Green Mountain Energy
| Company type | Subsidiary |
|---|---|
| Industry | Renewable energy |
| Founded | 1997 |
| Founder | Sam Wyly |
| Headquarters | Austin, Texas , United States |
Area served | United States (Maryland, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, Texas, Oregon) |
| Products | Environmentally friendly electricity products, renewable energy credits |
| Parent | NRG Energy |
Green Mountain Energy is an American enterprise specializing in the sale of environmentally friendly electricity products through the use of renewable energy credits.
History
Originating in Vermont in 1997, Green Mountain Energy was created by Sam Wyly as a spin-off from Green Mountain Power to capitalize on the deregulation of the Texas electricity market. The company relocated its main office to Austin, Texas in September 2000. It commenced operations in Texas in January 2002, becoming the first alternative energy provider within the state. By August 2009, Green Mountain expanded its services to New York City, specifically within the Con Edison service area.
In November 2010, NRG Energy acquired Green Mountain Energy for $350 million, and it now functions as one of NRG’s brand divisions.
The firm introduced the "Renewable Rewards" Buy-Back initiative in May 2009, which compensates customers generating surplus energy from residential renewable installations. Subsequently, in April 2011, it launched a solar leasing option for homeowners alongside "Pollution Free EV," a wind-based energy product designed for electric vehicle users.
In January 2011, Green Mountain secured a two-year contract to provide 100% renewable energy to the Empire State Building, representing the largest commercial green power agreement in New York City at that time. The company further partnered with the National Football League (NFL) in February 2012 to supply 15 million kWh of renewable energy for Super Bowl XLVI. By June 2012, Green Mountain extended its reach into Pennsylvania, servicing clients within the PECO and PPL regions.
Residential services
Green Mountain Energy delivers electricity to residential consumers across U.S. states that have deregulated electricity markets, including Maryland, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, and Texas. Additionally, it collaborates with utilities operating in regulated markets such as Portland General Electric (PGE) in Oregon, broadening its product availability.
Commercial services
The commercial and industrial segment of Green Mountain Energy caters to businesses located in Texas, New York, and Pennsylvania. Established in 2004, this division expanded its offerings in 2011 through the introduction of Green Mountain Energy Solutions. The company also manages a "Sun Club" program that provides solar and renewable energy donations to nonprofit organizations.
See also
External links
- Articles with short description
- Renewable energy companies of the United States
- Energy in Texas
- Companies based in Austin, Texas
- American companies established in 1997
- Energy companies established in 1997
- Renewable resource companies established in 1997
- 1997 establishments in Texas
- NRG Energy
- Corporate subsidiaries