The company was founded by President and CEO Michael Polsky, who has more than 30 years of experience in the energy industry. This includes cofounding one of the first independent power producers, Indeck Energy Services, in 1985. Prior to establishing Invenergy, Polsky founded SkyGen Energy LLC, building up a portfolio of 12,000 MW of power-generating projects.
Invenergy focuses on developing, operating and managing large-scale renewable energy-generation assets in North America and Europe.
The company has development offices in Austin, Texas; Denver; Minneapolis; San Diego; San Francisco; and Washington, D.C., as well as international offices in Canada, Scotland and Poland.
Shield says that one of the company’s main advantages over its competition is its organization. Not only is the company small and flat enough to be flexible, but it concentrates on renewable energy. Many other renewable energy developers are traditional power generators trying to adapt to the new models, but Invenergy isn’t tethered to the past. “This is our core business,” Shield says.
A flat organizational structure and entrepreneurial culture help Invenergy make the most of its management’s average of 20 years in the business. Because Invenergy has the flexibility to act quickly, it can spot trends and reallocate resources to take advantage of them before others have a chance to react. “We can make decisions quickly here,” Shield says. “If one person spots an opportunity, we get everyone involved to take advantage of that opportunity.”