NRG Energy Partners with Google to Support Clean Energy

Rhea-AI Summary

NRG Energy partners with Google to enhance customer access to clean energy solutions. This collaboration focuses on the launch of Nest Renew, a service for eligible Texas customers aimed at optimizing energy usage linked to cleaner grid times. NRG aims to deepen customer engagement in sustainability while supporting businesses in achieving their energy goals. The partnership reflects a commitment to combat climate change through innovative technologies, showcased by NRG offering Renewable Energy Certificates as part of the program.

Positive

• Launch of Nest Renew, promoting cleaner energy usage.
• Enhanced customer engagement in sustainability.
• Partnership with Google strengthens NRG's innovative energy solutions.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- NRG Energy, Inc. (NYSE: NRG) is pleased to announce that it is partnering with Google to make it easier for customers to support a clean energy future. This supports NRG’s customer-focused strategy by applying the company’s unmatched ability to deliver insights, innovations and customer experience to help residential customers power their homes and lives. The collaboration will also leverage NRG’s longstanding expertise in commercial energy, delivering comprehensive energy solutions to businesses and partnering with them to achieve their sustainability goals.

NRG has partnered with Nest Renew from Google to help make it easier to participate in energy programs and help support a clean energy future. This new service for compatible Nest thermostats(1) is rolling out in early preview by invitation. (1) Nest Renew requires the 3rd generation Nest Learning Thermostat, Nest Thermostat E, or the newest Nest Thermostat connected to a Google account (sold separately) (Photo: Business Wire)

NRG will include Nest Renew a new, innovative Google service as an option for eligible customers in Texas. This tool will help customers manage and make choices about their energy usage, deepen their sustainability journey, and track the positive difference they are making, right from their homes. The service works with compatible Nest thermostats¹ to help customers automatically shift their heating and cooling electricity usage to times when the grid is cleaner², in turn allowing energy companies to better manage energy fluctuations and drive a cleaner, more resilient energy future. Nest Renew was built on the premise that to support the fight against climate change, today’s grids need to be more flexible and resilient.

“NRG is proud to partner with Google and empower our customers with additional options for supporting clean energy,” said Mauricio Gutierrez, President and CEO of NRG Energy. “Our companies share a longstanding commitment to addressing and combating the impacts of climate change with innovative products and solutions, such as Google Nest Renew. In this way, we’re helping our customers make their own impact on climate, easy.”

Nest Renew marks the latest development in NRG and Google’s longstanding collaboration, which began in 2012 with the goal of developing tech-enabled energy offerings that make power a part of customers’ interconnected lives at work and at home.

In addition to providing Nest Renew to eligible residential customers, NRG will leverage its expertise in commercial energy to support Nest Renew services by offering Google Renewable Energy Certificates (RECs) over the course of this program. RECs are derived from renewable resources and provide high impact carbon-reduction and sustainability benefits.

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.

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 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.

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¹ Nest Renew requires the 3rd generation Nest Learning Thermostat, Nest Thermostat E, or the newest Nest Thermostat connected to a Google account (sold separately).
² Available in areas served by major continental U.S. grids.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211006005556/en/

Contacts:

Investors:

Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Media:

Candice Adams

609.524.5428

Candice.Adams@nrg.com

Source: NRG Energy, Inc.

FAQ

What is the partnership between NRG and Google about?

NRG and Google are partnering to launch Nest Renew, which helps customers manage energy usage and support clean energy.

How does Nest Renew benefit NRG customers?

Nest Renew allows customers to optimize energy usage during cleaner grid times, enhancing their sustainability efforts.

When is the Nest Renew service available?

Nest Renew is rolling out in early preview for eligible Texas customers.

What is the significance of Renewable Energy Certificates in this partnership?

NRG will offer Renewable Energy Certificates as part of the Nest Renew program, contributing to sustainability initiatives.