Hydropower companies play an essential role in generating renewable energy by harnessing the force of water. The industry accommodates a range of entities focusing on various scales of hydroelectric power generation, from large facilities to small, local plants. Companies not only produce electricity but also engage in community collaboration, ensuring environmental stewardship and sustainability. The growing demand for clean energy is pushing innovation and investment within hydropower technology, helping to address the pressing challenges of climate change, thus driving the industry toward modernization and expansion through new projects and infrastructure enhancements.

The list features 23 hydropower companies from various countries, showcasing a mix of sizes, operational scopes, and areas of expertise. These businesses, founded between 1912 and 2018, range from small teams to large organizations with thousands of employees. They focus on hydropower generation, as well as associated renewable energy sources like solar and wind. With locations from North America to Europe, these companies illustrate a commitment to sustainable energy solutions while catering to both local and global markets.

Continue reading to explore top hydropower companies.

Top 23 Hydropower Companies Companies

1. TIWAG-Tiroler Wasserkraft AG

• Website: tiwag.at
• Ownership type: Private
• Headquarters: Innsbruck, Tyrol, Austria
• Employee distribution: Austria 100%
• Founded year: 1924
• Headcount: 1001-5000
• LinkedIn: tiwag-tiroler-wasserkraft-ag

TIWAG-Tiroler Wasserkraft AG, based in Innsbruck, Tyrol, Austria, is a private energy provider specializing in the generation and distribution of electricity, with a strong emphasis on hydropower. Established in 1924, the company has developed a robust portfolio of hydropower plants that serve residential consumers, businesses, and municipalities across Tyrol. TIWAG is dedicated to providing sustainable energy solutions, which is evident in their range of services that also includes e-mobility solutions and photovoltaic systems. The company actively engages in energy consulting, helping clients optimize their energy use while promoting environmentally friendly practices. TIWAG's operations are entirely based in Austria, ensuring a localized approach to energy production and distribution. Their commitment to renewable energy and environmental stewardship positions them as a key player in the hydropower sector.

2. Helgeland Kraft AS

• Website: helgelandkraft.no
• Ownership type: Private
• Headquarters: Norway
• Employee distribution: Norway 100%
• Founded year: 1946
• Headcount: 201-500
• LinkedIn: helgelandskraft-as

Helgeland Kraft AS is a private energy company based in Norway, founded in 1946. It specializes in renewable energy production and electricity distribution, primarily serving households and businesses in the Helgeland region. The company operates 16 hydropower plants, contributing significantly to the local energy supply. Helgeland Kraft is committed to sustainable energy solutions and is currently developing two new hydropower projects, showcasing its ongoing investment in renewable energy infrastructure. The company also emphasizes community engagement and environmental responsibility, making it a key player in the region's energy landscape.

3. Eagle Creek Renewable Energy LLC

• Website: eaglecreekre.com
• Ownership type: Corporate
• Headquarters: Bethesda, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: August 2018
• Founded year: 2010
• Headcount: 201-500
• LinkedIn: eagle-creek-renewable-energy-llc

Eagle Creek Renewable Energy LLC, based in Bethesda, Maryland, is a corporate entity specializing in hydroelectric power generation. Established in 2010, the company operates 85 hydroelectric facilities across the United States, generating approximately 691 megawatts of capacity. This output translates to nearly 2.7 billion kilowatt-hours of clean electricity annually, enough to power over 260,000 homes. Eagle Creek emphasizes environmental stewardship, providing recreational opportunities, and maintaining compliance with regulatory standards. The company is a wholly-owned subsidiary of Ontario Power Generation, which further solidifies its position in the renewable energy market. Eagle Creek's strategy includes acquiring, enhancing, and operating small hydroelectric facilities, showcasing their commitment to improving energy production and sustainability in the sector.

4. Agder Energi AS

• Website: ae.no
• Ownership type: Private
• Headquarters: Kristiansand, Agder, Norway
• Employee distribution: Norway 93%, Germany 7%
• Founded year: 2005
• Headcount: 1001-5000
• LinkedIn: agder-energi-as

Agder Energi AS, founded in 2005 and based in Kristiansand, Norway, is a private energy company dedicated to renewable energy solutions. The company specializes in hydropower, solar power, and wind energy, providing electricity, heat, and energy management services to both consumers and businesses. With a workforce of approximately 242 employees, Agder Energi aims to promote sustainable energy use and efficiency. The company operates primarily in Norway, where it has a strong commitment to increasing the production of renewable energy, particularly through its hydropower initiatives. Agder Energi's focus on hydropower is underscored by its historical involvement in the sector, which has been a cornerstone of its operations for over a century. This long-standing expertise positions the company as a relevant player in the hydropower industry.

