Palm Energy, LLC to utilize its Virtual Utility®
IQ to provide Reliability and Energy Cost Savings.
BONITA
SPRINGS, Fla., May 20, 2022
/PRNewswire/ -- Palm Energy, LLC ("Palm"), a provider of
comprehensive energy solutions and services has announced the
acquisition of several Behind the Meter (BTM) solutions from NRG
Energy, Inc. (NYSE: NRG), the leading integrated power company in
the United States. The acquired
portfolio includes approximately 15 MWs of commercial and
industrial customers located in PJM and New England which will
increase Palm Energy's managed MWs in those markets. Palm Energy
will own, operate, maintain, and optimize the microgrids to reduce
energy costs while providing reliability to the customers and the
grid.
"Palm's ability to leverage assets in the energy market on
behalf of our customers is unmatched," states Palm Energy's
Co-Founder and President, Steven
Moffitt. "We are able to reduce the customer's energy cost
while at the same time provide resiliency. We do this by
participating in market programs across North America, managing power and gas supply
agreements, and verifying operational and financial performance
through our Virtual Utility®IQ platform."
Palm Energy brings to market a single-source solution for our
customer's complete energy needs by optimizing BTM assets through
its 24/7 Network Operations Center (NOC) and Virtual Utility® IQ
platform. Palm also utilizes parent company, e2 Companies' Patented
R3Di® ("Ready") System to provide resiliency and reliability to
utilities and C&I customers through an ESG offering that
combines safe and reliable fast-discharge batteries with ultra-low
emission continuous rated natural gas engines that are ready for
Renewable Natural Gas or can be modified to utilize Hydrogen
blends.
"The NRG asset acquisition is a great affirmation of Palm
Energy's influence and ability to optimize BTM solutions, reduce
energy costs, and provide sorely needed reliability to our
customers, and the grid alike. This transaction is a big step in
Palm Energy's growth and ability to stabilize an increasingly taxed
grid," says James Richmond,
President and CEO of e2 Companies.
Mr. Moffitt states, "A combined offering of Palm's services
coupled with e2's Patented R3Di®, and technical services can unlock
more than just energy savings. Our R3Di® technology provides
customers with turnkey reliability while enabling the transition to
a zero-carbon future."
About Palm Energy, LLC and e2 Companies, LLC
Together, Palm Energy and e2 Companies utilize the Virtual
Utility®IQ to provide comprehensive energy solutions and services
to businesses with a primary focus on solving customers' most
challenging reliability and energy management needs. e2 Companies
have developed a full range of products and services, from simple
catalyst systems and Best Available Control Technology (BACT) to
complete essential primary and emergency power systems. Palm Energy
and the e2 Companies are the first vertically integrated
Distributed Generation firm and are headquartered in Bonita Springs, FL.
To learn more about Palm Energy and e2 Companies, visit
www.palmenergyllc.com and www.e2companies.com or follow via social
media @palmenergyllc and @e2companies.
Contact:
Poornima Swaminathan
Spotlight Marketing Communications
949.427.1392
Poornima@spotlightmarcom.com
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SOURCE E2