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Eagle Creek Renewable Energy

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U.S. hydroelectric power platform owning and operating 85 hydro facilities across 18 states, wholly owned by Apollo Global Management funds.

Last updated September 26, 2026

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Overview

Eagle Creek Renewable Energy is a United States-based renewable energy company focused on hydroelectric power. Founded in 2010 to acquire, enhance, and operate hydroelectric power facilities, the company has grown into one of the largest U.S. hydroelectric power platforms. Through its affiliate companies, Eagle Creek owns and operates 85 hydroelectric facilities spanning 18 states, with an aggregate generation capacity of 690 MW. According to the company, these facilities produce enough electricity to power over 260,000 homes while avoiding over 1.9 million metric tons of carbon dioxide emissions each year. The company's growth has come largely through acquisitions and rehabilitation of existing hydro assets. It began with the three-plant Mongaup River system in New York, then expanded through the 2012 acquisition of North American Hydro's Midwest portfolio and the acquisition of development rights to the Ball Mountain and Townshend projects in Vermont. In 2013 it acquired ten small hydroelectric facilities in the Northeast and began rehabilitating them. Since then it has continued to acquire operating, partially-operating, and non-operating facilities and has rehabilitated and improved more than 25 hydroelectric turbines. Beyond hydropower, Eagle Creek has an active community solar development pipeline through its Lightstar Renewables subsidiary. The company describes its mission as creating value for stakeholders through an ongoing commitment to safety, compliance, innovation, and growth across its portfolio of renewable energy generating facilities. Its hydro operations also involve public recreation and environmental stewardship, including whitewater releases, lake level management, and relicensing processes with the Federal Energy Regulatory Commission. Eagle Creek is wholly owned by funds operated by Apollo Global Management. In October 2025, Apollo Funds agreed to acquire Eagle Creek Renewable Energy, described as one of the largest U.S. hydroelectric power platforms. The company is led by President and CEO Neal Simmons, with an executive team that includes Jody Smet (Senior Vice President, Regulatory Affairs and Compliance), Keith Hoover (Chief Financial Officer), Marty Karpenski (Chief Counsel), Jessica King (Chief Strategy Officer), Dusty Myers (Senior Vice President, Operations & Engineering), Jessica D'Orazio (Vice President, Human Resources), and Nick Ivancic (Associate General Counsel).

History

Eagle Creek Renewable Energy was founded in 2010 to acquire, enhance, and operate hydroelectric power facilities. Its initial focus was the three-plant Mongaup River system in New York. The company subsequently grew its footprint and team expertise through the acquisition of North American Hydro's Midwest portfolio in 2012. Later in 2012, Eagle Creek acquired the development rights to the Ball Mountain and Townshend projects in Vermont and began work to construct those facilities. In 2013, Eagle Creek acquired ten small hydroelectric facilities in the Northeast and began work to rehabilitate and enhance them. Since 2013, Eagle Creek has grown through the acquisition of operating, partially-operating, and non-operating facilities and has rehabilitated and improved more than 25 hydroelectric turbines. The company now owns and operates 85 hydroelectric facilities across 18 states with 690 MW of aggregate generation capacity, and it also has an active community solar development pipeline through its Lightstar Renewables subsidiary. Eagle Creek is wholly owned by funds operated by Apollo Global Management. In October 2025, Apollo Funds agreed to acquire Eagle Creek Renewable Energy, described as one of the largest U.S. hydroelectric power platforms.

  • 2013

    Acquired ten small hydroelectric facilities in the Northeast and began rehabilitation.

  • 2012

    Acquired North American Hydro's Midwest portfolio.

  • 2012

    Acquired development rights to the Ball Mountain and Townshend projects in Vermont and began construction.

  • 2010

    Eagle Creek Renewable Energy founded to acquire, enhance, and operate hydroelectric power facilities; initial focus on the three-plant Mongaup River system in New York.

  • Since 2013, grew through acquisitions of operating, partially-operating, and non-operating facilities; rehabilitated and improved more than 25 hydroelectric turbines.

  • Apollo Funds agreed to acquire Eagle Creek Renewable Energy.

Products and positioning

One of the largest U.S. hydroelectric power platforms, focused on clean renewable power, safety, compliance, innovation, and growth.

  • Hydroelectric power generation

    Owns and operates 85 hydroelectric facilities in 18 states with 690 MW aggregate capacity.

  • Community solar development

    Active community solar development pipeline through Lightstar Renewables subsidiary.

Sources5 sources

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