NRG Energy headquarters and office locations NRG Energy is headquartered in Princeton, NJ and has 2 office locations across 1 country. In 2013, they also added a demand response company called Energy Curtailment Specialists. Global Infrastructure Partners (GIP) bought NRG Yield, the O&M business, and the development business for $1.375 billion in cash proceeds. This provided a simplified solar adoption process as well as a sales channel for Goal Zero. The small arms components and accessories manufacturer will invest more than $7 million to relocate its headquarters, manufacturing operations to Clarksville, TN. During a Thursday morning earnings call, the company announced that it is consolidating its corporate headquarters, currently in Houston and Princeton, N.J., to Houston only. “Over the past several years, my team and I have had substantive conversations with President and CEO Mauricio Gutierrez. Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. BuzziShield room dividers and desk panels from BuzziSpace Studio offer playful, creative solutions to divvy-up office space. [39] In May 2019, NRG agreed to purchase Stream Energy for $300 million. NRG Energy, Inc. announced today it has named Houston its sole headquarters and has selected Alberto Fornaro as new executive vice president and CFO. If successful, NRG will gain more than 3 million retail customers across 50 US states and 6 Canadian provinces. Currently, its headquarters are break up between Princeton and Houston. NRG Yield had a diverse portfolio of energy generation including wind, solar, and natural gas, with a total operating capacity of 5,100 MW. The company is listed on the NYSE with ticker name NRG. Occupying 11 floors, this 262,000-sf project was designed to increase collaboration among co-workers, ease the organizational transition for the company as a whole, and to successfully integrate office and retail functions. [60] In December 2019, LS Power signed an agreement to acquire EVgo. [59] In 2016, NRG sold the EVgo charging network to Vision Ridge Partners, a Colorado-based sustainable-energy investment firm, for an undisclosed amount. After SpaceTag is deployed, it can then monitor operations and performance of the building. NRG Energy stated that the acquisition would serve to balance NRG's generation portfolio in the east. Following the acquisition of Reliant, NRG extended its retail footprint with the acquisition of Green Mountain Energy in November 2010. In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. [67][68], In 2012, NRG Energy partnered with the DLR Group to design an open-air, solar system for Patriot Place in Massachusetts. They also reduced their power plants from 100 to 40, but they retained 2.9 million retail customers. conjunction with today’s groundbreaking ceremony of the company’s new “ultra-green,” grid resilient corporate headquarters in Princeton, expected to open in 2016. In 2003, Xcel Energy paid NRG Energy $752 million for the benefit of NRG Energy’s creditors and took a $2 billion write-off. [23], In July 2018, NRG and GenOn consummated the NRG settlement resulting in NRG Energy paying GenOn Energy $125 million in a net payment during GenOn’s chapter 11 bankruptcy agreement. Clorox TurboPro Electrostatic Sprayer and Disinfectant make trusted surface disinfecting coverage more mobile with a cordless design. This included the 1,300 MW Cottonwood natural gas plant (1.3 GW), the 1,500 MW Big Cajun II coal and gas-fired plant (1.5 GW), and three other gas-fired peaking plants. [8] In March 2018, NRG Energy acquired XOOM Energy, a retail electricity provider, for $210 million. [41] NRG Energy also holds the naming rights for a NRG Station (formerly AT&T Station), a rapid transit station in Philadelphia, Pennsylvania.[42]. In 2014, NRG Energy helped restart Aspen Power plant, the first wood-based biomass plant in Texas. The company began to focus on domestic markets and retreated from international electricity markets. [43] NRG Energy took over the O&M for two more Texas plants in November 2016. Mauricio Gutierrez is heading the company as the chief executive officer since Dec 2015. After GenOn's exit in 2018,[19] the NRG fleet shrunk to 23 GW but retained 2.9 million retail customers. In 2012, they added GenOn Energy for $1.7 billion and in 2013, they added Edison Mission for $2.6 billion. Replies can be expected within three business days. The corporate decision provides stability for the company’s 3,000 employees currently living in Houston. [24] The deal would help GenOn revamp its capital structure and reemerge with new debt instruments. [44] By 2018, NRG Energy