# NRG Energy

> NRG Energy is a Houston-based public energy and home-services company serving about eight million customers across North America. Its model connects roughly 25 GW of power generation with competitive electricity and natural-gas retail, Vivint smart-home subscriptions, and virtual power plants that can adjust customer demand. That combination gives NRG an unusual view of both sides of the meter, although its expanded generation fleet is now heavily weighted toward natural gas.

- **Founded:** 1989
- **Headquarters:** Houston, United States
- **Team size:** Approximately 17,000 employees.
- **Products:** Retail electricity and natural gas, Power generation and wholesale energy, Vivint Smart Home, CPower demand response, Residential virtual power plants
- **Notable:** Built one of North America's largest competitive energy retail platforms, selling 154 TWh of electricity and 1,857 million dekatherms of natural gas in 2025., Reached about eight million residential energy and smart-home customers across North America., Completed the January 2026 LS Power transaction, adding 13 GW across 18 plants and doubling generation capacity to about 25 GW.

## Products & services

- **Retail electricity and natural gas** — Competitive supply plans for residential, small-business, commercial and industrial customers through NRG, Reliant, Direct Energy, Green Mountain Energy, Cirro and other brands.
- **Power generation and wholesale energy** — Operation and optimization of roughly 25 GW of generation, primarily flexible natural-gas assets in Texas and northeastern U.S. markets, plus wholesale trading, hedging and risk management.
- **Vivint Smart Home** — Professionally installed security, automation and energy-management hardware connected through software and recurring monitoring subscriptions; acquired by NRG in 2023.
- **CPower demand response** — A commercial and industrial virtual power plant platform aggregating flexible load for more than 2,000 organizations; acquired with the LS Power portfolio in 2026.
- **Residential virtual power plants** — Programs that coordinate thermostats, batteries and other devices so customers can reduce or shift demand during tight grid conditions.
- **Business energy solutions** — Structured supply, sustainability products, renewable energy certificates, load management, energy analytics and advisory services for organizations.
- **Bring Your Own Power** — Customer-backed new generation development for very large loads such as data centers, intended to add supply without transferring the full cost to existing consumers.

## Achievements

- Built one of North America's largest competitive energy retail platforms, selling 154 TWh of electricity and 1,857 million dekatherms of natural gas in 2025.
- Reached about eight million residential energy and smart-home customers across North America.
- Completed the January 2026 LS Power transaction, adding 13 GW across 18 plants and doubling generation capacity to about 25 GW.
- Expanded commercial demand response with CPower's roughly 6 GW virtual power plant platform.
- Surpassed 200 MW in its Texas residential virtual power plant by the first quarter of 2026.
- Placed the 415 MW T.H. Wharton project into commercial operation in May 2026 - NRG's first new-build generation asset in nearly a decade.
- Reported $30.707 billion of revenue and $4.1 billion of adjusted EBITDA for 2025.
- Maintains retail energy operations in 25 U.S. states, the District of Columbia and eight Canadian provinces, while Vivint serves all 50 states and D.C.

## Latest updates

- **2026-08** — Reported second-quarter revenue of $7.481 billion, net income of $506 million and adjusted EBITDA of $1.217 billion; reaffirmed full-year guidance.
- **2026-08** — Advanced a 1.2 GW Texas combined-cycle project with a global cloud and AI hyperscaler under its Bring Your Own Power strategy, subject to final documentation and approvals.
- **2026-05** — The 415 MW T.H. Wharton facility reached commercial operation, the company's first new-build generation asset in nearly a decade.
- **2026-05** — Texas residential VPP capacity surpassed 200 MW, remaining on track for a 1 GW target by 2035.
- **2026-01** — Closed the LS Power acquisition, adding 13 GW of generation and CPower's roughly 6 GW C&I VPP platform.
- **2026-01** — Robert Gaudette was named to succeed Larry Coben as president and CEO, with the transition effective in 2026.

## Links

- Website: https://www.nrg.com/
- LinkedIn: https://www.linkedin.com/company/nrgenergy
- Twitter/X: https://twitter.com/nrgenergy
- YouTube: https://www.youtube.com/channel/UCiGskGDPDG47BVwAFwtroXQ
- Instagram: https://www.instagram.com/nrgenergy/
- Facebook: https://www.facebook.com/NRG/

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Profile page: https://yespress.io/nrg-energy
Published by YesPress — https://yespress.io
Last updated: 2026-08-13