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Corporation
ENERGY & UTILITIES | Electric
nrg.com

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Investments

15

Portfolio Exits

9

Partners & Customers

10

About NRG Energy

NRG Energy, together with its subsidiaries, operates as a wholesale power generation company. The company engages in the ownership, development, construction, and operation of power generation facilities. It also engages in transacting in and trade of fuel and transportation services; the trade of energy, capacity, and related products in the United States and internationally; and the supply of electricity and energy services to retail electricity customers in the Texas market. As of December 31, 2009, the company's power generation assets consisted of approximately 10,660 megawatt (MW) of gas-fired; 7,560 MW of coal-fired; 3,715 MW of oil-fired; 1,175 MW of nuclear; and 365 MW of renewable generating capacity in the United States. In addition, NRG Energy also owns approximately 115 MW of thermal capacity domestically, as well as 1,005 MW of power generation capacity overseas in Australia and Germany.

NRG Energy Headquarters Location

804 Carnegie Center

Princeton, New Jersey, 08540,

United States

609-524-4500

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Expert Collections containing NRG Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find NRG Energy in 2 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

G

Grid and Utility

30 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids. It also includes utilities and energy companies that act as investors.

NRG Energy Web Traffic

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NRG Energy Rank

Latest NRG Energy News

Defensive Stocks For A Volatile Market

Sep 28, 2022

Defensive stocks can help investors overcome periods of volatility, and provide opportunities for long-term investing... Intuitive Surgical's stock remains relatively resilient despite the current market volatility. NRG energy continues to benefit from improving prices, greater grid efficiency, and the Inflation Reduction Act. Defensive stocks are useful in overcoming the current volatile environment. Market volatility is back in the headlines after the Federal Reserve continued to hike interest rates during its latest meeting. The Dow Jones fell below 30,000, joining the S&P 500 in bear market territory. Since inflation continues to run hot and employment figures continue to remain at low levels, it's almost certain that the next two Fed meetings will produce interest rate hikes of 75 bps, which will continue to push pressure on liquidity, and therefore, financial assets. Investors can increasingly look to defensive stocks, with long-term sustainable competitive advantages and consistent cash flows for their portfolio, if they are looking to allocate capital during times of volatility. MarketBeat.com - MarketBeat Consider the following two stocks Intuitive Surgical (NASDAQ: ISRG) is an American medical robotics company that designs and manufactures robotic products to improve clinical outcomes, and its most successful product remains the Da Vinci system, which is increasingly finding its way into surgical theatres. Medical equipment stocks are well placed to grow over the next eight years, and the medical robotics market is expected to grow steadily over the same period at 16% per annum, at which point it could generate $44 billion in revenue. Despite the broader market sell-off the stock continues to remain buoyant and is currently down 15% compared to the broader market which is down over 20% on average. The medical industry on average has better long-term economics. Especially as the average global age increases, more people require medical care. Furthermore, the global healthcare industry is increasingly investing in technology to improve medical outcomes globally, which only improves the fortunes of companies such as Intuitive Surgical. Global growth should help sustain momentum, especially as China, Japan, and Asia, remain at forefront of demand, with growing economies, and increasing levels of investment helping them move away from traditional surgical tools to modern-day devices. ISRG has seen its sales increase by 16% for the past five years and earnings-per-share increase by 17%. In terms of valuation, the company remains pricey with a P/E of 48x, and a forward P/E of 33x. And while investors might consider these valuations slightly expensive,  the consistency of growth and revenue means the market will continue to attach a premium to the stock. One of the positives for the stock is that it has little to no debt, which means that it is unlikely to face any real issues during the current rising interest rate cycle. Consider the stock if you're looking for a long-term investment, with a business that produces consistent results and stable cash flow. NRG Energy (NYSE: NRG ) is a utility company in the unregulated energy space. Its business revolves around an integrated power company operating through Texas, East, and West, United States. The company is involved in producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage NRG Energy has been increasingly investing in its smart grid to give its users more control over their power usage. But despite its best efforts, prices in the energy sector are on the rise, especially in the residential energy market. NRG energy remains central to the areas it provides power, which means the earnings should be consistent and less volatile than other sectors. Results have continued to come in strong through the first few quarters, and states such as Texas where it operates large parts of its business had an unusually hot summer, which in turn should help drive earnings further over the next couple of quarters. The company’s valuation remains relatively steady with forward price-to-earnings at 9x, and with the rate at which energy prices are increasing could result in the stock price increasing over the next few quarters. The company also pays a dividend of 3.55% and has relatively manageable debt, with debt to equity at 1.5. NRG Energy is also set to benefit from the latest bills passed in Congress, specifically the Inflation Reduction Act, which will provide it funding for carbon reduction projects. Overall, the utility industry continues to remain firm despite the uncertain macroeconomic environment, making it suitable for those looking to overcome volatility. Entrepreneur Editors' Picks

NRG Energy Investments

15 Investments

NRG Energy has made 15 investments. Their latest investment was in EnTouch Controls as part of their Series C on August 8, 2015.

