Perennial Power, Inc
300 Madison Avenue , New York, New York, United States

Perennial Power, Inc. (Perennial) is part of the global portfolio of Sumitomo Corporation in the power business.  It was formed by Sumitomo to invest in independent power plants in North America.  Perennial owns, operates and manages power plants, leveraging the unique advantage of a globally integrated Japanese trading company with industry-oriented expertise, focusing on conventional and geothermal power generating technologies, as well as on enhancement of reliable power grids, including energy storage. To contribute to community development and local economies toward a sustainable society, Perennial supports key infrastructure in the local community through long term contribution and inclusive solutions to stakeholders using Sumitomo’s unique value proposition.  Sumitomo currently owns over 6GW power generation all over the world and looks for further expansion of its contribution to global economy.

Our objectives are as follows:

• Develop conventional power generation projects
• Acquire operating conventional power generation projects
• Own, operate, and maintain conventional power generation projects as both general partnership and limited partnership

We are actively seeking to develop, acquire, and operate quality power plants in North and Latin Americas. We are focusing on clean and efficient power generation technologies utilizing natural gas, coal and geothermal energy, while seeking ways to enhance the reliability of power grid, including energy storage.

Hermiston Generating Plant (HGP) is located in northeastern Oregon, nine miles south of the Columbia River. HGP is a 474 megawatt highly reliable modern natural gas fueled power plant that provides power for nearly 500,000 households in the Pacific Northwest. The plant also provides steam to Lamb-Weston's adjacent potato processing plant.

ABOUT SUMITOMO

Sumitomo is one of the largest and the oldest financial conglomerates in Japan. The history of Sumitomo dates back more than 400 years and its founding principles of integrity and sound management have been the guiding forces throughout its growth and evolution.  
Sumitomo Corporation (SC) is a leading global trading company with 110 locations in 66 countries and 23 locations in Japan.  The entire Sumitomo Corporation Group consists of nearly 900 companies and more than 70,000 personnel.  The SC business is continuously expanding into a diverse range of products and services.  Its core business units are Metal Products, Transportation & Construction Systems, Environment & Infrastructure, Media, Network, Lifestyle Related Goods & Services, Mineral Resources, Energy, and Chemical & Electronics.  Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has 10 offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services.  As an integrated business enterprise, the firm has emerged as a major organizer of multi-nation projects, an expediter of ideas, and important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide.  Sumitomo has expanded their business to include being an active investor and a solutions provider in areas including distribution, project management, supply chain management, technology transfer, trade and transportation.