After 12 years leading NRG Energy, David Crane is stepping down as CEO.
Under Crane, the independent power provider enacted plans to become a leader in renewables and customized electricity offerings -- building up its distributed energy business through a slew of acquisitions and internal restructuring.
But NRG’s stock price has been hit hard this year, and investors became impatient with Crane’s ambitious plans for distributed energy. Now he’s out.
Will NRG still try to execute Crane’s plans under new leadership? Or will it revert back to its old model? This week, Shayle and Stephen discuss the potential outcome with Steve Propper, GTM’s director of grid research.
We’ll also talk about what’s behind RWE’s plans to separate its renewable energy business from its conventional energy business.
Paste the following URL into your preferred podcast app or click the Open Podcast Feed button to subscribe to The Interchange:
Recommended reading:
David Crane Steps Down as NRG’s CEO Amidst Investor Pressure
Utility Spinoffs Continue: RWE Follows E.ON and NRG in Separating Renewables From Conventional Power
Solar Stocks Continue to Plummet in a ‘Bizarre Confluence of Contradictory Events’
