Algonquin Power & Utilities (NYSE:AQN) (NYSE: AQN) is a diversified owner, operator and developer of renewable energy and regulated utility assets, headquartered in Oakville, Ontario. The company’s core business activities include the development, acquisition and management of clean power generation facilities alongside the provision of essential utility services. Since its inception, Algonquin has focused on building a stable infrastructure platform designed to deliver long-term cash flows and reliable service to its end users.
In the renewable energy segment, Algonquin’s portfolio spans hydroelectric, onshore wind and solar power facilities located across Canada and the United States. The company is involved in every stage of the renewable lifecycle, from site identification and permitting through to construction, operation and maintenance. Its hydroelectric operations draw upon decades of engineering expertise, while wind and solar projects leverage both proprietary and partner technologies to maximize output and environmental performance.
Algonquin’s regulated utilities subsidiary provides electricity distribution, natural gas distribution and water/wastewater collection and treatment services to residential, commercial and industrial customers. Operating under a cost-of-service or rate-based regulatory model in multiple U.S. states and Canadian provinces, the utility business prioritizes reliability, safety and customer service. By investing in network resilience and smart-grid infrastructure, the company aims to support community growth and foster sustainable resource management.
Founded in 1988 as a hydroelectric income fund, Algonquin reorganized into a corporate structure in 2009 and has since expanded its footprint through strategic acquisitions and organic development. The company is led by President and Chief Executive Officer Arun Banskota, supported by a seasoned executive team responsible for finance, operations, development and regulatory affairs. With a commitment to sustainability and strong governance practices, Algonquin continues to pursue growth opportunities that align with global decarbonization trends and evolving energy needs.
