NRG Energy Closes Strategic Acquisition of Personal Solar Products Market Leader
September 18 2014 - 8:00AM
Business Wire
- Acquisition of Goal Zero to help NRG empower
the modern mobile lifestyle with solar power and battery-pack
products -
NRG Energy, Inc. (NYSE: NRG) has completed its previously
announced acquisition of Goal Zero, bringing the rapidly growing
consumer products company and its suite of personal solar devices
into the NRG family.
"Every American deserves the right to experience the benefits of
solar power regardless of whether they own a roof suitable for
residential solar installation,” said David Crane, President and
CEO of NRG. "Goal Zero's line of solar and energy storage products
combine the best features of solar energy: a readily portable
energy source for our customers' mobile lifestyles, reliability
disconnected from the increasingly unreliable grid and, of course,
ready access to the sun's inexhaustible supply of free and clean
energy.”
In 2009, Robert Workman created Goal Zero after experiencing the
challenges associated with the lack of basic access to electricity
in developing countries. Goal Zero designs products that give users
the freedom to go anywhere, powering devices in a variety of
situations, from charging gear on a camping trip to running
essential equipment in a natural disaster.
“Being part of NRG empowers us to maximize the impact of our
founding mission to put reliable power in the hands of every human
on earth,” said Workman, founder and CEO of Goal Zero. “Uniting
Goal Zero with NRG builds on this common vision for the
future.”
The acquisition aligns with NRG’s mission to lead the market in
offering cleaner, smarter choices and sustainable lifestyle
solutions to all energy consumers across all regions of the
country.
"The acquisition of Goal Zero enables us to put power in
people's hands and deepens our relationship with our customers as
we enter an era of personal power. This is a time when consumers
increasingly take control over how their power is generated and how
much they use,” said Elizabeth Killinger, President of NRG Retail.
“With Goal Zero products, consumers are free, untethered and
powered wherever they go."
About NRG Energy
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.
About Goal Zero
Goal Zero is the industry leader for renewable and reliable
solar power. Born out of the desire to empower people everywhere,
Goal Zero's products are designed to give you the freedom to go
anywhere, regardless of battery life. From cell phones to
refrigerators, and everything in between, Goal Zero products keep
you connected and powered up in any situation. For more
information, visit www.goalzero.com.
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 Goal Zero 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 the retail
electricity markets, the volatility of energy and fuel prices,
failure of customers to perform under contracts and our ability to
achieve the expected benefits of the Goal Zero acquisition. 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.
Media contacts:NRG EnergyPat Hammond,
713-537-2157patricia.hammond@nrgenergy.comorGoal ZeroLisa Janssen,
888-794-6250, ext. 7081ljanssen@goalzero.comorInvestor
contacts:NRG EnergyChad Plotkin, 609-524-4526Daniel Keyes,
609-524-4527
NRG Energy (NYSE:NRG)
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