Investors News Release
|View printer-friendly version|
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 reduce emissions
"The partnerships with SCE, local businesses and our technology
providers are designed to provide cost savings and enhance electric grid
reliability as we help
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
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 demand reduction.
"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
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
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
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
Ryan M. Wallace, 609-524-4525