Programs to lower customer costs, provide
greater reliability and reduce emissions
NRG Energy (NYSE: NRG) launched new offers for commercial and
industrial customers to take advantage of more than 60 MWs of
Preferred Resources under contracts executed with Southern
California Edison® (SCE). Through three new programs, NRG and its
partners can provide SCE customers with innovative, cost saving
commercial and industrial products and services. These products and
services are expected to reduce energy consumption and emissions
during peak hours and enhance the reliability of individual
facilities, as well as the overall power grid in Southern
California.
“The partnerships with SCE, local businesses and our technology
providers are designed to provide cost savings and enhance electric
grid reliability as we help California meet its aggressive emission
reduction goals through cleaner energy,” said John Chillemi,
Executive Vice President of Development for NRG Energy. “Aligning
smart business decisions with smart environment choices is part of
NRG’s larger effort to develop new and optimize existing resources
to provide more sustainable and reliable electricity services to
customers across California.”
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 Southern California service area
through a solution that will save ratepayers money while reducing
CO2 emissions over the life of the project,” said Mike Hopkins, CEO
of Ice Energy. “It is also a great opportunity for participating
commercial and industrial customers to lower utility bills and
replace aging HVAC units with new, energy efficient ones.”
The City of Tustin, CA, located in Central Orange County, is
under contract to take advantage of this offering. The municipality
will receive 12 Ice Bears at facilities across the city, generating
significant cost savings for the near and long term.
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
Southern California Edison,” said Roger Flanagan, Managing
Director, Lockheed Martin Energy. Lockheed Martin Energy is a line
of business within Lockheed Martin that delivers distributed energy
solutions to commercial, utility and government customers.
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 California through solar
and wind as well as fast-start, flexible and efficient generation
that enables additional renewable power to be added to the grid,”
added Chillemi. “Bringing innovative options to the table such as
the products offered under these Preferred Resources contracts are
an exciting addition to our collaborative effort to help California
achieve a more sustainable energy future.”
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
NRG Energy; 5 MW in Riverside, CA; 6 MW in Redding, CA; and an
additional 450+ MW in the sales pipeline, the company is expanding
quickly in the U.S. and internationally. For more information,
visit www.ice-energy.com.
About Lockheed Martin Energy
Lockheed Martin Energy is focused on engineering solutions that
create reliable, affordable, clean, and renewable energy. Our fully
integrated offering provides a full range of solutions to
utilities, commercial businesses, municipalities, institutions and
government.
We deliver cost effective, forward thinking solutions to help
utilities manage operations, programs and resources from generation
and transmission to distribution. Focused on demand side management
programs that deliver reliable energy savings and enhanced grid
solutions, LM Energy offers the following turn-key solutions:
Energy Efficiency, Demand Response, Grid & Customer Analytics,
Systems Integration, Cyber Security, T&D Automation,
Microgrids, Energy Storage, Renewables and Cogeneration.
Lockheed Martin Energy has the business and technical resources
and the long-term vision to partner with customers for decades.
About NRG
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.
Forward-Looking Statements
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 Securities and Exchange Commission. NRG
assumes no obligation to update any forward-looking information
contained in this press release or with respect to the
announcements described herein.
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NRG EnergyRyan M. Wallace, 609-524-4525ryan.wallace@nrg.com
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