25 Mar '13, 2pm

NRG Skips the Utility, Powers Consumers with Solar Energy

NRG Skips the Utility, Powers Consumers with Solar Energy

NRG is the first operator of traditional, large-scale power plants to branch into running mini-generation systems that run a single building. The endeavor strikes at the core business of utilities that have earned money from making and delivering electricity ever since Thomas Edison flipped the switch on the first investor-owned power plant in Manhattan in 1882. Consumers are realizing “they don’t need the power industry at all,” Crane, 54, said in an interview at this year’s MIT Energy Conference in Cambridge, Massachusetts. “That is ultimately where big parts of the country go.” NRG, which acquired GenOn Energy Inc. for $2.2 billion in December and Texas Genco for $5.8 billion in 2006, has stakes in 94 power plants, with all except about 1.5 percent of the generating capacity driven by fossil fuels. With $8.4 billion in 2012 sales, the Princeton, New Jersey- based compan...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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