5. Idaho Power

• Website: idahopower.com
• Ownership type: Private
• Headquarters: Boise, Idaho, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1916
• Headcount: 1001-5000
• LinkedIn: idaho-power-company

Idaho Power Company, founded in 1916 and based in Boise, Idaho, is a private regulated electric utility that provides electricity generation, transmission, and distribution services to residential and commercial customers in eastern Oregon and southern Idaho. The company operates several hydroelectric dams, which are a key component of its energy generation portfolio. Idaho Power emphasizes reliable energy delivery and actively engages in energy efficiency programs. The company is also involved in environmental conservation efforts, particularly in relation to aquatic life and the preservation of local ecosystems. With a workforce of approximately 1,457 employees, Idaho Power is committed to supporting its communities and promoting sustainable energy practices.

6. Innogy Renewables UK Ltd

• Website: innogy.com
• Ownership type: Venture Capital
• Headquarters: United States (USA)
• Latest funding: Seed, April 2016
• Founded year: 2008
• Headcount: 501-1000
• LinkedIn: rwe-npower-renewables-ltd

Innogy Renewables UK Ltd is an energy company that specializes in the generation of renewable energy and the distribution of electricity. Founded in 2008, the company operates primarily in the United Kingdom and is a subsidiary of Innogy SE. It focuses on generating power from various renewable sources, including wind, solar, and hydropower. Innogy Renewables UK Ltd serves both businesses and consumers, providing essential energy services to meet their electricity needs. The company is committed to advancing the transition to a low-carbon economy and plays a role in the UK's efforts to increase renewable energy capacity. Although it has not reported any recent funding, its operations reflect a significant investment in sustainable energy solutions.

7. FirstLight Power

• Website: firstlightpower.com
• Ownership type: Private
• Headquarters: United States (USA)
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: firstlight-power-resources-inc-

FirstLight Power is a private clean energy provider based in the United States, founded in 2016. The company specializes in renewable energy production and energy storage solutions, operating a portfolio that includes hydroelectric, solar, and battery storage projects. FirstLight Power manages over 1.6 GW of clean energy assets across the Northeast, Ontario, and Québec, with a development pipeline exceeding 4 GW. Their hydroelectric facilities, such as the Northfield Mountain Pumped Hydro Storage Station, play a crucial role in energy storage and management, helping to balance supply and demand in the grid. The company is dedicated to combating climate change and promoting environmental stewardship, actively engaging in community support and recreational opportunities at their sites. FirstLight Power is also involved in the relicensing of key projects, ensuring compliance with regulatory standards while enhancing their operational capabilities.

8. Nam Theun 2

• Website: namtheun2.com
• Ownership type: Private
• Headquarters: Vientiane, Vientiane, Laos
• Employee distribution: Laos 96%, India 4%
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: ntpc---nam-theun-2-power-company

Nam Theun 2 Power Company Limited (NTPC) is a private hydropower company based in Vientiane, Laos. Founded in 2002, it operates the Nam Theun 2 Hydroelectric Project, which was the largest infrastructure project in Laos at its inception. The company is a joint venture involving the state-owned Lao Holding State Enterprise and private shareholders, including EDF Nam Theun Holding and Electricity Generating Public Company Limited. NTPC focuses on generating electricity sustainably while also enhancing the quality of life for local communities. The company has implemented various initiatives to manage social and environmental impacts, ensuring that its operations align with international standards for quality and safety. With a workforce of around 216 employees, Nam Theun 2 is committed to developing local talent and contributing to the economic growth of Laos.

9. Skagerak Energi AS

• Website: skagerakenergi.no
• Ownership type: Private
• Headquarters: Porsgrunn, Telemark, Norway
• Employee distribution: Norway 100%
• Founded year: 1912
• Headcount: 501-1000
• LinkedIn: skagerak-energi

Skagerak Energi AS, based in Porsgrunn, Telemark, Norway, is a private utility company founded in 1912. With approximately 600 employees, it serves around 176,000 grid customers, providing reliable energy solutions for both residential and commercial needs. The company is deeply committed to sustainability and innovation, operating numerous hydroelectric power plants that form the backbone of its energy production. Skagerak Energi is focused on enhancing its hydropower capabilities, aiming to become the best in Norway at optimizing water power. Their strategy includes increasing production where potential exists and upgrading existing facilities to expand capacity. In addition to hydropower, Skagerak Energi is also involved in other renewable energy initiatives, including solar and wind energy, showcasing a comprehensive approach to energy solutions.

