American PowerNet
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
American PowerNet - overview
Established
1997
Location
Wyomissing, PA, US
Primary Industry
Power & Utilities
About
American PowerNet is a US-based company specializing in wholesale electric procurement, providing large-scale energy consumers with strategic access to deregulated electricity markets. Founded in 1997, American PowerNet operates from Wyomissing, US, focusing on facilitating energy procurement solutions for its clients. The company has engaged in one notable deal, with its most recent acquisition occurring on December 10, 2025, when Axpo Holding acquired American PowerNet, although the financial terms of the transaction were not disclosed. Through this acquisition, the company aims to enhance its service capabilities.
American PowerNet specializes in wholesale electric procurement, enabling clients like Fortune 500 companies, universities, data centers, and municipalities to optimize their energy procurement strategies. The firm's services include management of Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs), aiding clients in sourcing renewable energy and navigating deregulated electricity markets across regions such as the Pennsylvania New Jersey Maryland Power Pool, New England Independent System Operator, Electric Reliability Council of Texas, Midcontinent Independent System Operator, and California Independent System Operator. American PowerNet generates revenue through its wholesale electric procurement services, directing its focus on B2B transactions with large commercial, industrial, governmental, and educational entities. The company provides a transparent fee structure, allowing clients to have itemized visibility into all charges related to their electricity purchases.
Revenue is driven by offering diverse supplier contracts to ensure favorable pricing based on market conditions, which aligns with client needs in deregulated markets. Following the acquisition by Axpo Holding set for December 10, 2025, American PowerNet plans to leverage its expanded capabilities to enhance service offerings. This growth strategy will likely involve the introduction of new products aimed at improving energy solutions and expanding into additional deregulated markets to broaden its clientele base.
Primary Industry
Power & Utilities
Sub Industries
Business Support Services, Electric Utilities, Power Generation Equipment & Services, Renewable Energy
Website
www.americanpowernet.com/
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.