NRG Energy Joins the EV100 Initiative
11 November 2021 - 6:18AM
Business Wire
--NRG to Transition 100% of its Light Duty
Fleet to Electric Vehicles by 2030 --
NRG Energy, Inc. announced its participation in the Climate
Group's EV100 initiative, committing to electrify 100 percent of
its light-duty fleet by 2030. This commitment expands the number of
vehicles to be electrified beyond the goal first announced in June
in the company’s 11th annual Sustainability Report1. NRG estimates
that annual greenhouse gas emissions from the use of its light-duty
vehicles are approximately 25,000 metric tons of CO₂
equivalent.
NRG views vehicle electrification as one of the key trends
informing its retail-focused strategy. As the company develops and
implements its own vehicle electrification roadmap, it will apply
lessons learned to its customer-facing offerings to support
customers' transition from fossil fuel-powered transport to
electric vehicles.
"The transportation sector is the leading cause of greenhouse
gas emissions in the U.S.2, and as such, the electrification of
transportation is absolutely essential to decarbonizing the entire
economy," said Jeanne-Mey Sun, NRG VP of Sustainability. "We are
proud to electrify our fleet and join EV100’s notable network of
companies who are committed to making an impact on climate
change."
"We are thrilled to welcome NRG Energy, Inc. into our EV100
initiative during such a momentous moment. NRG joins six other
companies announcing their EV100 membership during COP26 and
committing to making electric transport the new normal by 2030. We
applaud such leadership! By joining the EV100 initiative, NRG has
committed to electrifying over 1,100 vehicles by 2030, representing
a sizable commitment to making EVs more accessible. It's especially
timely that NRG is joining today on COP26 Transport Day. As we move
further along into this Climate Decade, we know that decarbonizing
road transportation is a key pillar in addressing climate change
and delivering cleaner air," said Sandra Roling, Climate Group Head
of Transport.
EV100 focuses on catalyzing the shift to electric road transport
as a crucial building block within a broader 21st-century,
low-carbon transport system. While the initiative is primarily
framed around electro mobility, the group encourages companies to
consider integrated mobility solutions with other low-carbon
transport modes such as walking, cycling, and public transport.
NRG will report progress on its fleet electrification commitment
to EV100 on an annual basis.
About NRG
At NRG, we’re bringing the power of energy to people and
organizations by putting customers at the center of everything we
do. We generate electricity and provide energy solutions and
natural gas to millions of customers through our diverse portfolio
of retail brands. A Fortune 500 company, operating in the United
States and Canada, NRG delivers innovative solutions while
advocating for competitive energy markets and customer choice,
working toward a sustainable energy future. More information is
available at nrg.com. Connect with NRG on Facebook, LinkedIn, and
follow us on Twitter @nrgenergy.
About EV100
EV100 is a global initiative led by international non-profit the
Climate Group, which brings together companies committed to making
electric transport the new normal by 2030. Over half of all new
vehicles on the road go into company fleets, so it’s crucial that
businesses lead the shift to electric vehicles (EVs) through their
investment decisions and influence on millions of staff and
customers worldwide. Members are increasing demand, influencing
policy, and driving mass roll-out - helping to make electric cars
more rapidly affordable for everyone.
1 Baseline year is 2020. In 2021, as a result of the Direct
Energy acquisition NRG’s fleet electrification goal was expanded
from 346 to a total of 1,181 vehicles. The goal aims to convert
100% of light-duty cars, SUVs, vans, and light-duty trucks to
all-electric (preferred) or plug-in hybrid vehicles such that
typical vehicle miles traveled can largely be accomplished in
electric mode. Plant equipment, medium, and heavy-duty trucks are
excluded.
2
https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions
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Investors: Kevin L. Cole, CFA 609.524.4526
Media: Candice Adams 609.524.5428
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