NRG Energy Makes a Strategic Investment in Geostellar, a Provider of Advanced Geomatic Technology for Solar DevelopersJune 2012
Blank Rome advised NRG Energy (NYSE: NRG) in its strategic venture investment in Geostellar, a provider of advanced geomatic technology. Through its proprietary predictive algorithms, Geostellar allows property owners in active solar markets to easily determine key solar project factors including rate of return, potential electricity savings and environmental benefits. Using three-dimensional simulation, Geostellar is able to model solar projection and financial performance for potential project sites. GeoEye, Inc. (NASDAQ: GEOY), the State of Maryland and Flash Forward Ventures also participated in the investment.