Renewable power plant can help meet growing demand for clean energy this
LUFKIN, Texas--(BUSINESS WIRE)--Jun. 19, 2014--
LLC has selected NRG
Energy Services LLC, a wholly-owned subsidiary of NRG Energy Inc.,
(NYSE:NRG), to restart the Aspen Power biomass plant in Lufkin, Texas,
and operate and maintain the facility once online to provide clean,
renewable power for the Texas market. InventivEnergy is an asset
management firm that is overseeing the plant, which first began
operation in August 2011 as the first wood-based biomass power plant in
The Aspen power plant uses locally sourced clean wood-waste biomass as its fuel supply. The plant is managed by InventivEnergy and will be operated by NRG ENergy Services. (Photo: Business Wire)
The Aspen power plant has the capacity to deliver approximately 50 MW to
the grid and uses locally sourced clean wood-waste biomass as its fuel
supply. The plant employs a stoker type boiler with particulate
emissions abatement and has selective catalytic reduction for NOx
Work to restart the facility began in mid-May and commercial operations
are expected to be achieved by late July. NRG is in the process of
hiring the site management team and operating staff, according to Don
Poe, president, NRG Energy Services.
“The Aspen Power facility was shut down in the fall of 2012 due to
market economics. Since then, our projections show an attractive
opportunity for the plant to resume operations and provide
competitively-priced clean energy to the Texas market,” said John R.
Keller, CEO & Founder of InventivEnergy. “We are very excited to team-up
with NRG in bringing Aspen back on-line and combining its top-tier O&M
capabilities with InventivEnergy’s proven expertise in power plant asset
management, value enhancement and optimization.”
“NRG Energy Services has exceptional experience in renewable energy and
fossil fuel generating station operations, and we look forward to
working with InventivEnergy and bringing this expertise to the Aspen
Power plant,” said Poe.
Aspen Power LLC commissioned the plant in August 2011. It can consume
about 525,000 tons of logging debris and municipal wood waste per year.
It was the first major wood biomass power plant in the state.
In addition to the Aspen Power plant, NRG Energy Services also operates
renewable and conventional energy facilities in several states.
InventivEnergy, LLC is a leading clean energy sector consulting and
asset management firm specializing in power generation development,
power plant asset management, valuation and value enhancement, market
risk mitigation, troubled facility turnaround and power asset
optimization. Power plant owners rely on InventivEnergy to apply its
experience in every aspect of a power generation project with proven
success in enhancing profitability and maximizing investor value.
Investors in power generation assets trust InventivEnergy to manage
their commercial power businesses with a deep commitment to achieving
targeted returns and enhancing the commercial enterprise in the areas of
power marketing, fuel supply, O&M, technology, contract negotiation,
risk management, M&A and revenue/cost optimization. More information
about InventivEnergy is available at www.inventivenergy.com.
Follow InventivEnergy on Twitter @inventivenergy and on LinkedIn.
About NRG Energy Services LLC and NRG Energy
NRG Energy Services provides nationwide services to operate, maintain
and repair electric-generation facilities. Our capabilities range from
minor repairs to complete overhauls. NRG Energy Services LLC delivers
customized operations and maintenance solutions to help owners of simple
cycle, combined cycle, steam turbine, and combined heat and power
facilities as well as wind, solar PV and solar thermal projects achieve
exceptional operational performance and system reliability. A Fortune
250 company, NRG Energy Inc. owns and operates the nation’s largest and
most diverse competitive power portfolio. 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.nrgenergy.com.
Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
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 the Aspen Power biomass plant 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 wholesale and retail 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 of the announced acquisitions.
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/20140619006288/en/
Source: NRG Energy Inc.
David Knox, 832-357-5730