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

Introducing RockIt Smart Slide

Introducing RockIt Smart Slide

Introducing RockIt Smart Slide - the ultimate solution for fast and easy installation of the rail-less RockIt racking system on composition shingle roofs. Smart Slide conforms to UL 441 and TAS 100 (A)-95 for wind and wind-driven rain, providing a super-strong watertight seal that is achieved through compression, in most cases without the need for additional sealant. The waterproofing sealant is embedded deep into the granules of the shingle, thanks to the integrated flexible foam layer that provides cushioning. This ensures a secure fit that conforms to any architectural-style shingle. With UltraGrip Technology™, you can rely on a secure installation, as it absorbs the movement created by thermal expansion and contraction. The pre-installed sealing pads are compatible with all composition shingle roofs, making it the ideal choice, even in ambient temperatures as low as 5 degrees.