New Plan Brings Sustainability and Simplicity with Fixed-Price
Renewable Energy at Sites Across Texas
HOUSTON--(BUSINESS WIRE)--Jun. 12, 2018--
Cypress Creek Renewables, one of the largest integrated solar energy
companies in the U.S., and NRG Energy, Inc. (NYSE:NRG) announced today a
joint project where Cypress Creek will develop and operate 25 megawatts
of solar projects for NRG to support commercial and industrial
customers. The environmentally friendly solar installations will be the
foundation of a new type of simplified fixed-price renewable energy plan
for large businesses, adding an innovative dimension to a proven product
structure.
Under the new plan from NRG, customers receive dedicated, locally
sourced renewable energy with flexible options that best meet a
company’s business, sustainability and procurement needs. The plan
features variable term lengths, the ability to procure up to 100 percent
of a customer’s electricity usage from a renewable resource and naming
rights to the designated facility. Cypress Creek will own and operate
the facilities and deliver the electricity generated to NRG and its
customers under power purchase agreements.
Cypress Creek has a portfolio of more than seven gigawatts of solar
projects in development across the country. Additionally, the company
offers an experienced in-house Engineering, Procurement and Construction
team and a national Operations and Maintenance program. NRG’s financial
strength and energy industry expertise accelerate speed to market and
help manage the risk associated with electricity production, to deliver
a comprehensive, easy-to-tailor renewable energy plan to its commercial
and industrial customers. By working with Cypress Creek, NRG has
designed a solar solution that packages local attributes, cost
effectiveness and environmental value into a simple retail product for
large businesses.
“Cypress Creek is pleased to join forces with NRG to provide a locally
sourced solar product to meet the needs of commercial and industrial
consumers,” said Matthew McGovern, CEO of Cypress Creek Renewables. “Our
deep portfolio of Texas solar projects, along with our engineering,
procurement and construction and operations and maintenance services,
deliver unparalleled value for customers.”
“This collaboration marks the future of widespread availability of
commercial and industrial solar products in Texas, fulfilling the
state’s promise of a customer-choice market design,” said Robert
Gaudette, Senior Vice President, Business Solutions of NRG. “Businesses
want simplicity in renewables, and together with Cypress Creek, we will
help bring them closer to their sustainability goals.”
About Cypress Creek Renewables
Cypress Creek believes solar makes the world cleaner and healthier. Our
team successfully develops, builds and operates solar facilities across
the United States. With 2.3 gigawatts of solar deployed in more than a
dozen states, Cypress Creek Renewables is one of the country’s leading
solar companies. For more information about Cypress Creek Renewables,
please visit www.ccrenew.com.
About NRG
At NRG, we’re redefining power by putting customers at the center of
everything we do. We create value by generating electricity and serving
nearly 3 million residential and commercial customers through our
portfolio of retail electricity brands. A Fortune 500 company, NRG
delivers customer-focused solutions for managing electricity, while
enhancing energy choice and working towards a sustainable energy future.
More information is available at www.nrg.com.
Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy,
@nrginsight.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180612005468/en/
Source: NRG Energy, Inc.
For Cypress Creek Renewables:
Jeff McKay, 213-347-9386
McKay@ccrenew.com
or
For
NRG:
Marijke Shugrue, 609-524-5262
Marijke.Shugrue@nrg.com
@nrgenergy
| @nrginsight