10. Represas Patagonia

• Website: represaspatagonia.com.ar
• Ownership type: Private
• Headquarters: El Calafate, Santa Cruz, Argentina
• Employee distribution: Argentina 99%
• Founded year: 2013
• Headcount: 1001-5000
• LinkedIn: represas-patagonia

Represas Patagonia is a private construction and energy company based in El Calafate, Santa Cruz, Argentina. Founded in 2013, the company specializes in the development of hydroelectric power generation. It is responsible for the construction, operation, and maintenance of the Néstor Kirchner and Jorge Cepernic dams on the Santa Cruz River. These projects are pivotal for generating renewable energy, with an annual average generation capacity of 5,246 GWh, enough to power approximately 2 million households. The company collaborates with experienced partners, including the China Gezhouba Group Corporation, Eling Energía S.A., and Hidrocuyo, to ensure the successful execution of these large-scale infrastructure projects. Represas Patagonia is committed to environmental standards and community engagement, aiming to bolster regional economies through energy availability and job creation.

11. Hidroelectrica

• Website: hidroelectrica.ro
• Ownership type: Private
• Headquarters: Bucharest, Bucharest, Romania
• Employee distribution: Romania 100%
• Founded year: 2000
• Headcount: 1001-5000
• LinkedIn: hidroelectrica-s-a

Hidroelectrica, based in Bucharest, Romania, is an energy company that specializes in hydroelectric power generation. Founded in 2000, the company plays a crucial role in Romania's energy landscape, providing electricity to both residential and business customers. With a workforce of over 500 employees, Hidroelectrica is dedicated to ensuring a reliable energy supply while producing a significant portion of the country's electricity. The company is actively involved in various projects aimed at modernizing its infrastructure, such as the recent investment of over 188 million euros for the retechnology of the Vidraru Hydroelectric Plant. This commitment to innovation and sustainability positions Hidroelectrica as a key player in the hydropower sector, contributing to Romania's energy independence and environmental goals.

12. Eviny

• Website: eviny.no
• Ownership type: Private
• Headquarters: United States (USA)
• Employee distribution: Norway 100%
• Founded year: 1920
• Headcount: 1001-5000
• LinkedIn: eviny

Eviny AS is a Norwegian energy company that specializes in renewable energy production and distribution. Founded in 1920, the company has established itself as a key player in the energy sector, particularly in hydropower, which remains central to its operations. Eviny operates 39 hydropower plants, contributing significantly to the renewable energy landscape in Norway. In addition to hydropower, the company is expanding its focus to include wind energy, having acquired wind farms such as Guleslettene and Tellenes. Eviny also provides various services, including energy consulting and telecommunications, catering to both businesses and consumers. With a workforce of over 1,300 employees, Eviny is committed to sustainable energy solutions and aims to enhance its renewable energy production in the coming years.

13. Druk Green

• Website: drukgreen.bt
• Ownership type: Private
• Headquarters: Thimphu, Thimphu, Bhutan
• Employee distribution: Bhutan 100%
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn: druk-green

Druk Green Power Corporation Limited, based in Thimphu, Bhutan, is a private energy company founded in 2008. It specializes in renewable energy generation, with a primary focus on hydropower and solar energy. The company plays a crucial role in supplying electricity to consumers and businesses across Bhutan, contributing significantly to the nation's economic growth and energy security. Druk Green operates several hydropower plants, including the notable Tala and Mangdechhu plants, and has an installed capacity of 2,450 MW. In addition to energy generation, the company is involved in manufacturing hydropower components and providing various engineering services. Druk Green is committed to sustainable practices and aims to expand its hydropower capacity further, aligning with Bhutan's ambitious energy development roadmap.

14. Landsvirkjun

• Website: landsvirkjun.com
• Ownership type: Private
• Headquarters: Reykjavík, Reykjavíkurborg, Iceland
• Employee distribution: Iceland 99%
• Founded year: 1965
• Headcount: 201-500
• LinkedIn: landsvirkjun

Landsvirkjun, established in 1965, is an electric utility company based in Reykjavík, Iceland. It specializes in generating electricity from renewable resources, with a strong focus on hydropower, geothermal, and wind energy. The company operates fifteen hydropower stations, which account for about 92% of its electricity production. Landsvirkjun primarily serves power-intensive industries, offering long-term contracts that ensure stable and reliable electricity supply. The company is dedicated to sustainability, aiming to become carbon neutral by 2025. It actively engages in innovation within the energy sector, collaborating with various stakeholders to enhance the efficient use of renewable resources. Landsvirkjun's operations reflect a commitment to minimizing environmental impact while maximizing resource utilization.

