Cypress Creek Renewables and NRG Innovate the Future of Solar Power for Texas Commercial and Industrial Customers
12 June 2018 - 11:00PM
Business Wire
New Plan Brings Sustainability and Simplicity
with Fixed-Price Renewable Energy at Sites Across Texas
Cypress Creek Renewables, one of the largest integrated solar
energy companies in the U.S., and NRG Energy, Inc. (NYSE:NRG)
announced today a joint project where Cypress Creek will develop
and operate 25 megawatts of solar projects for NRG to support
commercial and industrial customers. The environmentally friendly
solar installations will be the foundation of a new type of
simplified fixed-price renewable energy plan for large businesses,
adding an innovative dimension to a proven product structure.
Under the new plan from NRG, customers receive dedicated,
locally sourced renewable energy with flexible options that best
meet a company’s business, sustainability and procurement needs.
The plan features variable term lengths, the ability to procure up
to 100 percent of a customer’s electricity usage from a renewable
resource and naming rights to the designated facility. Cypress
Creek will own and operate the facilities and deliver the
electricity generated to NRG and its customers under power purchase
agreements.
Cypress Creek has a portfolio of more than seven gigawatts of
solar projects in development across the country. Additionally, the
company offers an experienced in-house Engineering, Procurement and
Construction team and a national Operations and Maintenance
program. NRG’s financial strength and energy industry expertise
accelerate speed to market and help manage the risk associated with
electricity production, to deliver a comprehensive, easy-to-tailor
renewable energy plan to its commercial and industrial customers.
By working with Cypress Creek, NRG has designed a solar solution
that packages local attributes, cost effectiveness and
environmental value into a simple retail product for large
businesses.
“Cypress Creek is pleased to join forces with NRG to provide a
locally sourced solar product to meet the needs of commercial and
industrial consumers,” said Matthew McGovern, CEO of Cypress Creek
Renewables. “Our deep portfolio of Texas solar projects, along with
our engineering, procurement and construction and operations and
maintenance services, deliver unparalleled value for
customers.”
“This collaboration marks the future of widespread availability
of commercial and industrial solar products in Texas, fulfilling
the state’s promise of a customer-choice market design,” said
Robert Gaudette, Senior Vice President, Business Solutions of NRG.
“Businesses want simplicity in renewables, and together with
Cypress Creek, we will help bring them closer to their
sustainability goals.”
About Cypress Creek Renewables
Cypress Creek believes solar makes the world cleaner and
healthier. Our team successfully develops, builds and operates
solar facilities across the United States. With 2.3 gigawatts of
solar deployed in more than a dozen states, Cypress Creek
Renewables is one of the country’s leading solar companies. For
more information about Cypress Creek Renewables, please visit
www.ccrenew.com.
About NRG
At NRG, we’re redefining power by putting customers at the
center of everything we do. We create value by generating
electricity and serving nearly 3 million residential and commercial
customers through our portfolio of retail electricity brands. A
Fortune 500 company, NRG delivers customer-focused solutions for
managing electricity, while enhancing energy choice and working
towards a sustainable energy future. More information is available
at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow
us on Twitter @nrgenergy, @nrginsight.
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version on businesswire.com: https://www.businesswire.com/news/home/20180612005468/en/
For Cypress Creek Renewables:Jeff McKay,
213-347-9386McKay@ccrenew.comorFor NRG:Marijke Shugrue,
609-524-5262Marijke.Shugrue@nrg.com@nrgenergy | @nrginsight
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