Invenergy

Last year, we invested more than $500 million in American communities, supporting jobs, critical public services, and local economies across the country. This investment, supported by landowner payments, wages and benefits, and state and local taxes, builds on the billions of dollars invested in the communities where we live and work over the last 25 years. We look forward to continuing our support for host communities and helping fund schools, public safety, and essential infrastructure. https://lnkd.in/gEhfVrsk

In Invenergy’s earliest days, success depended on more than vision—it depended on proof. The early 2000s were a period of rapid change in the U.S. energy market: volatile power prices, shifting ownership structures, and a growing need for scalable, disciplined project development. From the outset, Invenergy’s founding team understood that navigating this environment would require moving decisively when the right opportunities emerged, and exercising patience when they did not. That opportunity arrived in 2003 with Hardee Energy Center, a 370-megawatt natural gas power plant that began operations in 1993 in rural Florida. Our founding team, with deep expertise in gas-fired generation and operations, recognized that Hardee was a durable asset in a market still finding its footing. They moved forward deliberately, relying on long-standing relationships with partners and advisors who trusted their technical judgment and disciplined approach to ownership. For those partners, the plant became an early signal of how Invenergy would operate, from prioritizing long-term performance to adopting innovative staffing structures. Hardee embraced the emerging trend in the combined-cycle industry of merging operations and maintenance responsibilities into the “O&M Technician” role, creating a multi-skilled workforce capable of supporting both functions. The plant further advanced this concept by extending the multi-skilled staffing model into self-performing major maintenance outages, utilizing craft skills on shift, self-directed work teams, and strong technical ownership of the equipment. This made the team significantly more efficient, reliable, and able to prioritize execution in a demanding energy market. With its first natural gas asset in place, Invenergy could continue to advance innovative energy operations while strategically expanding into emerging technologies that make good business sense. More than two decades later, Hardee Energy Center remains in operation and will continue for many years ahead. Its longevity underscores the strategy behind the acquisition and the philosophy that has guided Invenergy ever since: recognize change early, move with intention, and invest in the long-term performance of energy assets.

The Griffin Museum of Science and Industry’s newest permanent exhibit, “Powering the Future,” is now open to the public. Invenergy helped bring the exhibit to life through various donations of energy technologies, including a wind turbine blade section from our land-based wind, solar and storage Grand Ridge project, 3 HV transmission line insulators, a safety suit, and an energy storage module. Invenergy, in conjunction with its advanced solar panel manufacturing facility Illuminate USA, also donated solar components and a full solar panel to the exhibit, contributing to a world-class museum that was recently recognized by Travel + Leisure as one of the top 27 museums in the world. Pictured: Several Invenergy employees were on hand for the exhibits' opening celebrations last week.

For Global Volunteer Month, Invenergy employees supported their communities by contributing their time to local organizations across the regions where we live, work and operate. 🔵118 employees volunteered 482 hours in April 🔵884 volunteer hours contributed so far this year 🔵More than $10,000 donated through Global Volunteer Month activities From food banks to neighborhood cleanups, thank you to everyone who participated in volunteer events throughout April and strengthened the shared value we create in our communities.

In 1990, engineer and energy entrepreneur Michael Polsky founded Polsky Energy Corporation (later renamed to SkyGen) after experiencing rapid success with his first company, Indeck Energy Services (IES). SkyGen, which focused on developing large-scale natural-gas power plants, was where Polsky met his future business partner, Jim Murphy. Within a decade, they assembled one of the largest portfolios of gas-fired generation in North America. The company was later acquired by Calpine Corporation in 2000. The turn of the century was a complex time for the energy industry; a boom in independent power plants led to overbuilding and plummeting electricity prices. Seeing the opportunity to acquire distressed natural gas plants at low cost, and having the commercial and engineering expertise to execute, Polsky launched his third American energy company with Murphy and two other SkyGen executives in 2001. They named the company Invenergy. Initially, the company had planned to continue focusing on natural gas acquisitions, but market conditions evolved. Polsky and Murphy saw the potential to expand into renewable energy, leveraging the same development, financing, and execution expertise that had driven their previous success. The company would later bring one of Polsky's earliest colleagues from Indeck, Jim Shield, as well as SkyGen colleagues Alexander C George and Bryan Schueler, to continue the rapid expansion and diversification of Invenergy's portfolio. 25 years later, Invenergy is North America’s largest privately held independent power producer. Under Polsky, Murphy, Shield, Schueler, and many other early executives’ leadership, the company has successfully developed over 220 projects across natural gas, land-based wind, solar, storage, transmission, and manufacturing. It’s an evolution rooted in the instincts that have defined our innovation and execution through periods of profound change in the energy industry. In many ways, the founding of Invenergy reflects the same entrepreneurial pattern that shaped the trajectory of the industry: identify a shift, move early, and build infrastructure that makes good business sense.

As Illuminate USA continues to scale domestic solar manufacturing, we’re proud to see Art Fletcher, who initiated and led Invenergy’s domestic manufacturing efforts, step into the CEO role. This reflects our continued commitment to reshoring America’s manufacturing capacity with deep operational experience and a long‑term focus on strengthening supply chains. We look forward to seeing what Illuminate will accomplish under Art's leadership. Read the full press release here: https://lnkd.in/g2fCwhH8

Our Chicago headquarters recently welcomed nearly 125 children for Bring Your Child to Work Day—an energizing morning of hands‑on learning, creativity, and curiosity. From engineering challenges to STEAM activities with our impact partner, the Griffin Museum of Science and Industry, our youngest innovators explored how Invenergy powers homes and communities with affordable, reliable energy. Thank you to the employees, volunteers, partners, and families who helped make the day a success.

Invenergy, NVIDIA, and Emerald AI are powering the next phase of AI infrastructure. 🔵Invenergy brings the scalable power infrastructure, with 25 years of expertise and 220+ projects. 🔵NVIDIA brings the next-gen AI factory design. 🔵Emerald AI brings the flexibility-enabling Conductor platform. Read more on our partnership to optimize delivery of AI capacity: https://lnkd.in/g86ytxVd

"Our customers are our North Star." As Invenergy CEO and Co-Founder Jim Murphy puts it, our ability to execute generation projects for our customers is an integral part of our current and future success.

Last week, I joined Tim McDonnell at the Semafor World Economy Summit to discuss the future of energy. My entire career, I’ve been on the front lines building across the full spectrum of generation – from coal and oil, to nuclear, natural gas, renewables, and more. My approach to development is driven by technology, fundamentals, and what makes sense. Energy is infrastructure. It must be reliable, affordable, and built for the long term. The demand is there, and we have the technology. The question is how we build and deliver at scale. That starts with transmission – the infrastructure needed to connect supply to load. When you build a neighborhood, you build the roads first. Energy is no different. Without transmission, it becomes increasingly difficult to bring new generation online and meet growing demand. The constraint is not innovation. It is recognizing priorities and execution.  At Invenergy, our focus is on delivering – bringing projects from concept to reality with the discipline required to build at scale.