News Feed Item

Green Mountain Power and NRG Energy Partner to Make Vermont a National Leader in Sustainable Energy

Enhances Energy Independence and Provides Savings to Vermonters

COLCHESTER, VT -- (Marketwired) -- 09/02/14 -- Demonstrating Vermont's national importance as a model for our energy future, Green Mountain Power and NRG Energy, Inc. (NRG) today announced a partnership to deploy a series of new products and services for Vermont businesses and residents. The partnership, which ultimately will expand throughout Vermont, is part of an effort to establish Rutland as the Energy City of the Future, and positions the state as a leader in the movement toward cost-effective sustainable energy solutions.

Beginning in early 2015, the partnership plans to bring innovative clean energy products and services to Vermont, helping customers manage energy use and save money. Central to the effort will be the development of an advanced distribution grid in Rutland. Leveraging NRG's microgrid capabilities, the two companies expect to transform the distribution grid from a 100-year-old electric delivery model to a market-based platform designed to create efficiencies and distributed energy solutions through renewable technologies and energy storage.

"This partnership is a really big deal for our customers and for Vermont," said GMP President and CEO, Mary Powell. "Our partner NRG Energy is a cutting edge leader in green energy solutions, and they see in Vermont the same potential that we at GMP have recognized for years. Our customers consistently tell us they want tools to save money and move to renewable energy sources, and we can show the rest of the country how to get there. This is what our energy future looks like."

"Through this partnership, we hope to demonstrate that investing in a 21st century energy eco-system that is more sustainable, resilient, affordable and individually empowering for the people of Vermont is more sensible than pouring more investment into the creaky old grid infrastructure from the 20th century," said David Crane, President and CEO of NRG. "In the course of so doing, we will also prove that the concepts of 'electric utility', 'renewables' and 'personal choice' are not mutually exclusive."

Products and service offerings from the new project include:
Personal Energy Management: Beginning in 2015, GMP will offer Vermont customers a comprehensive personal energy management solution -- a multilevel home control and convenience offering. Subscribing customers may be able to remotely manage energy consumption in their homes to increase comfort and save money. GMP may also offer NRG's web-based customer technology to provide Vermonters clear insight into electricity use, allowing them to make smarter choices. Customers may also be able to participate in demand response, in which they voluntarily reduce their use of electricity for specific periods in return for payments or credits on their bill.

NRG Portable Power: GMP will offer NRG's Portable Power solution allowing customers to break free from the outlet and charge their smartphones with an NRG Power Pack.

Electric Vehicle Infrastructure: GMP will work with NRG's eVgo division to develop and roll out an expanded, interconnected network of electric vehicle charging stations throughout the state, including several charging package options. Both "Level 2" and DC Fast Chargers will be installed in commercial and workplace locations.

Community Solar: In 2013, NRG Home Solar (formerly Residential Solar Solutions) built one of the first third party financed community solar arrays in the country. This array, in Rutland, VT, provides 50 residents and businesses a credit on their GMP bill for their portion of the solar energy produced by the array. Customers pay a small monthly fee and are covered by a power production guarantee. NRG is currently working on additional projects in Vermont as part of the partnership with GMP.

Micro-power: GMP is working with NRG to offer micro generation solutions to Vermonters, including NRG's Beacon 10. These units generate up to 10 kilowatts of electricity, provide heat for water and space heating, and offer battery storage and solar integration capability with onsite solar systems.

Microgrid: GMP has an ambitious vision for an energy future that takes Rutland and ultimately Vermont beyond the legacy grid system, supported by solar energy and new technology systems that ensure reliable power. Leveraging NRG's microgrid capabilities, the two companies intend to transform the distribution grid system to a market-based platform designed to create efficiencies and distributed energy solutions.

"I'm proud to stand with GMP and NRG today to announce a partnership that will help Vermont transform our energy future," said Governor Peter Shumlin. "We know the threat that climate change presents our economy and our way of life, but with this challenge comes opportunity. This partnership is exactly the type of leadership we need to seize that opportunity and create a model for the rest of the nation."

"This partnership will bolster Rutland's growth by reducing residents' costs and building on our clean-energy reputation," Rutland Mayor Chris Louras said. "Rutland has quickly become known as a hotbed for renewable energy, and the aggressive introduction of NRG's and GMP's innovative products and services will solidify Rutland's role as a national energy leader."

For more information about this initiative and the products and services offered, visit http://bit.ly/GMP-NRG.

About Green Mountain Power
Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and has a vision to be the best small company in America by empowering customers to save money and move to clean energy sources. GMP recognizes the role of electric utilities is changing and is focused on a new way of doing business to meet the needs of customers with integrated services, while continuing to generate clean, cost-effective and reliable power in Vermont. In 2014, Vote Solar named GMP a Solar Champion. More information at: www.greenmountainpower.com. Connect with GMP on Facebook and follow us on Twitter @GreenMtnPower.

About NRG
NRG is leading customer-driven change in the U.S. energy industry by delivering cleaner and smarter energy choices, while building on the strength of the nation's largest and most diverse competitive power portfolio. A Fortune 250 company, 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.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy and @NRGMedia.

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. Forward-looking statements typically can be identified by the use of words such as "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 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 and timing of our products and services. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...