NRG Expands Nest Thermostat Partnership Through Its Retail Companies Reliant
and Green Mountain Energy
CEO Outlines Vision For Energy Industry; Role of Disruptive Technologies
PRINCETON, N.J. -- April 22, 2013
NRG Energy, Inc. (NYSE: NRG) President and CEO David Crane today announced an
expansion of its successful partnership with Nest Labs, Inc., to competitive
markets nationally through two of its retail companies, Reliant and Green
Mountain Energy. Company. The announcement came just before Crane and Nest
Founder and CEO Tony Fadell spoke together about innovation and the future of
modern energy management at the 2013 Bloomberg New Energy Finance Summit in
Last year, NRG’s largest retail company, Reliant, became the first competitive
electricity provider in the U.S. to offer the Nest Learning Thermostat^TM.
Reliant offered the Nest as part of a fixed-price electricity plan to help
customers better understand and conserve energy. Beginning this summer, both
Reliant and NRG’s renewable energy provider, Green Mountain Energy, will
provide the Nest Learning Thermostat as part of their local electricity plans.
*Reliant customers throughout Texas will have three ways to save
electricity with Nest: the Reliant Learn & Conserve^SM plan featuring the
Nest Learning Thermostat^TM which includes a free Nest; the new Reliant
Free Weekends^SM plan with Nest, the first plan to offer free energy
charges all weekend, along with a Nest thermostat; and the Degrees of
Difference program with Nest, which gives customers the opportunity to
earn credits when they conserve during times of expected high electricity
usage and lets them access both of Nest’s new services Rush Hour Rewards
and Seasonal Savings.
*Green Mountain Energy customers in Texas, Illinois, New York and
Pennsylvania who sign up for the Pollution Free™ Efficient with Nest plan
will receive Nest’s Seasonal Savings Service beginning this summer. Green
Mountain Energy is Nest’s only retail electricity partner that is
dedicated to cleaner energy.
“The success of our relationship with Nest and the enthusiasm of our Texas
customers for their learning thermostat speaks to the elegant simplicity of
Nest, and Americans’ desire to be individually empowered with smarter energy
choices,” Crane said. “It is NRG’s goal to deliver innovative energy options
like the Nest, and we see this technology as an important step toward
reimagining how energy is produced and consumed in the American home.”
Energy Industry Innovation
At the Bloomberg New Energy Finance Summit, Crane discussed a re-imagined
industry in which consumers choose how much – if any – energy they draw from
the power grid for their daily use. NRG is investing in disruptive
technologies like home solar panels, electric vehicle charging stations and
smart energy solutions that will answer customers’ demands for energy choices
in their daily lives.
“Strategic partnerships like this not only bring much needed innovation to our
very traditional sector of the economy, but are also a prime example of how we
are shifting the focus from what utilities and their regulators want to what
our customers need and want,” Crane added.
The Nest learns about customers’ lifestyles to automatically adjust the
temperature when they’re away and creates a personalized schedule based on
temperature-change history. It also guides users to energy-efficient
temperatures when they’re home.
“By expanding our relationship with NRG, we can continue working together to
turn the conversation away from cost alone toward a broader discussion about
energy choices,” Fadell said. “Bundling the Nest Learning Thermostat with
energy plans was a great first step. Now, the integration of Nest’s new Rush
Hour Rewards and Seasonal Savings services promises to spark even more
conversations about energy among NRG’s customers.”
NRG, through its retail companies, is leading the smart grid revolution with
more than 700,000 customers using one or more of its smart energy solutions.
In just three years, the company has launched a series of 10 innovative new
products and services designed to give customers the tools and information
they need to manage their electricity use and change the way they think about
For more information about NRG’s energy conservation efforts and corporate
values, visit www.nrgenergy.com/responsibility/.
About NRG Energy
NRG is at the forefront of changing how people think about and use energy. We
deliver cleaner and smarter energy choices for our customers, backed by the
nation’s largest independent power generation portfolio of fossil fuel,
nuclear, solar and wind facilities. A Fortune 300 company, NRG is challenging
the U.S. energy industry by becoming the largest developer of solar power,
building the first privately-funded electric vehicle charging infrastructure,
and providing customers with the most advanced smart energy solutions to
better manage their energy use. In addition to 47,000 megawatts of generation
capacity, enough to supply nearly 40 million homes, our retail electricity
providers – Reliant, Green Mountain Energy and Energy Plus – serve more than
two million customers. More information is available at www.nrgenergy.com.
Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
NRG Energy, Inc.
Pat Hammond, 713-537-2157
Karen Cleeve, 609-524-4608
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