NRG - Mergers and acquisitions

Transaction doubles NRG's generation capacity and demand-side capabilities to better serve homes and businesses amid rising energy needs. NRG Energy, Inc. (NYSE:NRG) today announced that it has completed the acquisition of a portfolio of generation assets and CPower from LS Power. The transaction strengthens NRG's platform to deliver reliable and affordable energy and flexible demand solutions as load growth continues. The acquisition includes 18 natural-gas-fired generation facilities totaling approximately 13 GW of capacity, along with CPower's commercial and industrial virtual power plant (C&I VPP) platform. Together, the assets double NRG's generation fleet, enabling the Company to

Palm Energy, LLC to utilize its Virtual Utility® IQ to provide Reliability and Energy Cost Savings. BONITA SPRINGS, Fla., May 20, 2022 /PRNewswire/ -- Palm Energy, LLC ("Palm"), a provider of comprehensive energy solutions and services has announced the acquisition of several Behind the Meter (BTM) solutions from NRG Energy, Inc. (NYSE:NRG), the leading integrated power company in the United States. The acquired portfolio includes approximately 15 MWs of commercial and industrial customers located in PJM and New England which will increase Palm Energy's managed MWs in those markets. Palm Energy will own, operate, maintain, and optimize the microgrids to reduce energy costs while providing re