Welcome!

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
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
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...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.