Goal Zero, which makes portable solar power devices, has been acquired by NRG Energy, Inc, a publicly traded electric utility serving 3 miliion customers.
“Our mission is to put reliable power in the hands of every human on earth,” said Robert Workman, CEO and founder of Goal Zero. “Being part of NRG, a company that is similarly aligned, allows us to reach this goal in a much more powerful way. We exist to do good, to empower people everywhere. Both Goal Zero and NRG have similar philanthropic 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, we are focused on improving the lives of every human on this earth.”
Workman created Goal Zero in 2009 after seeing the lack of basic access to light in developing countries. Goal Zero designs products that give users the freedom to go anywhere, powering devices in a variety of situations, from charging gear on a camping trip to running essential equipment in a natural disaster.
Most recently, Goal Zero won two best in show awards at the prominent Outdoor Retailer Summer Market in Salt Lake City. The company¹s newest product, the weatherproof Venture 30, is an outstanding representation of the innovative approach Goal Zero takes when solving the needs of personal power on the go.
“We are at the forefront of the era of personal power where people can live their lives beyond the constraints of the traditional electricity system. With Goal Zero products, consumers are free, untethered and powered wherever they go,” said Elizabeth Killinger, president of NRG Retail. “The acquisition of Goal Zero enables us to put power in people's hands and deepens the relationship we have with our customers.”
A Fortune 250 company, NRG is driving innovation in solar and renewable power, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions. Its retail electricity providers serve almost 3 million residential and commercial customers throughout the country. In addition, NRG shares Goal Zero¹s passion for humanitarianism and giving back to communities worldwide.
Goal Zero was recognized as one of Forbes¹ Most Promising Companies of 2014, growing by nearly 17,000 percent in the past three years and earning a No. 9 ranking on the Inc. 500 list; all with financial backing from Sorenson Capital and Mercato Partners.
Goal Zero is committed to continuing its push to create innovative solar power systems that make portable consumer solar power available to all people. To learn more about the latest Goal Zero products, go to www.goalzero.com
Foley & Lardner LLP acted as legal advisor to Goal Zero.
