Here are some recent thoughts on NRG Energy I shared with friends at The Cleanweb Initiative in order to help shape the conversation between myself and Cleanweb Hactivist and CEO Blake Burris for our upcoming Google+ Hangout on 7/25. Follow @bluephoenixinc and @cleanweb on Twitter for details.
When people talk about big energy companies they typically throw around names of tradition players such as ExxonMobil (NYSE: XOM), Royal Dutch Shell (NYSE: RDS-A), BP (NYSE: BP), PetroChina (NYSE: PTR) and Chevron (NYSE: CVX). However, solely looking at performance in a review mirror could be a big mistake in an increasingly connected world, especially if one is looking to build a next generation investment portfolio. This has me excited to discuss NRG Energy (NYSE: NRG), a name I believe epitomizes what a modern energy distribution company is all about.
For those not yet familiar with NRG, the company is the largest independent power producer in the U.S. with capacity of 47,000 megawatts (that’s enough power to support ~40 million homes). Rather than simply rebuilding the wheel and offer its customers traditional fossil fuel power access, NRG is focused on the transition to a sustainable, low carbon society. How? They are building a reliable renewable energy asset basket which includes natural gas wind, biomass and solar. The company is developing further access to electric vehicle (EV) charging infrastructure through eVgo and they will soon bring to market carbon capture technology that can turn carbon waste emitted from coal plants. This latter opportunity, along with the stimulation of existing oil well production through CO2 based enhanced oil recovery (EOR) technology, will likely find increasing state/local interest on the heels of President Obama’s recent plan to fight climate change. That means NRG is in a new sweet-spot for revenue generation that in my view will rely on software like never before.
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