Por Invenergy
25 years ago, Invenergy started with a simple, disciplined idea: build innovative energy infrastructure that made sense and always focus on execution. Building on decades of experience in energy development and engineering, our founders laid Invenergy’s foundation in natural gas generation back in 2001. As new technologies emerged, we approached them the same way—pragmatic and always disciplined in development and execution. Today, that approach has led to Invenergy developing more than 220 projects and 38 gigawatts across solar, land-based wind, energy storage, transmission and domestic manufacturing. These first 25 years, built on decades of expertise and industry relationships and powered by an industry-leading, innovative workforce, reflect the system-wide thinking and execution it takes to become the largest privately held independent power producer in North America. Throughout the year, we'll be marking Invenergy’s 25th anniversary by sharing the growth and milestones that have made Invenergy a trusted partner and energy innovator—today and in the future.
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 Alex 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 the leadership of Polsky, Murphy, Shield, Schueler, and many other early executives, 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.
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