NRG Begins Deployment of More than 60 Megawatts of Commercial and Industrial Preferred Resource Programs in Southern California
Programs to lower customer costs, provide greater reliability and
HOUSTON, Texas--(BUSINESS WIRE)--Apr. 12, 2017--
NRG Energy (NYSE: NRG) launched new offers for commercial and industrial
customers to take advantage of more than 60 MWs of Preferred Resources
under contracts executed with Southern California Edison® (SCE). Through
three new programs, NRG and its partners can provide SCE customers with
innovative, cost saving commercial and industrial products and services.
These products and services are expected to reduce energy consumption
and emissions during peak hours and enhance the reliability of
individual facilities, as well as the overall power grid in Southern
"The partnerships with SCE, local businesses and our technology
providers are designed to provide cost savings and enhance electric grid
reliability as we help California meet its aggressive emission reduction
goals through cleaner energy," said John Chillemi, Executive Vice
President of Development for NRG Energy. "Aligning smart business
decisions with smart environment choices is part of NRG's larger effort
to develop new and optimize existing resources to provide more
sustainable and reliable electricity services to customers across
Through the NRG Ice Bear® Program, NRG will work with commercial and
industrial customers to host Ice Bears, an ice battery for 3 to 20 ton
commercial air conditioning units. Ice Bears freeze water overnight when
energy demands are traditionally at their lowest. During the day, the
Ice Bears use the ice to cool the air, eliminating the need for
power-hungry air conditioner compressors and providing a unique solution
to the problem of peak load management. The result is a more efficient
and reliable power grid that more effectively leverages and integrates
renewables. In total, the NRG-Ice Bear® Program is designed to provide
more than 25 MWs of peak demand reduction.
"Ice Energy appreciates the opportunity to partner with NRG to help
improve the grid in the Southern California service area through a
solution that will save ratepayers money while reducing CO2 emissions
over the life of the project," said Mike Hopkins, CEO of Ice Energy. "It
is also a great opportunity for participating commercial and industrial
customers to lower utility bills and replace aging HVAC units with new,
energy efficient ones."
The City of Tustin, CA, located in Central Orange County, is under
contract to take advantage of this offering. The municipality will
receive 12 Ice Bears at facilities across the city, generating
significant cost savings for the near and long term.
In addition to the NRG Ice Bear Program, NRG is launching its NRG
Lockheed Martin Energy Efficiency Program. Through this program, NRG and
Lockheed Martin Energy will offer a number of energy solutions that
encompass commercial HVAC, industrial refrigeration, process cooling,
compressors, and lighting to SCE commercial and industrial customers.
This program is expected to help commercial and industrial customers
reduce energy usage, costs and air emissions as well as strengthen grid
reliability through peak demand reduction. In total, the NRG-Lockheed
Martin Energy Efficiency Program is designed to provide 30 MWs of peak
"Lockheed Martin Energy is delighted to partner with NRG in the delivery
of commercial and industrial energy efficiency projects that will
provide capacity resources and grid reliability for Southern California
Edison," said Roger Flanagan, Managing Director, Lockheed Martin Energy.
Lockheed Martin Energy is a line of business within Lockheed Martin that
delivers distributed energy solutions to commercial, utility and
To optimize the sales process for new distributed energy solutions like
these, NRG developed and utilized the SpaceTagTM platform, a
patent-pending geospatial analytics software platform. Using technology
built in-house, the platform determines the compatibility of different
buildings across a target region for distributed energy products by
harvesting, synthesizing and analyzing data for business locations. The
platform enables the NRG team to automatically identify the best
solutions for each customer, making the potential customer
identification and acquisition process more accurate and efficient.
Finally, NRG launched a demand response program for commercial and
industrial customers allowing large electricity consumers to make money
while improving grid reliability. Through this program, NRG will offer
demand response services to customers that are willing to participate in
curtailment during peak events and in return, earn an attractive
incentive payment. This NRG demand response program is designed to
reduce 5 MWs of peak load.
"NRG has long been a part of empowering California through solar and
wind as well as fast-start, flexible and efficient generation that
enables additional renewable power to be added to the grid," added
Chillemi. "Bringing innovative options to the table such as the products
offered under these Preferred Resources contracts are an exciting
addition to our collaborative effort to help California achieve a more
sustainable energy future."
About Ice Energy
Ice Energy is a leading energy storage provider for the grid. Its Ice
Bear units deliver behind-the-meter ice battery storage for HVAC systems
in commercial, industrial and residential applications, and now
commercial refrigeration, providing peak capacity to over 40 utility
service territories nationwide. With contracts to deliver 25.6 MW of
storage to SCE in partnership with NRG Energy; 5 MW in Riverside, CA; 6
MW in Redding, CA; and an additional 450+ MW in the sales pipeline, the
company is expanding quickly in the U.S. and internationally. For more
information, visit www.ice-energy.com.
About Lockheed Martin Energy
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 97,000 people worldwide and is principally engaged in
the research, design, development, manufacture, integration and sustainment of advanced
technology systems, products and services.
Lockheed Martin Energy is a line of business within Lockheed Martin that delivers distributed
energy solutions to commercial, utility and government customers.
NRG is the leading integrated power company in the U.S., built on the
strength of the nation's largest and most diverse competitive electric
generation portfolio and leading retail electricity platform. A Fortune
200 company, NRG creates value through best in class operations,
reliable and efficient electric generation, and a retail platform
serving residential and commercial customers. Working with electricity
customers, large and small, we continually innovate, embrace and
implement sustainable solutions for producing and managing energy. We
aim to be pioneers in developing smarter energy choices and delivering
exceptional service as 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.
This communication contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements may state NRG's
or its management's intentions, beliefs, expectations or predictions for
the future. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions. 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, risks
and uncertainties associated with NRG's business, economic and
competitive factors, the capital markets and other risks detailed in
NRG's filings with the Securities and Exchange Commission. NRG assumes
no obligation to update any forward-looking information contained in
this press release or with respect to the announcements described herein.
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Source: NRG Energy
Ryan M. Wallace, 609-524-4525