ADDING MULTIMEDIA InventivEnergy and NRG Energy Services Partner to Restart the Aspen Power Biomass Plant
June 19 2014 - 3:35PM
Business Wire
Renewable power plant can help meet growing
demand for clean energy this summer
InventivEnergy, LLC has selected NRG Energy Services LLC, a
wholly-owned subsidiary of NRG Energy Inc., (NYSE:NRG), to restart
the Aspen Power biomass plant in Lufkin, Texas, and operate and
maintain the facility once online to provide clean, renewable power
for the Texas market. InventivEnergy is an asset management firm
that is overseeing the plant, which first began operation in August
2011 as the first wood-based biomass power plant in the state.
The Aspen power plant uses locally
sourced clean wood-waste biomass as its fuel supply. The plant is
managed by InventivEnergy and will be operated by NRG ENergy
Services. (Photo: Business Wire)
The Aspen power plant has the capacity to deliver approximately
50 MW to the grid and uses locally sourced clean wood-waste biomass
as its fuel supply. The plant employs a stoker type boiler with
particulate emissions abatement and has selective catalytic
reduction for NOx control.
Work to restart the facility began in mid-May and commercial
operations are expected to be achieved by late July. NRG is in the
process of hiring the site management team and operating staff,
according to Don Poe, president, NRG Energy Services.
“The Aspen Power facility was shut down in the fall of 2012 due
to market economics. Since then, our projections show an attractive
opportunity for the plant to resume operations and provide
competitively-priced clean energy to the Texas market,” said John
R. Keller, CEO & Founder of InventivEnergy. “We are very
excited to team-up with NRG in bringing Aspen back on-line and
combining its top-tier O&M capabilities with InventivEnergy’s
proven expertise in power plant asset management, value enhancement
and optimization.”
“NRG Energy Services has exceptional experience in renewable
energy and fossil fuel generating station operations, and we look
forward to working with InventivEnergy and bringing this expertise
to the Aspen Power plant,” said Poe.
Aspen Power LLC commissioned the plant in August 2011. It can
consume about 525,000 tons of logging debris and municipal wood
waste per year. It was the first major wood biomass power plant in
the state.
In addition to the Aspen Power plant, NRG Energy Services also
operates renewable and conventional energy facilities in several
states.
About InventivEnergy
InventivEnergy, LLC is a leading clean energy sector consulting
and asset management firm specializing in power generation
development, power plant asset management, valuation and value
enhancement, market risk mitigation, troubled facility turnaround
and power asset optimization. Power plant owners rely on
InventivEnergy to apply its experience in every aspect of a power
generation project with proven success in enhancing profitability
and maximizing investor value. Investors in power generation assets
trust InventivEnergy to manage their commercial power businesses
with a deep commitment to achieving targeted returns and enhancing
the commercial enterprise in the areas of power marketing, fuel
supply, O&M, technology, contract negotiation, risk management,
M&A and revenue/cost optimization. More information about
InventivEnergy is available at www.inventivenergy.com. Follow
InventivEnergy on Twitter @inventivenergy and on LinkedIn.
About NRG Energy Services LLC and NRG Energy
NRG Energy Services provides nationwide services to operate,
maintain and repair electric-generation facilities. Our
capabilities range from minor repairs to complete overhauls. NRG
Energy Services LLC delivers customized operations and maintenance
solutions to help owners of simple cycle, combined cycle, steam
turbine, and combined heat and power facilities as well as wind,
solar PV and solar thermal projects achieve exceptional operational
performance and system reliability. A Fortune 250 company, NRG
Energy Inc. owns and operates the nation’s largest and most diverse
competitive power portfolio. We create value through reliable and
efficient conventional generation while driving innovation in solar
and renewable power, electric vehicle ecosystems, carbon capture
technology and customer-centric energy solutions. Our retail
electricity providers serve almost 3 million residential and
commercial customers throughout the country. More information is
available at www.nrgenergy.com. Connect with NRG Energy on Facebook
and follow us on Twitter @nrgenergy.
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements are subject to certain risks, uncertainties and
assumptions and include NRG’s expectations regarding the Aspen
Power biomass plant and forward-looking statements typically can be
identified by the use of words such as “will,” “expect,” “believe,”
and similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, general economic
conditions, hazards customary in the power industry, competition in
wholesale and retail power markets, the volatility of energy and
fuel prices, failure of customers to perform under contracts,
changes in the wholesale power markets, changes in government
regulation of markets and of environmental emissions, and our
ability to achieve the expected benefits of the announced
acquisitions. NRG undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that
could cause NRG’s actual results to differ materially from those
contemplated in the forward-looking statements included in this
news release should be considered in connection with information
regarding risks and uncertainties that may affect NRG’s future
results included in NRG’s filings with the Securities and Exchange
Commission at www.sec.gov.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140619006288/en/
Media:NRG EnergyDavid Knox,
832-357-5730david.knox@nrgenergy.comorInventivEnergyGreg Owens,
201-706-7895greg.owens@inventivenergy.com
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