GE Vernova and Kindle Energy Partner to Advance Colorado’s Energy Future

Kindle Energy’s Mountain Peak Power Plant in Colorado will feature six units of GE Vernova’s LM2500XPRESS* aeroderivative gas power packages, designed to deliver fast, modular power solutions.

On February 29, 2024, GE Vernova’s Gas Power and Financial Services divisions (NYSE: GE) announced an order from Kindle Energy for six LM2500XPRESS* power packages. These units aim to provide rapid, reliable power to United Power electric cooperative in Colorado, meeting urgent capacity needs with highly modular technology.

The six LM2500XPRESS units will be installed at the Mountain Peak Power (MPP) plant in Keenesburg, Weld County, Colorado. Expected to be operational by 2025, the plant will generate up to 162 megawatts (MW), supporting Colorado’s transition to a more sustainable energy mix. GE Vernova’s Financial Services division also provided co-development funding to accelerate the project’s timeline, ensuring power availability aligns with United Power’s needs.

As Colorado moves away from coal-powered electricity by 2031, with several coal-fired plants either closing or converting to natural gas, the state continues to increase its renewable energy production. According to the “Renewables on the Rise Dashboard,” Colorado’s solar power production has increased sevenfold and wind power has grown by 2.3 times since 2013.

“In a state facing growing power demand and the phasing out of coal plants, it’s crucial to have a blend of flexible and efficient energy sources to meet carbon reduction goals while ensuring power reliability,” said Lee Davis, CEO of Kindle Energy. “We rely on GE Vernova’s technical and financial expertise to help our Mountain Peak Power plant manage the intermittent nature of wind and solar power generation in northeast Colorado. We are excited to collaborate with GE Vernova again, following our work on the Magnolia Power Plant in Louisiana.”

The MPP plant will utilize GE Vernova’s LM2500XPRESS power packages, which can start from cold in as little as five minutes. Each unit includes an LM2500* aeroderivative gas turbine, a distributed control system (DCS), and a Dry Low Emissions (DLE) combustion system, which minimizes emissions without water usage—a key advantage in northeast Colorado.

“GE Vernova is excited to deliver rapid-response peaking power to Kindle Energy, aiding Colorado’s energy transition,” said Dave Ross, President and CEO for GE Vernova’s Gas Power business in the Americas. “This project, leveraging our Gas Power and Financial Services synergies, is our second peaking power initiative in Colorado to support renewable energy integration and meet load growth as the state transitions to lower-carbon energy sources in line with its Renewable Portfolio Standard (RPS) goals.”

The LM2500XPRESS units for this project will be assembled at GE Vernova’s Gas Power Manufacturing Excellence Center in Veresegyhaz, Hungary, with commissioning expected shortly after delivery.

About Kindle Energy

Based in Princeton, NJ, Kindle Energy specializes in power generation development and asset management. With over 11GW under management, the company offers tailored investment, operational, and management solutions for power generation assets across North America, supporting utilities, cooperatives, municipalities, and other energy facility owners.

About GE Vernova

GE Vernova is a global energy company focused on Power, Wind, and Electrification segments, supported by Advanced Research, Consulting Services, and Financial Services. With over 130 years of experience, GE Vernova is leading the energy transition, aiming to electrify and decarbonize the world. Headquartered in Cambridge, Massachusetts, GE Vernova employs over 80,000 people in more than 100 countries. The company’s Gas Power division develops advanced natural gas technologies and decarbonization solutions, while the Financial Services division offers financing solutions to accelerate the energy transition.

GE Vernova’s name signifies its legacy of quality (“GE”), commitment to the environment (“Ver”/“verde”), and innovation in low-carbon energy (“Nova” from Latin “novus”). The company’s mission, “The Energy to Change the World,” reflects its dedication to delivering affordable, reliable, sustainable, and secure energy for the future.

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