The owners of power-plant giant Calpine Corp. are considering options that include a sale, an IPO or a stake divestment that would value the company at $30 billion including debt, Bloomberg News reported.
A deal could happen by the beginning of 2025, according to Bloomberg. Calpine’s owners include Energy Capital Partners, Access Industries Inc. and Canada Pension Plan Investment Board after a $17 billion acquisition announced in 2017.
The value of power plants in the U.S. has surged in recent months as investors begin to appreciate the heavy energy demands required by AI, data centers and factories. The huge energy demands of data centers that run AI computing has turbocharged power demand projections and renewed interest in electricity generation like the gas plants Calpine owns.