August 19, 2014

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Goal Zero Acquried by NRG Energy, Inc.

Press Release

August 19, 2014

Goal Zero, a company that creates and sells portable solar power and battery devices, has been acquired by NRG Energy, Inc., a New Jersey-based company.

"Our mission is to put reliable power in the hands of every human on earth," said Robert Workman, founder and CEO of Goal Zero. "Being part of NRG allows us to reach this goal in a much more powerful way. Both Goal Zero and NRG have similar give-back initiatives. Both companies have proven track records of helping those in need with services and products, whether it is lighting a hut in Congo or a school in Haiti."

The company is headquartered in Salt Lake City and employs about 100 people.

"The acquisition of Goal Zero—the best company in its field—aligned alongside our established system power franchise and our fast-growing residential solar business, dramatically expands our reach, enabling us to serve every American who desires to be part of the clean energy future,” said David Crane, President and CEO of NRG.."

The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to be finalized in the third quarter.

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