CORRECTING and REPLACING NRG, Renew Home and Google Cloud Announce Partnership
NRG Energy has announced a partnership with Renew Home and Google Cloud to create a 1 GW virtual power plant (VPP) in Texas. The initiative aims to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035, helping enhance grid resilience and reduce household energy costs. The program will offer Vivint and Nest smart thermostats, including professional installation, at no cost to eligible customers.
The VPP will leverage Google Cloud's AI technology for weather prediction, renewable energy forecasting, and pricing models. This initiative responds to Texas's unprecedented energy demand surge of 85 GW in 2023 due to population growth and extreme weather. The program is expected to launch in spring 2025, with plans to expand to include devices like batteries and electric vehicles.
NRG Energy ha annunciato una partnership con Renew Home e Google Cloud per creare una centrale elettrica virtuale (VPP) da 1 GW in Texas. L'iniziativa mira a distribuire centinaia di migliaia di termostati intelligenti abilitati VPP entro il 2035, contribuendo a migliorare la resilienza della rete e ridurre i costi energetici per le famiglie. Il programma offrirà termostati intelligenti Vivint e Nest, inclusa l'installazione professionale, senza alcun costo per i clienti idonei.
La VPP sfrutterà la tecnologia AI di Google Cloud per la previsione meteorologica, la previsione dell'energia rinnovabile e i modelli di prezzo. Questa iniziativa risponde all'eccezionale aumento della domanda di energia in Texas di 85 GW nel 2023 a causa della crescita della popolazione e delle condizioni meteorologiche estreme. Il programma dovrebbe essere lanciato nella primavera del 2025, con piani di espansione per includere dispositivi come batterie e veicoli elettrici.
NRG Energy ha anunciado una asociación con Renew Home y Google Cloud para crear una planta de energía virtual (VPP) de 1 GW en Texas. La iniciativa tiene como objetivo distribuir cientos de miles de termostatos inteligentes habilitados para VPP para 2035, ayudando a mejorar la resiliencia de la red y reducir los costos energéticos en los hogares. El programa ofrecerá termostatos inteligentes Vivint y Nest, incluyendo la instalación profesional, sin costo alguno para los clientes elegibles.
La VPP aprovechará la tecnología de IA de Google Cloud para la predicción del clima, la previsión de energía renovable y los modelos de precios. Esta iniciativa responde al aumento sin precedentes de la demanda de energía en Texas de 85 GW en 2023 debido al crecimiento de la población y el clima extremo. Se espera que el programa se lance en primavera de 2025, con planes de expansión para incluir dispositivos como baterías y vehículos eléctricos.
NRG Energy는 Renew Home 및 Google Cloud와 협력하여 텍사스에 1 GW의 가상 발전소(VPP)를 만들겠다고 발표했습니다. 이 이니셔티브의 목표는 2035년까지 수십만 개의 VPP-enabled 스마트 온도 조절기를 배포하여 그리드의 회복력을 강화하고 가정의 에너지 비용을 줄이는 것입니다. 이 프로그램은 적격 고객에게 Vivint 및 Nest 스마트 온도 조절기를 제공하며, 전문가 설치가 포함되어 무료로 제공됩니다.
VPP는 기상 예측, 재생 가능 에너지 예측 및 가격 모델을 위해 Google Cloud의 AI 기술을 활용할 것입니다. 이 이니셔티브는 인구 증가와 극심한 기후로 인해 2023년 텍사스의 에너지 수요가 85 GW로 급증한 데 대응합니다. 프로그램은 2025년 봄에 출시될 예정이며, 배터리 및 전기차와 같은 장치들을 포함할 예정입니다.
NRG Energy a annoncé un partenariat avec Renew Home et Google Cloud pour créer une centrale électrique virtuelle (VPP) de 1 GW au Texas. L'initiative vise à distribuer des centaines de milliers de thermostats intelligents compatibles VPP d'ici 2035, contribuant à améliorer la résilience du réseau et à réduire les coûts énergétiques des ménages. Le programme proposera des thermostats intelligents Vivint et Nest, y compris l'installation professionnelle, sans frais pour les clients éligibles.
La VPP tirera parti de la technologie d'IA de Google Cloud pour la prévision météorologique, la prévision des énergies renouvelables et les modèles de tarification. Cette initiative répond à l'augmentation sans précédent de la demande énergétique au Texas, qui a atteint 85 GW en 2023 en raison de la croissance de la population et des conditions météorologiques extrêmes. Le programme devrait être lancé au printemps 2025, avec des plans d'expansion pour inclure des dispositifs tels que des batteries et des véhicules électriques.
