6.4.3.1Vertical
Large Hydroelectric Facilities
Operators of large-scale hydroelectric dam and reservoir facilities.
Market snapshot
These figures describe Hydroelectric Power Generation (6.4.3), the segment that Large Hydroelectric Facilities sits within — not Large Hydroelectric Facilities on its own.
- Market size
- ~$4B
- Growth
- ~5.2%CAGR (2017–22, nominal)
- Companies
- ~550
FragmentationConsolidatedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 221111 (hydroelectric power generation) — reported merchant/establishment revenue; much U.S. hydro is federally owned and outside this figure.
Business model & economics
Revenue model
Wholesale power and grid-flexibility/storage services
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
recurring generation and storage services
low-marginal-cost renewable baseload
Characteristics
- Largest renewable source by output; much federally owned.
- Pumped storage the largest form of grid energy storage.
- Relicensing, upgrades, and pumped storage the growth avenues.
M&A deal context
Deal activityModerate
Who’s acquiring
- Utilities & merchant operators
- Infrastructure funds
- Pumped-storage developers
What’s driving deals
- Pumped-storage value for renewable firming.
- Relicensing and capacity upgrades.
- Grid-flexibility and storage services.
Find Large Hydroelectric Facilities acquisition targets
Search Acquisera’s index for companies classified under Large Hydroelectric Facilities (6.4.3.1) and build a targeted deal pipeline.
Search companies