maintained 2.4 GW of renewable power through their O&M operations in 17 different states. NRG Energy operates Cirro Energy under Cirro's name. [5], By 2011, NRG Energy’s generation portfolio had 25,135 MW, with only 1,000 MW outside of the United States. For the first three months of 2016, the company posted a net income of $47 million in comparison to the net loss of $136 million the first quarter of 2015. They sold the renewable O&M business, along with NRG Yield and NRG’s renewable energy development and operations, to Global Infrastructure Partners (GIP) for $1.375 million in cash. NRG Energy With headquarters in both Princeton, N.J. and Houston, this energy company serves about 3.7 million residential, small business, commercial, and industrial customers. The move to a single headquarters simplifies business operations, as a large number of the company's employees and customers reside in Texas, the company noted in a press release and report . "We are proud to welcome NRG Energy's corporate headquarters to Houston as they expand their already strong presence in the Lone Star State. [71] NRG Energy provided sustainable energy for Super Bowl LI in 2017 at NRG Stadium. NRG Energy moving headquarters to Houston | Texas | thecentersquare.com This is equivalent to running at full capacity for less than 4% of the year. Business Facilities highlights area economic development and site selection news from around the world. These renewable energy installations made the stadium the largest solar power plant in the NFL. NRG was ranked number 324 on the 2020 Fortune 500 list. [5], During December 2015, NRG Energy released David Crane of his duty[13] and Mauricio Gutierrez, the Chief Operating Officer[14] at the time, was brought on as Chief Executive and President of NRG Energy. NRG Energy mapped 24 different utility territories outside of SCE. In 2016, NRG Energy oversaw O&M for nine other generation facilities and had 9.2 GW portfolio. [5] Their portfolio includes nuclear generation, coal generation, wind generation, utility scale generation, distributed solar generation, and oil generation. The power plants went to Texas Genco, CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy. NRG Energy has 4,577 employees across 2 locations and $9.09 B in annual revenue in FY 2020. As of November 2018, no ruling has been issued by the NYSPSC. [12] The reorganized NRG Energy eliminated about $5.2 billion of corporate debt along with $1.2 billion of additional claims by giving equity and cash to unsecured creditors. NRG Energy is headquartered in Houston, TX and has 19 offices located throughout the US. [7], NRG Energy has acquired eleven other energy companies, both generation and retail, that include Reliant Energy,[8] XOOM Energy,[9] Green Mountain Energy,[5] Stream Energy,[10] Discount Power and Cirro Energy. The power plants went to Texas Genco, CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy.[27]. The O&M platform managed 2,400 MW of renewable energy in 17 different states, and the development business had 6,400 MW of renewable generation opportunities in the project pipeline. By 1998, the company began an aggressive acquisition campaign. [65][66], Green Mountain Energy, one of NRG Energy's retail subsidiaries, signed a two-year agreement beginning in January 2011 to provide 100% renewable energy for the Empire State Building. [28] Afterwards, in May 2009, NRG Energy acquired the retail operations of Reliant Energy. The expansion will include a global headquarters for Discovery Life Sciences, and laboratory and greenhouse space for HudsonAlpha’s Center for Plant Science and Sustainable Agriculture. [8], Beginning in 2009, NRG began an initiative to become a green energy producer in the United States and started investing money in clean energy projects. NRG Energy Corporate Headquarters and Office Locations. Abbott welcomes the Fortune 500 company to the state. Home » Business Facilities Blog » Industry News » Energy » NRG Energy Relocating Headquarters To Houston. You can contact NRG online if you have a question or feedback. ELECTRICITY At NRG HQ, a green building that wants to make a statement Edward Klump, E&E News reporter Published: Thursday, May 10, 2018. The South Central business had 3,500 MW generation capacity, including the natural gas facilities Bayou Cove plant (225 MW), Sterlington plant (176 MW), and the Cottonwood plant (1,263,000 MW). [53] Some facilities use cogeneration and the company also owns 28 MW of solar distributed generation. [85] In January 2019, NRG Community Solar became Clearway Community Solar under the parent company Clearway Energy Group.