Green Mountain Energy

Green Mountain Energy
Company typeSubsidiary
IndustryRenewable energy
Founded1997; 28 years ago (1997)
Headquarters
Austin, Texas, US[1]
ProductsRetail and commercial electricity and renewable energy credits
ParentNRG Energy
Websitegreenmountainenergy.com

Green Mountain Energy is a United States company that sells green electricity products via renewable energy credits.[1][2]

History

Green Mountain Energy was founded in Vermont in 1997 by Sam Wyly as an offshoot of Green Mountain Power to take advantage of the deregulation of the Texas electricity market.[1] In September 2000, the company moved its headquarters to Austin, Texas. In January 2002, Green Mountain began serving the Texas market and was the first to offer alternative energy in the state.[3] In August 2009 Green Mountain Energy expanded to New York City, serving those in the Con Edison service territory.[4]

In November 2010 Green Mountain Energy was acquired by NRG Energy for $350 million.[1] At that time Green Mountain Energy operated as a standalone subsidiary of NRG, but now operates as one of NRG's brands.[5]

In May 2009 the company launched a "Renewable Rewards" Buy-Back program, which credits customers with renewable generation facilities in their homes for excess energy their facility sends back to the electric grid.[6]

In April 2011 the company launched a solar leasing program for residential solar panels,[7] and announced "Pollution Free EV", a wind electricity product for electric vehicle owners.[8]

In January 2011 Green Mountain Energy signed a two-year agreement to provide 100% renewable energy to the Empire State Building, the largest commercial green power purchase in New York City at that time.[9] In February 2012, the company partnered with the National Football League (NFL) to power Super Bowl XLVI with 15 million kWh of renewable energy.[10] In June 2012, Green Mountain Energy expanded to Pennsylvania, serving those in the PECO and PPL service territories.[11]

Residential services

Green Mountain Energy serves electricity to residential customers who live in the United States with unregulated electricity markets, such as Maryland, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, and Texas.[11][12] Green Mountain Energy also partners with utilities in regulated markets in the U.S., such as Portland General Electric (PGE) in Oregon, to offer their products.[citation needed]

Commercial services

Green Mountain's commercial and industrial division offers products to customers in Texas, New York, and Pennsylvania.[11] The commercial division began in 2004. In 2011, a new division, Green Mountain Energy Solutions, was launched.[1] The company also has a "Sun Club" where they donate solar and renewable energies to nonprofit organizations.

See also

References

  1. ^ a b c d e "Company Overview of Green Mountain Energy Company". Bloomberg Businessweek. February 24, 2017. Archived from the original on February 24, 2017. Retrieved October 1, 2022.
  2. ^ de la Garza, Alejandro (July 26, 2021). "This Vermont Utility Is Revolutionizing its Power Grid to Fight Climate Change". Time. Retrieved October 1, 2022.
  3. ^ Pasolini, Antonio (January 12, 2012). "Texan Sustainable Energy Company Celebrates 10th Anniversary". Justmeans. Retrieved October 1, 2022.
  4. ^ "Green Mountain Energy Company Expands to New York City". Green Energy News. August 22, 2009. Archived from the original on March 10, 2012. Retrieved October 1, 2022.
  5. ^ Mooney, Jake (November 24, 2010). "How green is Green Mountain Energy?". Grist. Retrieved October 1, 2022.
  6. ^ "Energy Co. to Reward Texas Residents for Solar Arrays". Environmental Protection. May 15, 2009. Retrieved October 1, 2022.
  7. ^ Lyon, Cody (April 29, 2011). "Green Mountain renting solar panels". Austin Business Journal. Retrieved October 1, 2022.
  8. ^ "Updated: Green Mountain Energy Launches Fully Renewable EV Charging Plan". Energy Choice Matters. April 7, 2011. Retrieved October 1, 2022.
  9. ^ Zeller Jr., Tom (January 6, 2011). "Green Power for the Empire State Building". Green Blog. Retrieved October 1, 2022.
  10. ^ Clark, Anna (February 3, 2012). "Why Super Bowl XLVI Will Be the Greenest Yet". GreenBiz. Archived from the original on August 10, 2019. Retrieved October 1, 2022.
  11. ^ a b c Puleo, Gary (July 3, 2012). "Green Mountain Energy brings clean energy to PA". The Times Herald. Retrieved October 1, 2022.
  12. ^ "LMOP Partner Profile | Green Mountain Energy Company". United States Environmental Protection Agency. Archived from the original on March 8, 2016. Retrieved October 1, 2022.