “Polar Vortex” and “Bomb Cyclone.”
In 2017, LS Power acquired Ravenswood and committed to investing in a comprehensive redevelopment of its energy business. Since then, the company has invested more than $160 million to modernize the Station’s facilities and has retired over 300MW of outdated fossil-fired peakers to make space for new clean energy infrastructure.
In 2020, LS Power launched Rise Light & Power as an independent, Queens-based energy asset manager and developer, to own and manage the Ravenswood Generating Station and to leverage its assets and resources to develop new, large-scale clean energy infrastructure.
Today, Rise Light & Power is pursuing an exciting growth-oriented strategy – from modernizing the Ravenswood Generating Station to building the largest battery storage project on the US east coast. Rise Light & Power is proud to be a wholly-owned, independently-operated subsidiary of LS Power, a development, investment, and operating company focused on the North American power and energy infrastructure sector. For more information, please visit LSPower.com