Calpine Corporation is a U.S.-based independent power producer headquartered in Houston, Texas. The company owns and operates a large fleet of natural gas-fired combined-cycle and cogeneration plants across major competitive power markets, as well as geothermal facilities, including The Geysers complex in California. Calpine supplies wholesale electricity, capacity, and grid services to utilities, retail providers, and large customers.
For industrial users—including petrochemical and refining sites—Calpine’s cogeneration facilities provide both electricity and process steam to support continuous operations and efficiency. The company’s portfolio and projects emphasize high-efficiency thermal generation, geothermal renewable power, and selected decarbonization measures such as carbon capture at certain sites, aligning with industrial demand for reliable, lower-emission energy and steam supply.
