NRG Energy, Inc. (NYSE:NRG) and Virgin Limited Edition announced today the entry into a cutting-edge Diesel Reduction Agreement for the provision of renewable power to Necker Island. Pursuant to this Agreement, NRG will develop a renewables-driven micro-grid for the entire island, supplying high quality, reliable electricity powered at least 75% by an integrated array of solar, wind and energy storage technologies. This system will be supported by new energy efficiency and energy control automation designed to reduce overall energy use and synchronize energy consumption with renewable energy production on the island. The agreement was signed and announced at the “Creating Climate Wealth Summit,” by Sir Richard Branson, Founder of the Virgin Group, and NRG CEO David Crane.
“The potential for more renewable energy across the world is huge especially in places like the Caribbean, where islands offer an excellent test bed to demonstrate and scale innovative, clean energy solutions. While small compared to island nations, Necker is an ideal ‘guinea pig’ for the Carbon War Room’s Ten Island Challenge and will be able to show the potential of ‘state-of-the-art’ technologies in renewable energy,” said Branson, Founder of Virgin Group.