UPMC Mercy to be Anchor Customer
PITTSBURGH--(BUSINESS WIRE)--Mar. 7, 2017--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307006161/en/
Source: NRG Yield, Inc.
NRG Yield, Inc.
Media:
David Gaier, 609-524-4529
or
Investors:
Kevin
L. Cole, CFA, 609-524-4526
Lindsey Puchyr, 609-524-4527