Cummins Inc (NYSE:CMI) And NRG Energy Inc (NYSE:NRG) Introduce Major Technology Platform

NRG Energy Inc (NYSE:NRG) and Cummins Inc (NYSE:CMI) reported a strategic association to deploy a cleaner, cost-effective and resilient distributed energy platform for industrial and commercial clients. This seamless solution offers consumers a prospect to shift to a smarter energy consumption model.

The details

The energy platform, with an initial projected hundreds of megawatts capacity or adequate to support several homes, improves a client’s energy usage via NRG offered energy resource capabilities and Cummins-powered generators. The firms witness the solution potentially saving consumers up to 15% over their prevailing energy costs, often at no registration expense. Beyond offering consumers increased control over their energy prospect, the platform is projected to considerably lower environmental impact and grid pressure. The platform architecture enables for more capacity to fulfill growing market requirements.

While the formal association is new, the firms have successfully deployed distributed energy models for numerous consumers over recent years. They are now set to bring this established, cost-effective solution to more clients throughout the northeast U.S. Norbert Nusterer of Cummins, expressed that reliable power continues to be key in the broad distributed energy equation.

This model uses Cummins’ expertise in turning power generation equipment for the most demanding and harsh of operating conditions. Having executed numerous hundred megawatts and offered robust economic returns and reliability to consumers, this association is planned to build on the experience they have gained. Their association with NRG Energy brings together energy leadership of around 125 years to offer more consumers new measures to achieve their objectives in environmental stewardship and risk and cost decline.

Robert Gaudette, the President of NRG, expressed that both companies have a shared objective to utilize new technologies, so as to offer consumers with reliable power and assist navigate the progressively complex energy market. This is just single instance of how they can continue to optimize existing and new energy technologies so consumers can pay less and use less, for electricity.

Scott Sally

Scott Sally

Sally joined the US Markets Daily News Team in April 2011 as a Multimedia Journalist.