Boston, MA 05/08/2014 (wallstreetpr) – On Wednesday, NRG Energy Inc (NYSE:NRG) and Unilever United States, Inc announced that they have entered into a strategic partnership in order to revolutionize the functioning between consumer and energy products and to highlight the significance of collaboration to address global challenges.
NRG And Unilever Join Forces
Under the partnership, NRG Energy Inc (NYSE:NRG) will engage a range of alternative energy technologies that will be scalable as well as transferable to other industry segments. Through this participation, NRG will further exhibit its commitment to establish an energy future, which is sustainable for both companies and consumers.
The partnership is in line with the Unilever’s “Sustainable Living Plan”, which is its global scheme for aenduring growth that targets to grow its business two-fold while limiting the company’s environmental footprint and enhancing its role in generating a positive social influence. Moreover, NRG’s partnership will help develop innovative and cost-effective solutions that will further place Unilever as a leader in viable solutions.
Will Give Control To Unilever
At present, Unilever is already sourcing 100% of its electricity from renewable sources for each of its sites through renewable energy certificates (RECs). That are credits for sourcing renewable energy from third party.But, with the latest partnership, NRG will assist Unilever to generate renewable energy at Unilever’s own site, thus, leading to 100% clean energy at Uniliver’s U.S. sites by the year 2020.
Commenting on Unilever’s decision to partner, NRG Energy Inc (NYSE:NRG)’s President and CEO, David Crane said that the Unilever’s effort shows its true commitment to clean energy and reflects its care for consumers and their well-being in a way that far exceeds that of traditional companies, which solely aim to sell products. Crane added that the company is truly displaying its commitment through actions, rather than words.
Both the companies anticipate to complete their objective by 2020 and would periodically release updates about the progress of their collaboration.
