NRG Energy Completes Collaborative Solar Project to Sell Community Clean Energy to 2,200 California Homes

  NRG Energy Completes Collaborative Solar Project to Sell Community Clean
  Energy to 2,200 California Homes

 —NRG and Boeing team up with San Diego State University’s Center for Energy
                Sustainability to build solar power facility—

Business Wire

BRAWLEY, Calif. -- June 13, 2014

NRG Energy, Inc. (NYSE:NRG) one of the nation’s largest renewable energy
developers, today introduced the NRG Community 1 Solar Generating Facility.
Through an innovative, community focused program – among the first of its kind
in the United States – the project was developed by Sol Orchard in
collaboration with the Center for Energy Sustainability at San Diego State
University’s (SDSU) Imperial Valley Campus.

NRG Energy Community 1 Solar Facility (Photo: Business Wire)

NRG Energy Community 1 Solar Facility (Photo: Business Wire)

The Imperial Irrigation District will purchase all energy generated by the
facility, under a 25-year power purchase agreement, and sell it at a
competitive rate to interested customers through a community solar program.
The inventive system design follows a similar NRG community solar installation
in Rutland, Vermont and puts low-cost clean energy within reach of the
Imperial Irrigation District’s consumers. This program creates a unique option
for homes and facilities that may not be ideal candidates for rooftop systems
while ensuring that renewable energy reaches as many consumers as possible.

The Boeing Company provided engineering, procurement and construction (EPC)
for the Community 1 project marking completion of its first solar power plant
for NRG. Boeing and NRG are also currently building the 25.65 megawatt (MW ac)
Dandan Solar Facility, which will be the first solar power plant on the island
of Guam, with an expected completion date later this year.

The six megawatt Community 1 solar facility covers nearly 37 acres of land
owned by SDSU and has more than 25,000 modules, which will generate enough
emission-free electricity to power approximately 2,200 homes at full capacity.
Additionally, it will reduce emissions and lower the demand on the southern
California electricity grid.

“At NRG, we challenge the status quo, joining forces with the best to push the
industry on innovation and new design, all with consumer needs in mind,” said
Randy Hickok, senior vice president, NRG. “We’re truly excited to empower the
Imperial Irrigation District’s community solar program which brings pioneering
spirit and clean technology to their customers while doing something that will
help ensure the future of our planet.”

“Clean, affordable and secure power is important around the world,” said Tim
Noonan, vice president, Ventures, part of Boeing Defense, Space & Security.
“Boeing relied on its strong supply chain management, systems engineering,
program management and performance-based logistics to build the Community 1
solar power plant. We look forward to scaling collaboration on future projects
with our partners at NRG.”

About NRG

NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the strength
of the nation’s largest and most diverse competitive power portfolio. A
Fortune 250 company, we create value through reliable and efficient
conventional generation while driving innovation in solar and renewable power,
electric vehicle ecosystems, carbon capture technology and customer-centric
energy solutions. Our retail electricity providers serve almost 3 million
residential and commercial customers throughout the country. More information
is available at www.nrgenergy.com. Connect with NRG Energy on Facebook and
follow us on Twitter @nrgenergy.

About Boeing Defense, Space and Security

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the
world's largest defense, space and security businesses specializing in
innovative and capabilities-driven customer solutions, and the world’s largest
and most versatile manufacturer of military aircraft. Headquartered in St.
Louis, Boeing Defense, Space & Security is a $33 billion business with 56,000
employees worldwide. Follow us on Twitter: @BoeingDefense.

NRG Safe Harbor Disclosure

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. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions and include NRG’s expectations regarding
the Company’s Community 1 solar project and forward-looking statements
typically can be identified by the use of words such as “will,” “expect,”
“believe,” and similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will prove to
have been correct, and actual results may vary materially. Factors that could
cause actual results to differ materially from those contemplated above
include, among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility of
energy and fuel prices, failure of customers to perform under contracts,
changes in the wholesale power markets, changes in government regulation of
markets and of environmental emissions, and our ability to achieve the
expected benefits and timing of our renewable projects. NRG undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. 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 Securities and Exchange Commission at www.sec.gov.

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Contact:

Media:
NRG
Jeff Holland, 760-710-3828
Jeff.Holland@NRGEnergy.com
 
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