NRG Acquires Roof Diagnostics Solar (RDS)

NRG Energy, Inc. said that it has acquired, "one of the nation's leading residential solar companies," Roof Diagnostics Solar (RDS), "to support and expand the company's efforts to empower its customers to control their own energy destiny through clean self-generation."

"RDS will complement NRG's extensive network of independent solar installers and dealers and significantly increase the ability of NRG to meet the growing demand for high quality residential solar services delivered by a market leader in delivering retail electricity services in the home," NRG said.

"With the price of residential solar increasingly competitive with the retail price of power in multiple states, the time is now for NRG to ramp up its efforts to bring the benefit of self generation to NRG's millions of present and future retail electricity customers," said David Crane, President and CEO of NRG Energy. "Roof Diagnostics Solar, its management and all of its dedicated employees are a perfect fit with NRG as together we take a big step towards a national residential solar business platform. With residential solar sales expected to take off in the next few years, NRG wants and expects to meet the demand of Americans in every state who are seeking to benefit from the inexhaustible supply of clean energy provided by the sun while affording themselves greater independence from an increasingly less reliable electric grid."

NRG said that RDS is one of the largest solar sales and installation companies in America and a market leader in every state they operate. NRG said that the 475-employee company has experienced tremendous growth in just a few short years in the Northeast and is now expanding into California and other areas.

Terms of the transaction are not being disclosed.