NRG Yield Breaks Ground on Uptown Energy Center Pittsburgh
07 Mars 2017 - 5:44PM
Business Wire
UPMC Mercy to be Anchor Customer
Recognizing its many environmental and economic benefits, today
NRG Yield, Inc. (NYSE: NYLD/YNLD.A) broke ground on a new District
Energy Center in Pittsburgh’s Uptown District. UPMC Mercy will be
the Center’s first and anchor customer, and provides an example of
Pittsburgh Mayor William Peduto's energy vision and NRG’s Yield’s
initiatives in renewables, energy efficiency and greener, healthier
communities.
The new energy center will deliver steam, chilled water and
backup power to UPMC Mercy and additional future customers with
higher efficiency, lower carbon emissions, and lower capital and
operating costs compared to multiple, stand-alone systems. The
plant was situated in the Uptown District because of the
opportunity to serve UPMC as well as well as future tenants on the
28-acre site that the Pittsburgh Penguins are developing nearby.
NRG Yield will be marketing the system and its benefits to
businesses and organizations that want to be more energy efficient
and cost-effective.
NRG Yield currently owns and operates the North Shore Energy
Center, two interconnected steam and chilled-water plants serving
30 buildings and more than six million square feet of space, and
customers including PNC Park, The Carnegie Science Center, and
Allegheny General Hospital.
During the groundbreaking, Chris Sotos, CEO of NRG Yield, noted
“We’re thrilled to break ground on this facility and welcome UPMC
as our first new and anchor customer. They and future customers
will enjoy the improved efficiency, lower environmental footprint,
flexibility, and reliability that district energy brings.”
According to UPMC Mercy President Michael Grace, "This project
addresses a current need at UPMC Mercy as well as aligns with
UPMC's overall mission as a health care provider to improve the
health status of the communities we serve. We are proud to be a key
partner for NRG Yield, and UPMC is investing back into Uptown and
downtown Pittsburgh to ensure the UPMC Mercy campus is viable for
many years to come."
Mayor Peduto, who participated in the groundbreaking, said "UPMC
and the City will certainly benefit from NRG Yield building and
operating this new energy center. It further cements Pittsburgh's
leadership in clean energy solutions, and supporting new and clean
technologies. I look forward to making the city a world-wide model
for district energy production."
Rob Thornton, President of the International District Energy
Association (IDEA) said at the event “IDEA commends the City of
Pittsburgh, UPMC Mercy and NRG Yield for investing in a new
district energy system that will provide reliable, resilient and
efficient energy services. Utilizing district energy allows UPMC
Mercy to focus resources on its primary mission of world-class
health care.”
About NRG Yield
NRG Yield owns a diversified portfolio of contracted
renewable and conventional generation and thermal infrastructure
assets in the United States, including fossil fuel, solar
and wind power generation facilities that have the capacity to
support more than two million American homes and businesses. Our
thermal infrastructure assets provide steam, hot and/or chilled
water, and in some instances electricity, to commercial businesses,
universities, hospitals and governmental units in multiple
locations. NRG Yield’s Class C and Class A common stock are traded
on the New York Stock Exchange under the symbols NYLD and
NYLD.A, respectively.
About UPMC Mercy
A $14 billion world-renowned health care provider and insurer,
Pittsburgh-based UPMC is inventing new models of patient-centered,
cost-effective, accountable care. UPMC provides nearly $900 million
a year in benefits to its communities, including more care to the
region’s most vulnerable citizens than any other health care
institution. The largest nongovernmental employer in Pennsylvania,
UPMC integrates 65,000 employees, more than 25 hospitals, 600
doctors’ offices and outpatient sites, and a more than 3
million-member Insurance Services Division, the largest medical and
behavioral health services insurer in western Pennsylvania.
Affiliated with the University of Pittsburgh Schools of the Health
Sciences, UPMC ranks No. 12 in the prestigious U.S. News &
World Report annual Honor Roll of America’s Best Hospitals. UPMC
Enterprises functions as the innovation and commercialization arm
of UPMC while UPMC International provides hands-on health care and
management services with partners in 12 countries on four
continents. For more information, go to UPMC.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170307006161/en/
NRG Yield, Inc.Media:David Gaier,
609-524-4529orInvestors:Kevin L. Cole, CFA,
609-524-4526Lindsey Puchyr, 609-524-4527
NRG Yield, Inc. (NYSE:NYLD)
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