15. Valorem

• Website: valorem-energie.com
• Ownership type: Venture Capital
• Headquarters: Bègles, Nouvelle-Aquitaine, France
• Employee distribution: France 89%, Finland 5%, Greece 2%, Other 3%
• Latest funding: Other (Debt), $223.1M, February 2022
• Founded year: 1994
• Headcount: 201-500
• LinkedIn: valorem_2

Valorem, founded in 1994 and based in Bègles, Nouvelle-Aquitaine, France, is a renewable energy company that specializes in the development and production of various renewable energy sources, including solar, wind, and hydroelectric power. With a workforce of approximately 491 employees, Valorem operates across multiple European countries, including France, Finland, Greece, and Poland. The company is committed to reducing carbon emissions and promoting energy independence through sustainable energy solutions. Valorem has developed small hydroelectric plants, contributing to their portfolio of renewable energy projects. In 2022, they secured significant funding of over 223 million euros, which underscores their growth ambitions and capacity to expand their operations in the renewable energy sector. Valorem's integrated approach encompasses project development, construction, and maintenance, ensuring they maintain a strong presence in the hydropower industry.

16. Uganda Electricity Generation Company Ltd

• Website: uegcl.com
• Ownership type: Private
• Headquarters: Kampala, Central Region, Uganda
• Employee distribution: Uganda 100%
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: uegclofficial

Uganda Electricity Generation Company Ltd (UEGCL) is a private electric power generation company based in Kampala, Uganda. Established in 2001, UEGCL was formed to operate and maintain the generation stations previously managed by the Uganda Electricity Board. The company plays a crucial role in the energy sector, focusing on hydropower generation. UEGCL operates several key power stations, including the Karuma Hydropower Station, which has a capacity of 600 MW, and the Isimba Hydropower Station. In addition to power generation, UEGCL offers professional consulting, project management, and training services in hydropower systems. The company is committed to addressing energy supply challenges in Uganda and the surrounding region, contributing to socio-economic development through reliable electricity provision.

17. Glitre Energi

• Website: glitreenergi.no
• Ownership type: Private
• Headquarters: Drammen, Buskerud, Norway
• Employee distribution: Norway 100%
• Founded year: 1999
• Headcount: 201-500
• LinkedIn: glitre-energi

Glitre Energi, now known as Å Energi, is an energy company based in Drammen, Buskerud, Norway, founded in 1999. The company specializes in renewable energy solutions, prominently featuring hydropower as a key area of focus. Å Energi provides electricity, heating, and energy management services to both consumers and businesses, emphasizing sustainable energy use and efficiency. With a workforce of approximately 201-500 employees, the company is dedicated to expanding its renewable energy production capabilities, particularly in hydropower, which has been a cornerstone of its operations for over a century. Å Energi is committed to promoting innovative technologies and sustainable practices in its projects, ensuring that it remains relevant in the evolving energy market.

18. CleanCo Queensland

• Website: cleancoqueensland.com.au
• Ownership type: Private
• Headquarters: Brisbane, Queensland, Australia
• Employee distribution: Australia 100%
• Founded year: 2018
• Headcount: 201-500
• LinkedIn: cleancoqld

CleanCo Queensland is an energy provider based in Brisbane, Queensland, Australia, founded in 2018. The company focuses on renewable energy solutions, particularly in hydroelectric power generation. CleanCo operates several hydroelectric facilities, including the Barron Gorge Power Station, Kareeya Power Station, and the Wivenhoe Pumped Storage Power Station, which is notable for being the only pumped storage facility in Queensland. With a workforce of approximately 279 employees, CleanCo caters primarily to large businesses in Queensland, assisting them in achieving sustainability goals and reducing emissions through tailored energy solutions and power purchase agreements. Their operations are guided by a commitment to sustainability, community engagement, and responsible environmental practices, making them a significant player in the renewable energy sector.

19. Nte

• Website: nte.no
• Ownership type: Private
• Headquarters: Steinkjer, Trøndelag, Norway
• Employee distribution: Norway 98%, Other 2%
• Founded year: 1919
• Headcount: 501-1000
• LinkedIn: nte---gr%c3%b8nt-forsprang

Nord-Trøndelag Elektrisitetsverk Holding AS (NTE) is a private energy company based in Steinkjer, Trøndelag, Norway. Established in 1919, NTE specializes in renewable energy production, with a strong emphasis on hydropower and wind power. The company serves a broad customer base, including both businesses and consumers, providing energy and installation services. NTE is dedicated to sustainable energy solutions and plays a crucial role in the energy landscape of the Trøndelag region. Their operations in hydropower are particularly noteworthy, as they contribute significantly to the local energy supply while promoting environmentally friendly practices. NTE's workforce consists of approximately 495 employees, primarily based in Norway, reflecting their commitment to local engagement and expertise in the energy sector.

