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NRG CEO resigns amid transition to renewable energy
- barney54 11y agoThis is a bit of a misleading headline. He resigned because his renewable energy bets weren't paying off and his company was losing money as a result.
- obblekk 11y agoare there other companies now pursuing cleantech?
- ArkyBeagle 11y agoIt's much harder with oil at 40ish/bbl.
- toomuchtodo 11y agoVery little oil is used in electricity generation, except in Hawaii and Puerto Rico. The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers).
- ArkyBeagle 11y agoSo read "oil" as "oil and gas." To an extent, coal too. That too, although pound for pound alts are still slightly more expensive.
- TYPE_FASTER 11y agoYes, NRG, SolarCity, and Sungevity all were looking to get panels on my house. Good time to be a consumer.
- toomuchtodo 11y agoIf you don't mind me asking: * Did you decide to move forward with an installation? * If so, who did you select as the installer? * If not, why not?