ADDING MULTIMEDIA InventivEnergy and NRG Energy Services Partner to Restart the Aspen Power Biomass Plant

  ADDING MULTIMEDIA InventivEnergy and NRG Energy Services Partner to Restart
  the Aspen Power Biomass Plant

   Renewable power plant can help meet growing demand for clean energy this
                                    summer

Business Wire

LUFKIN, Texas -- June 19, 2014

InventivEnergy, LLC has selected NRG Energy Services LLC, a wholly-owned
subsidiary of NRG Energy Inc., (NYSE:NRG), to restart the Aspen Power biomass
plant in Lufkin, Texas, and operate and maintain the facility once online to
provide clean, renewable power for the Texas market. InventivEnergy is an
asset management firm that is overseeing the plant, which first began
operation in August 2011 as the first wood-based biomass power plant in the
state.

The Aspen power plant uses locally sourced clean wood-waste biomass as its
fuel supply. The plant is ...

The Aspen power plant uses locally sourced clean wood-waste biomass as its
fuel supply. The plant is managed by InventivEnergy and will be operated by
NRG ENergy Services. (Photo: Business Wire)

The Aspen power plant has the capacity to deliver approximately 50 MW to the
grid and uses locally sourced clean wood-waste biomass as its fuel supply. The
plant employs a stoker type boiler with particulate emissions abatement and
has selective catalytic reduction for NOx control.

Work to restart the facility began in mid-May and commercial operations are
expected to be achieved by late July. NRG is in the process of hiring the site
management team and operating staff, according to Don Poe, president, NRG
Energy Services.

“The Aspen Power facility was shut down in the fall of 2012 due to market
economics. Since then, our projections show an attractive opportunity for the
plant to resume operations and provide competitively-priced clean energy to
the Texas market,” said John R. Keller, CEO & Founder of InventivEnergy. “We
are very excited to team-up with NRG in bringing Aspen back on-line and
combining its top-tier O&M capabilities with InventivEnergy’s proven expertise
in power plant asset management, value enhancement and optimization.”

“NRG Energy Services has exceptional experience in renewable energy and fossil
fuel generating station operations, and we look forward to working with
InventivEnergy and bringing this expertise to the Aspen Power plant,” said
Poe.

Aspen Power LLC commissioned the plant in August 2011. It can consume about
525,000 tons of logging debris and municipal wood waste per year. It was the
first major wood biomass power plant in the state.

In addition to the Aspen Power plant, NRG Energy Services also operates
renewable and conventional energy facilities in several states.

About InventivEnergy

InventivEnergy, LLC is a leading clean energy sector consulting and asset
management firm specializing in power generation development, power plant
asset management, valuation and value enhancement, market risk mitigation,
troubled facility turnaround and power asset optimization. Power plant owners
rely on InventivEnergy to apply its experience in every aspect of a power
generation project with proven success in enhancing profitability and
maximizing investor value. Investors in power generation assets trust
InventivEnergy to manage their commercial power businesses with a deep
commitment to achieving targeted returns and enhancing the commercial
enterprise in the areas of power marketing, fuel supply, O&M, technology,
contract negotiation, risk management, M&A and revenue/cost optimization. More
information about InventivEnergy is available at www.inventivenergy.com.
Follow InventivEnergy on Twitter @inventivenergy and on LinkedIn.

About NRG Energy Services LLC and NRG Energy

NRG Energy Services provides nationwide services to operate, maintain and
repair electric-generation facilities. Our capabilities range from minor
repairs to complete overhauls. NRG Energy Services LLC delivers customized
operations and maintenance solutions to help owners of simple cycle, combined
cycle, steam turbine, and combined heat and power facilities as well as wind,
solar PV and solar thermal projects achieve exceptional operational
performance and system reliability. A Fortune 250 company, NRG Energy Inc.
owns and operates the nation’s largest and most diverse competitive power
portfolio. 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.

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 Aspen Power biomass plant 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 and retail 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
of the announced acquisitions. 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 Energy
David Knox, 832-357-5730
david.knox@nrgenergy.com
or
InventivEnergy
Greg Owens, 201-706-7895
greg.owens@inventivenergy.com
 
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