HOUSTON, March 17, 2016 /PRNewswire/ -- LS Power and energy industry leader Zin Smati today announced the launch of LifeEnergy, LLC ("LifeEnergy"), a new energy company focused on providing electricity, gas, mobile LNG, solar and distributed generation to residential and business customers throughout North America.
Funded by an affiliate of LS Power, a leading power generation, transmission and investment group, and managed by chairman and chief executive officer Zin Smati, LifeEnergy will be headquartered in Houston, with plans to expand nationally and then into Mexico and Canada. The company is actively building its team and assessing potential acquisitions across a variety of markets.
"The North American energy industry is in a state of transition. I believe strongly that there is a tremendous opportunity in the marketplace to build a nationally branded and scalable energy company focused on delivering a variety of products and services for both residential and business customers," said Mr. Smati. "With its entrepreneurial culture and track record of success, LS Power is exactly the type of partner that can help build LifeEnergy into a company admired by customers, partners and employees."
"We are very excited about the opportunity to partner with Zin on LifeEnergy," said Paul Segal, chief executive officer of LS Power. "Zin brings an enormous amount of energy sector knowledge and experience to the company and is widely known as an accomplished business builder and manager."
About Zin Smati
Mr. Smati is a senior executive and industry leader, bringing more than 25 years of U.S. and international general management experience in the energy sector. In addition to his role leading LifeEnergy, he also serves as a senior advisor to LS Power.
Until recently, Mr. Smati was the president and chief executive officer of GDF Suez Energy North America – a North American company and part of ENGIE, one of the world's leading energy groups – where he led all energy businesses in the U.S., Canada and Mexico, including Power Generation, LNG, Gas Distribution and Midstream, Marketing and Trading and Retail Energy. He served as chairman of the North American Executive, Risk and Investment committees, overseeing all energy investments in North America. Mr. Smati also participated in international investment decisions as a member of the International Investment Committee of ENGIE, and chaired a number of Boards of GDF SUEZ North America companies.
Prior to ENGIE, he was president and chief executive officer of BP Amoco Global Power, where he led all power generation activities worldwide.
LifeEnergy is a new competitive energy company focused on providing energy and other products and services to residential and business customers in North America. For more information, please visit www.LifeEnergy.com.
About LS Power
Founded in 1990, LS Power is an employee-owned, independent power company with offices in New York, New Jersey, Missouri, California and Texas. LS Power is a developer, owner, operator and investor in power generation and transmission infrastructure throughout the United States. Since inception, LS Power has developed, constructed, managed or acquired more than 30,000 MW of competitive power generation and over 500 miles of transmission infrastructure, for which it has raised over $30 billion in debt and equity financing. For more information, please visit www.LSPower.com.
SOURCE LS Power