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NRG Energy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/17/2015

Series C

EnTouch Controls

$6M

No

4

5/19/2015

Series C

Eos Energy Storage

$23M

No

4

11/5/2014

Series B - II

Eos Energy Storage

$3.94M

No

2

11/5/2013

Series B

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$99M

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10

10/15/2013

Series B - II

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$99M

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10

Date

8/17/2015

5/19/2015

11/5/2014

11/5/2013

10/15/2013

Round

Series C

Series C

Series B - II

Series B

Series B - II

Company

EnTouch Controls

Eos Energy Storage

Eos Energy Storage

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Amount

$6M

$23M

$3.94M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

4

4

2

10

10

NRG Energy Portfolio Exits

9 Portfolio Exits

NRG Energy has 9 portfolio exits. Their latest portfolio exit was NRG Energy - Direct Energy Alberta Home Services Businesses on January 04, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/4/2022

Divestiture

NRG Energy - Direct Energy Alberta Home Services Businesses

$99M

1

11/16/2020

Reverse Merger

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$99M

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10

6/16/2020

Acquired

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$99M

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10

6/13/2019

Acquired

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$99M

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10

9/18/2018

Divestiture

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$99M

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10

Date

1/4/2022

11/16/2020

6/16/2020

6/13/2019

9/18/2018

Exit

Divestiture

Reverse Merger

Acquired

Acquired

Divestiture

Companies

NRG Energy - Direct Energy Alberta Home Services Businesses

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

NRG Energy Acquisitions

12 Acquisitions

NRG Energy acquired 12 companies. Their latest acquisition was Direct Energy on July 24, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/24/2020

$99M

Acquired

12

5/20/2019

$99M

Acquired Unit

1

10/2/2014

Debt

$99M

$11M

Acquired

1

9/18/2014

Series B

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$99M

$99M

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10

4/2/2014

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$99M

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10

Date

7/24/2020

5/20/2019

10/2/2014

9/18/2014

4/2/2014

Investment Stage

Debt

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$11M

$99M

Note

Acquired

Acquired Unit

Acquired

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Sources

12

1

1

10

10

NRG Energy Partners & Customers

10 Partners and customers

NRG Energy has 10 strategic partners and customers. NRG Energy recently partnered with Leap on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/6/2022

Partner

Bulgaria

Leap and NRG Energy Partner on Next-Gen Grid Services Program in Texas

Leap 's partnerships with technology companies in the state -- including GridPoint -- help increase grid resiliency and provide real-time flexibility to retailers , which in turn reduces the cost and risk to serve their customers .

1

7/6/2022

Partner

United States

Leap And NRG Energy Partner On Next-Gen Grid Services Program In Texas

Leap 's partnerships with technology companies in the state -- including GridPoint -- help increase grid resiliency and provide real-time flexibility to retailers , which in turn reduces the cost and risk to serve their customers .

1

12/2/2021

Partner

United States

NRG Energy And Smart Energy Decisions Publish 2021 State Of Distributed Energy Resources Study

Today , NRG Energy , Inc. in collaboration with Smart Energy published new research that shows cost savings and sustainability continue to top the list for customer needs when considering distributed energy resources .

4

10/6/2021

Partner

United States

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10

6/29/2020

Client

United States

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10

Date

7/6/2022

7/6/2022

12/2/2021

10/6/2021

6/29/2020

Type

Partner

Partner

Partner

Partner

Client

Business Partner

Country

Bulgaria

United States

United States

United States

United States

News Snippet

Leap and NRG Energy Partner on Next-Gen Grid Services Program in Texas

Leap 's partnerships with technology companies in the state -- including GridPoint -- help increase grid resiliency and provide real-time flexibility to retailers , which in turn reduces the cost and risk to serve their customers .

Leap And NRG Energy Partner On Next-Gen Grid Services Program In Texas

Leap 's partnerships with technology companies in the state -- including GridPoint -- help increase grid resiliency and provide real-time flexibility to retailers , which in turn reduces the cost and risk to serve their customers .

NRG Energy And Smart Energy Decisions Publish 2021 State Of Distributed Energy Resources Study

Today , NRG Energy , Inc. in collaboration with Smart Energy published new research that shows cost savings and sustainability continue to top the list for customer needs when considering distributed energy resources .

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Sources

1

1

4

10

10

NRG Energy Team

23 Team Members

NRG Energy has 23 team members, including current Chief Executive Officer, Mauricio Gutierrez.

Name

Work History

Title

Status

Mauricio Gutierrez

Chief Executive Officer

Current

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Name

Mauricio Gutierrez

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Work History

Title

Chief Executive Officer

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Status

Current

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