Enhances energy independence and provides
savings to Vermonters
Demonstrating Vermont's national importance as a model for our
energy future, Green Mountain Power and NRG Energy, Inc. (NRG)
today announced a partnership to deploy a series of new products
and services for Vermont businesses and residents. The partnership,
which ultimately will expand throughout Vermont, is part of an
effort to establish Rutland as the Energy City of the Future, and
positions the state as a leader in the movement toward
cost-effective sustainable energy solutions.
Beginning in early 2015, the partnership plans to bring
innovative clean energy products and services to Vermont, helping
customers manage energy use and save money.
Central to the effort will be the development of an advanced
distribution grid in Rutland. Leveraging NRG’s microgrid
capabilities, the two companies expect to transform the
distribution grid from a 100-year-old electric delivery model to a
market-based platform designed to create efficiencies and
distributed energy solutions through renewable technologies and
energy storage.
"This partnership is a really big deal for our customers and for
Vermont," said GMP President and CEO, Mary Powell. "Our partner NRG
Energy is a cutting edge leader in green energy solutions, and they
see in Vermont the same potential that we at GMP have recognized
for years. Our customers consistently tell us they want tools to
save money and move to renewable energy sources, and we can show
the rest of the country how to get there. This is what our energy
future looks like."
“Through this partnership, we hope to demonstrate that investing
in a 21st century energy eco-system that is more sustainable,
resilient, affordable and individually empowering for the people of
Vermont is more sensible than pouring more investment into the
creaky old grid infrastructure from the 20th century," said David
Crane, President and CEO of NRG. "In the course of so doing, we
will also prove that the concepts of 'electric utility',
'renewables' and 'personal choice' are not mutually exclusive."
Products and service offerings from the
new project include:
Personal Energy Management: Beginning in 2015, GMP will
offer Vermont customers a comprehensive personal energy management
solution — a multilevel home control and convenience offering.
Subscribing customers may be able to remotely manage energy
consumption in their homes to increase comfort and save money. GMP
may also offer NRG's web-based customer technology to provide
Vermonters clear insight into electricity use, allowing them to
make smarter choices. Customers may also be able to participate in
demand response, in which they voluntarily reduce their use of
electricity for specific periods in return for payments or credits
on their bill.
NRG Portable Power: GMP will offer NRG’s Portable Power
solution allowing customers to break free from the outlet and
charge their smartphones with an NRG Power Pack.
Electric Vehicle Infrastructure: GMP will work with NRG’s
eVgo division to develop and roll out an expanded, interconnected
network of electric vehicle charging stations throughout the state,
including several charging package options. Both “Level 2” and DC
Fast Chargers will be installed in commercial and workplace
locations.
Community Solar: In 2013, NRG Home Solar (formerly
Residential Solar Solutions) built one of the first third party
financed community solar arrays in the country. This array, in
Rutland, VT, provides 50 residents and businesses a credit on their
GMP bill for their portion of the solar energy produced by the
array. Customers pay a small monthly fee and are covered by a power
production guarantee. NRG is currently working on additional
projects in Vermont as part of the partnership with GMP.
Micro-power: GMP is working with NRG to offer micro
generation solutions to Vermonters, including NRG’s Beacon 10.
These units generate up to 10 kilowatts of electricity, provide
heat for water and space heating, and offer battery storage and
solar integration capability with onsite solar systems.
Microgrid: GMP has an ambitious vision for an energy
future that takes Rutland and ultimately Vermont beyond the legacy
grid system, supported by solar energy and new technology systems
that ensure reliable power. Leveraging NRG’s microgrid
capabilities, the two companies intend to transform the
distribution grid system to a market-based platform designed to
create efficiencies and distributed energy solutions.
"I'm proud to stand with GMP and NRG today to announce a
partnership that will help Vermont transform our energy future,”
said Governor Peter Shumlin. “We know the threat that climate
change presents our economy and our way of life, but with this
challenge comes opportunity. This partnership is exactly the type
of leadership we need to seize that opportunity and create a model
for the rest of the nation.”
“This partnership will bolster Rutland’s growth by reducing
residents’ costs and building on our clean-energy reputation,”
Rutland Mayor Chris Louras said. “Rutland has quickly become known
as a hotbed for renewable energy, and the aggressive introduction
of NRG’s and GMP’s innovative products and services will solidify
Rutland’s role as a national energy leader.”
For more information about this initiative and the products and
services offered, visit http://bit.ly/GMP-NRG.
About Green Mountain Power
Green Mountain Power (GMP) serves approximately 265,000
residential and business customers in Vermont and has a vision to
be the best small company in America by empowering customers to
save money and move to clean energy sources. GMP recognizes the
role of electric utilities is changing and is focused on a new way
of doing business to meet the needs of customers with integrated
services, while continuing to generate clean, cost-effective and
reliable power in Vermont. In 2014, Vote Solar named GMP a Solar
Champion. More information at: www.greenmountainpower.com.
Connect with GMP on Facebook and follow us on Twitter
@GreenMtnPower.
About NRG
NRG is leading customer-driven change in the U.S. energy
industry by delivering cleaner and smarter energy choices, while
building on the strength of the nation’s largest and most diverse
competitive power portfolio. A Fortune 250 company, 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.nrg.com. Connect with NRG Energy on
Facebook and follow us on Twitter @nrgenergy and @NRGMedia.
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. Forward-looking statements typically can be identified
by the use of words such as “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 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 and timing of our products and services. 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/20140902005893/en/
Media:NRGDavid Gaier, 609-524-4529orGreen Mountain PowerKristin
Carlson, 802-229-8200
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