Cerity Partners Ventures to Manage NRG Energy’s $50M Corporate Venture Capital Initiative

Cerity Partners Ventures is proud to announce our relationship with NRG Energy, a leading energy and home services company in the North American energy ecosystem. Below you can read about NRG’s $50 million corporate venture capital fund.

What’s The News

NRG has launched its corporate venture capital fund designed to create strategic opportunities that align with the company’s long-term vision. The $50 million fund will deploy capital over the next 5 to 7 years. NRG is pleased to announce an investment in its portfolio company Equilibrium Energy.

Why It Matters

NRG is a leader in the energy and home services markets driving a stronger and more reliable energy economy. The company serves approximately 8 million residential customers alongside commercial, industrial, and wholesale customers across the U.S. The company provides energy and smart home service to residential customers and energy services to C&I customers. Through its Vivint Home brand, it is a leading smart home company.

Who It’s For

NRG’s corporate venture capital fund will work with early- and mid-stage companies and venture capitalists that are shaping the energy and smart home industries. Key fields of investment include the energy transition, managed home products and services, and energy business operations. The fund will help its portfolio companies and startup partners by providing industry expertise and prioritizing commercialization engagements and pilot programs.

Cerity Partners Ventures (“CPV”), a practice specializing in corporate venture capital, will help manage NRG’s corporate venture capital fund. CPV will work closely with senior executives of NRG in all aspects of operating the fund.

“We believe NRG is the partner of choice for start-ups innovating in the energy and home services sectors to create competitive advantages,” said David Horowitz, Partner and Co-Leader of Cerity Partners Ventures. “Entrepreneurs will continue to seek more than just capital from venture investors, and NRG is well-positioned to bring industry expertise and validation to innovators in the space.”

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