NRG CEO resigns amid transition to renewable energy
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Re: NRG CEO resigns amid transition to renewable energy
#2This is a bit of a misleading headline. He resigned because his renewable energy bets weren't paying off and his company was losing money as a result.
Re: NRG CEO resigns amid transition to renewable energy
#3are there other companies now pursuing cleantech?
Re: NRG CEO resigns amid transition to renewable energy
#4are there other companies now pursuing cleantech?
It's much harder with oil at 40ish/bbl.
Re: NRG CEO resigns amid transition to renewable energy
#5are there other companies now pursuing cleantech?
It's much harder with oil at 40ish/bbl.
Very little oil is used in electricity generation, except in Hawaii and Puerto Rico.
The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).
Re: NRG CEO resigns amid transition to renewable energy
#6Earlier quoted context omitted.
It's much harder with oil at 40ish/bbl.
Very little oil is used in electricity generation, except in Hawaii and Puerto Rico. The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).
So read "oil" as "oil and gas." To an extent, coal too.
That too, although pound for pound alts are still slightly more expensive.
Re: NRG CEO resigns amid transition to renewable energy
#7Earlier quoted context omitted.
It's much harder with oil at 40ish/bbl.
Very little oil is used in electricity generation, except in Hawaii and Puerto Rico. The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).
Yes, NRG, SolarCity, and Sungevity all were looking to get panels on my house. Good time to be a consumer.
Re: NRG CEO resigns amid transition to renewable energy
#8Earlier quoted context omitted.
Very little oil is used in electricity generation, except in Hawaii and Puerto Rico. The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).
Yes, NRG, SolarCity, and Sungevity all were looking to get panels on my house. Good time to be a consumer.
If you don't mind me asking:
* Did you decide to move forward with an installation?
* If so, who did you select as the installer?
* If not, why not?