GDEV Management-backed Relevate Power and Eagle Creek Form Strategic Partnership to Expand Companies' Hydropower Footprints
PR Newswire•01/10/2026•07:00 ET
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Key Highlights
- ➤Strategic partnership combines Relevate Power and Eagle Creek hydropower portfolios
- ➤Eagle Creek will manage Relevate’s run-of-river hydroelectric project portfolio
- ➤Partnership targets operational and cost efficiencies through asset management
- ➤Relevate received a $4.9 million Department of Energy grant
- ➤Eagle Creek operates 85 hydroelectric facilities across 18 states
Expert Statements
Neal Simmons, CEO at Eagle Creek
“The hydropower market is in a period of significant growth as electricity demand surges beyond current generation levels.”
Neal Simmons, CEO at Eagle Creek
“We will bring our operating expertise to oversee Relevate's hydropower projects, enabling us to provide clean, reliable energy to surrounding homes and businesses.”
Benjamin Baker, Managing Partner of GDEV Management
“Together with Eagle Creek, we're helping strengthen Relevate's business model of providing operational improvements to underperforming hydro facilities.”
Benjamin Baker, Managing Partner of GDEV Management
“This partnership will allow Relevate to expand its platform on a larger scale while significantly reducing overhead - promising long-term value for our investors and partners.”
GDEV Management-backed Relevate Power and Eagle Creek Form Strategic Partnership to Expand Companies' Hydropower Footprints PR Newswire
The partnership brings together Relevate's redevelopment expertise and Eagle Creek's operating scale and expertise, advancing hydropower as a source of baseload generation across North America
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