Energy Management Company Acquires Behind The Meter/Microgrid Portfolio From NRG Energy -- EnergyChoiceMatters.com

Energy Management Company Acquires Behind The Meter/Microgrid Portfolio From NRG Energy

May 20 2022

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Reporting by Paul Ring • ring@energychoicematters.com

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Palm Energy, LLC, a provider of comprehensive energy solutions and services with a focus on reliability and energy management, has announced, "the acquisition of several Behind the Meter (BTM) solutions from NRG Energy, Inc."

"The acquired portfolio includes approximately 15 MWs of commercial and industrial customers located in PJM and New England which will increase Palm Energy's managed MWs in those markets. Palm Energy will own, operate, maintain, and optimize the microgrids to reduce energy costs while providing reliability to the customers and the grid," Palm said

Palm Energy also offers supply procurement consulting and various other services

Palm Energy LLC is part of the e2 Companies family.

"Palm Energy brings to market a single-source solution for our customer's complete energy needs by optimizing BTM assets through its 24/7 Network Operations Center (NOC) and Virtual Utility IQ platform. Palm also utilizes parent company, e2 Companies' Patented R3Di ('Ready') System to provide resiliency and reliability to utilities and C&I customers through an ESG offering that combines safe and reliable fast-discharge batteries with ultra-low emission continuous rated natural gas engines that are ready for Renewable Natural Gas or can be modified to utilize Hydrogen blends," Palm said

"Palm's ability to leverage assets in the energy market on behalf of our customers is unmatched," stated Palm Energy's Co-Founder and President, Steven Moffitt. "We are able to reduce the customer's energy cost while at the same time provide resiliency. We do this by participating in market programs across North America, managing power and gas supply agreements, and verifying operational and financial performance through our Virtual UtilityIQ platform."

"This transaction is a big step in Palm Energy's growth and ability to stabilize an increasingly taxed grid," said James Richmond, President and CEO of e2 Companies.

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