NRG Energy helps green the nation by investing $350M in Green Mountain

NRG Energy acquires Green Mountain in order to help grow the nation's clean energy, win-win for both companies and environment.


NRG Energy finalizes its $350 million acquisition of Green Mountain Company, the top competitive retail provider of clean energy products and services in the nation.

"Green Mountain, as the preeminent national retailer of green energy products and services, is a great complement to NRG's fast-growing solar and wind portfolio," said David Crane, NRG President and Chief Executive Officer.

"This combination enables us to match green wholesale and green retail in order to meet the American public's growing demand for a fully sustainable alternative energy supplier."

The partnership between NRG and Green Mountain will allow for the expansion of Green Mountain's green products and services, as well as speed up the pace of its expansion into ideal markets and market segments.

Green Mountain will continue operating as a single business within NRG and will continue committing to customers to make positive changes for the environment.

"This acquisition is a win-win for Green Mountain, our customers, employees and shareholders," said Paul Thomas, CEO of Green Mountain Energy Company. "It enables us to continue pursuing our mission to change the way power is made even more rapidly."

Green Mountain was ranked number one in the J.D. Power and Associates 2009 Business Retail Electric Provider Satisfaction Study. Green Mountain, based out of Austin, Texas, services both residential and commercial clientele main throughout Texas and New York.

Green products and services are also delivered to select utilities, including Portland General Electric. The company was also ranked as the number one green utility program by the Department of Energy's National Renewable Energy Laboratory.

Featured Product

SolarEdge Technologies - EV Charging Single Phase Inverter

SolarEdge Technologies - EV Charging Single Phase Inverter

The SolarEdge PV inverter combines sophisticated digital control technology with efficient power SolarEdge's EV charging single phase inverter offers homeowners the ability to charge electric vehicles up to six times faster than a standard Level 1 charger through an innovative solar boost mode that utilizes grid and PV charging simultaneously. This product is the world's first EV charger with an integrated PV inverter. Reducing the hassle of installing separately a standalone EV charger and a PV inverter, the EV charging inverter eliminates the need for additional wiring, conduit and a breaker installation. By installing an EV charger that is integrated with an inverter, no additional dedicated circuit breaker is needed, saving space and ruling out a potential upgrade to the main distribution panel. Whether you own an EV now or just want to be EV-ready, future-proof your home with SolarEdge.