Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Unilever plc and NRG Energy Inc. Partner for 100% Clean Energy

Unilever plc (NYSE: UL  ) and NRG Energy (NYSE: NRG  ) announced today that they are joining forces to help Unilever's U.S. business go greener than ever before.

While Unilever's U.S. subsidiary already purchases third-party renewable energy credits to cover 100% of its electricity use, this latest NRG Energy partnership will put power production in Unilever's own hands. NRG Energy says it will work with Unilever to identify various on- and off-site alternative energy sources to provide Unilever with "100% clean energy" at its U.S. sites.

"Unilever, through its commitment to clean energy, is demonstrating in a truly meaningful way that it cares about its consumers and their well-being in a manner far beyond that of conventional companies seeking to sell products. They also are demonstrating through actions, rather than just words, what being a leader in the clean energy economy means," said David Crane, president and CEO of NRG Energy, in today's press release.

Kees Kruythoff, president of Unilever North America, echoed similar aspirations. "This transformational partnership with NRG to move all of our U.S. operations to 100 percent renewable energy will make our business more resilient, sustainable, and profitable. It is our hope and expectation that our collaboration with NRG will also inspire a broader acceleration and uptake of renewable energy technologies."

Unilever has 400 brands spanning 14 categories of home, personal care, and food products.

The two corporations expect to reach their goal by 2020 and said they will share updates..

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2947941, ~/Articles/ArticleHandler.aspx, 8/27/2015 3:54:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated Moments ago Sponsored by:
DOW 16,491.68 206.17 1.27%
S&P 500 1,972.51 32.00 1.65%
NASD 4,765.75 68.21 1.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/27/2015 3:39 PM
NRG $19.58 Up +0.51 +2.67%
NRG Energy, Inc. CAPS Rating: ***
UL $40.38 Up +0.28 +0.70%
Unilever CAPS Rating: ****