20. Ringerikskraft

• Website: ringerikskraft.no
• Ownership type: Private
• Headquarters: Åmot, Buskerud, Norway
• Employee distribution: Norway 100%
• Founded year: 1912
• Headcount: 51-200
• LinkedIn: ringerikskraft

Ringerikskraft, based in Åmot, Buskerud, Norway, is a private energy company that specializes in renewable energy production and distribution. Established in 1912, the company has a rich history in the energy sector, with a primary focus on hydropower generation. Ringerikskraft operates nine hydropower plants, contributing to the production of renewable energy in the region. In addition to hydropower, the company provides electricity distribution, heating solutions, and electric vehicle charging infrastructure. Their customer base includes residential, commercial, and industrial clients in the Ringerike area, who rely on Ringerikskraft for sustainable energy solutions. The company is committed to responsible business practices and actively engages in community support, reflecting its role as a cornerstone of the local energy landscape.

21. SHEM Société Hydro-Electrique du Midi

• Website: shem.fr
• Ownership type: Private
• Headquarters: Balma, Occitanie, France
• Employee distribution: France 100%
• Founded year: 1929
• Headcount: 201-500
• LinkedIn: shem-gdf-suez-group

SHEM Société Hydro-Electrique du Midi, based in Balma, Occitanie, France, is a private electric utility company specializing in hydroelectric power generation. Founded in 1929, SHEM operates primarily in the southwestern regions of France, where it manages 56 hydroelectric plants and 12 major dams. The company is recognized as the third-largest hydroelectric producer in France, generating 100% of its electricity from renewable sources. With a total installed capacity of 783 MW, SHEM produces an average of 1,680 GWh of clean energy annually, enough to power approximately one million residents. The company is committed to maintaining and modernizing its facilities, ensuring they operate safely and efficiently. Additionally, SHEM plays a vital role in water management, supporting agricultural irrigation and ecological balance in local waterways. Their dedication to corporate social responsibility is evident through certifications such as ISO 14001 and ISO 45001, reflecting their commitment to environmental and social governance.

22. IWPC, Iran Water & Power Resources Development Company

• Website: iwpco.ir
• Ownership type: Private
• Headquarters: Tehran, Tehran, Iran
• Employee distribution: Iran 100%
• Founded year: 1989
• Headcount: 501-1000
• LinkedIn: iwpco-iran-water-%26-power-resources-development-company

IWPC, or Iran Water & Power Resources Development Company, is a private entity based in Tehran, Iran, established in 1989. The company specializes in the management of water resources and the generation of hydroelectric power. With a workforce of approximately 310 employees, IWPC plays a crucial role in addressing the pressing issues of water scarcity and energy demands in Iran. The company has been involved in several significant hydropower projects, including the Karun 3 and Karun 4 dams, which are vital for the country's energy infrastructure. IWPC collaborates with government bodies and agricultural sectors, providing essential services that enhance water management and energy production. Their ongoing projects and studies reflect a commitment to sustainable development and innovation in the hydropower sector.

23. BluEarth Renewables

• Website: bluearthrenewables.com
• Ownership type: Private Equity
• Headquarters: Calgary, Alberta, Canada
• Employee distribution: Canada 95%, United States (USA) 5%
• Latest funding: $81.0M, November 2014
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: bluearth-renewables-inc-

BluEarth Renewables, founded in 2010 and based in Calgary, Alberta, is a private equity-backed renewable energy company. With a workforce of approximately 155 employees, BluEarth focuses on generating clean energy through wind, solar, and hydroelectric power. The company serves utility companies and municipalities, managing energy projects from development to operation. BluEarth's commitment to sustainability is reflected in its extensive portfolio, which includes over 1 GW of operational capacity and more than 7 GW of projects in development. Notably, BluEarth has made strides in hydropower, acquiring and operating several hydro facilities, such as the Culliton Creek Hydro Facility and the Narrows Inlet Hydro Project. Their approach emphasizes community involvement and environmental stewardship, as seen in their partnerships with Indigenous communities. In 2014, BluEarth secured $81 million in funding, which has likely supported their growth and project development efforts.

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