CEO: David Crane; Revenues:$8.42 Billion (2012); Employees: 8,792 (2012)
NRG is a Fortune 500 and one of the country’s largest power generation and retail electricity businesses. Its diverse power generating facilities have a capacity of about 47,000 megawatts, capable of supporting almost 40 million homes. Its retail electricity providers — Reliant, Green Mountain Energy Company and Energy Plus — and thermal energy division serve more than two million residential, business, commercial and industrial customers in 16 states. With ongoing development of solar, wind, modern natural gas and other clean energy generation, NRG has set the stage to become the premier company moving clean and affordable energy—what it calls smart energy—forward. NRG's retail, electric vehicle services and distributed energy operations will allow them to bring smart energy directly to the doorstep of American consumers and business owners and make the dream of a truly sustainable energy lifestyle come true.
Climate and Energy Targets
NRG's goal is to reduce overall CO2 emissions intensity to 0.45 metric tons per megawatt-hour — a level roughly equivalent to the rate of an efficient gas turbine — by 2025. Through a combination of no- and low-carbon generation from high efficiency gas-fueled units and renewable sources like solar, biomass and wind; repowering their generation fleet with cleaner technologies; retiring older, less efficient coal-fueled units; and exploring post-combustion carbon capture technologies, NRG is committed to doing its part in the fight against climate change.
From 2010 through June 1, 2013, NRG brought online about 1,200 megawatts (MW) of cleaner repowered capacity at Devon and Middletown in Connecticut, Marsh Landing in Northern California, and Dover in Delaware. Another 550 MW of repowered capacity was scheduled to be completed at El Segundo in Southern California by August 2013 and 75 MW was scheduled to come online at WA Parish in Texas in June 2013. At the end of 2012, NRG owned 385 MW of operating solar capacity, 435 MW of solar under construction and more than 1,000 MW of solar in development, in addition to 450 MW of operating wind capacity.
NRG has also made progress reducing emissions on a total tonnage basis. 2012 U.S. GHG emissions (CO2e) were 340% lower than in 2000, falling to 47 million metric tons from 77 million metric tons.
Did You Know?
"[A]s global concern over climate change grows, the management, employees and shareholders of NRG are aware that we have a moral and, potentially, a future economic imperative to reduce substantially the carbon intensity of our electric production." - David Crane, CEO and President
Througheconrg, NRG seeks ways to meet the challenges of climate change, clean air and the protection of our natural resources. econrg is NRG’s flagship program to move clean energy forward, making NRG's existing fleet cleaner and our future generation smarter, greener and more affordable.
See What NRG Is Doing To Move Clean Energy Forward