NRG Energy hat eine Partnerschaft mit Renew Home und Google Cloud angekündigt, um ein virtuelles Kraftwerk (VPP) mit 1 GW in Texas zu schaffen. Die Initiative zielt darauf ab, bis 2035 Hunderttausende von VPP-fähigen Smart-Thermostaten zu verteilen, um die Widerstandsfähigkeit des Stromnetzes zu verbessern und die Energiekosten für Haushalte zu senken. Das Programm bietet Vivint und Nest Smart-Thermostate, einschließlich professioneller Installation, kostenlos für berechtigte Kunden an.
Das VPP wird die KI-Technologie von Google Cloud für Wettervorhersagen, erneuerbare Energieprognosen und Preismodelle nutzen. Diese Initiative reagiert auf den beispiellosen Anstieg der Energienachfrage in Texas von 85 GW im Jahr 2023, der auf das Bevölkerungswachstum und extreme Wetterbedingungen zurückzuführen ist. Das Programm soll im Frühjahr 2025 starten, mit Plänen zur Erweiterung um Geräte wie Batterien und Elektrofahrzeuge.
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NRG and Renew Home to Create a 1 GW Virtual Power Plant in Texas That Will Help Enhance Grid Resilience and Reduce Household Energy Costs Leveraging Google Cloud Technology
The release reads:
NRG, RENEW HOME AND GOOGLE CLOUD ANNOUNCE PARTNERSHIP
NRG and Renew Home to Create a 1 GW Virtual Power Plant in Texas That Will Help Enhance Grid Resilience and Reduce Household Energy Costs Leveraging Google Cloud Technology
NRG Energy Inc. (NYSE:NRG) today announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP – enabled by Google Cloud technology – to improve the
“This marks a pivotal step forward in our efforts to deliver more value and an enhanced experience to customers while empowering them with our virtual power plant capabilities,” said Rasesh Patel, President, NRG Consumer. “By partnering with industry leaders like Renew Home and Google Cloud, we are set to deliver cutting-edge, AI-driven solutions that will bolster grid resilience and contribute to a more sustainable future. We are excited about the transformative impact this collaboration will have on our customers and the broader energy landscape.”
Building an AI-Enabled, 1 GW Virtual Power Plant in
A 1 GW VPP delivers capacity equivalent to 200,000 homes during peak demand. To build the VPP, NRG, in partnership with Renew Home, plans to offer Vivint and Nest smart thermostats, including professional installation, at no cost to eligible customers across NRG’s retail electricity providers and plans. These advanced thermostats make subtle automatic HVAC adjustments to help customers shift their energy use to times when electricity is less constrained, less expensive, and cleaner. By combining smart devices, energy intelligence, and AI, this innovative program gives consumers comfort and control through a modern and efficient energy experience. Over time, the parties expect to add devices like batteries and electric vehicles to the VPP, expanding energy savings opportunities for customers.
“As rapid population growth and weather events create new challenges for meeting demand in ERCOT, VPPs can deliver a reliable, flexible and dispatchable energy resource,” said Ben Brown, Renew Home CEO. “NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program. This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.”
To maximize the impact of the VPP and other strategic initiatives, NRG will embark on a broad multi-year technology transformation with Google Cloud. Through the use of Google Cloud's data, analytics, and AI technology, NRG will be able to do things like better predict weather conditions, forecast wind and solar generation output, and create predictive pricing models, allowing for more efficient production and ultimately ensuring the home energy experience is seamless for customers.
"As we move toward a more sustainable future and face increasing energy demands, Google Cloud recognizes the importance of partnering with innovators like NRG and Renew Home to help transform the consumer energy experience with AI and the best of Google Cloud,” said Michael Clark, President,
NRG and Renew Home expect to roll out their VPP program to
About NRG
NRG Energy, Inc. is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in
About Renew Home
Renew Home is building
About Google Cloud
Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.
Forward-Looking Statements
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. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “expect,” “estimate,” “should,” “anticipate,” “forecast,” “plan,” “guidance,” “outlook,” “believe” and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 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 SEC at www.sec.gov.
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Source: NRG Energy Inc.
FAQ
What is the capacity of NRG's planned virtual power plant in Texas?
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What smart devices will NRG offer in their VPP program?
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