NRG, Renew Home and Google Cloud Announce Partnership
NRG Energy Inc. (NYSE:
NRG) today announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP – enabled by Google Cloud technology – to improve the Texas grid's resiliency and help households manage and lower their energy costs.
NRG Announces Changes in Leadership
NRG Energy Inc. (NYSE:
NRG) today announced that Elizabeth Killinger has elected to retire from her role as Executive Vice President, NRG Home. Rasesh Patel has been named President, NRG Consumer, and will oversee the two separate business segments of Smart Home and Home Energy, effective immediately. Mrs. Killinger will remain with NRG as an advisor to the CEO until January 2025.
NRG Energy and City of Pittsburgh Extend Collaboration with Wind Power
NRG Energy Inc. (NYSE:
NRG) is pleased to announce the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium (WPEC), led by the City of Pittsburgh and its partner organizations.
NRG Provides Strategic Update and Announces New Capital Allocation Framework at 2023 Investor Day
NRG Energy Inc. (NYSE:
NRG) (“NRG” or the “Company”) today will host a virtual Investor Day during which management will provide an update on its consumer services strategy, as well as the Company’s new capital allocation framework and operating efficiency initiatives.
NRG and the City of Houston Join Forces to Plant 100,000 Trees Across the City
NRG Energy Inc. (NYSE:
NRG)— today announced it is working with the City of Houston and Trees For Houston to plant 100,000 trees at sites across the city. Supporting the City’s established plans to plant 4.6 million trees by the end of the decade, this project will add tens of thousands of trees to the Greater Houston area in the next year and a half.
NRG Releases 12th Annual Sustainability Report Highlighting Consistent Actions That Drive Stakeholder Value
NRG Energy Inc. (NYSE:
NRG), a leading energy and consumer services company, released today its 12th annual Sustainability Report, documenting the company’s progress in advancing its sustainability ambitions while serving its nearly 6 million customers with power, gas, and energy-related services.
NRG Closes 4.8 GW Asset Sale and Announces $1 Billion Share Repurchase Program
NRG Energy Inc. (NYSE:
NRG) has closed the previously announced sale of approximately 4,850 MWs of fossil generating assets from its East and West regions to Generation Bridge, an affiliate of ArcLight Capital Partners. At Closing, NRG received $620 million of net proceeds, after purchase price adjustments pursuant to the terms of the Purchase and Sale Agreement entered into on February 28, 2021. As previously disclosed, the transaction is leverage neutral with $500 million of the net proceeds allocated to deleveraging.
NRG Energy, Inc. to Host 2021 Investor Day
NRG Energy Inc. (NYSE:
NRG) today announced it will host an Investor Day, to be held virtually Thursday, June 17, 2021 at 09:00 AM Eastern Time. A live webcast of the event, including presentation materials, will be posted on NRG’s website at www.nrg.com under the ‘investors’ section. The event will be archived on the site for those unable to listen in real time.
