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February 28, 2019

Green Mountain Power named one of most innovative companies in the world

For the third year in a row, Green Mountain Power earned a spot among the top10 most innovative energy companies in the world, landing at number 5 in energy as Fast Company released its prestigious list of the World’s Most Innovative Companies for 2019. GMP joins companies like Apple, Stitch Fix and Peloton on the list.

Fast Company highlighted GMP’s groundbreaking work on grid transformation to cut carbon and costs with stored energy, saying, “By adding batteries to individual homes, the grid gets stronger… the utility can draw from the network of batteries and avoid emissions.”

Last summer, GMP and Vermont led the way by drawing from shared energy in hundreds of Powerwalls in customers’ homes along with larger, utility-scale batteries to offset carbon and more than $500,000 in costs for all GMP customers.

“This recognition for team Vermont is so meaningful. It is proof that innovation is critical to cut carbon and lower costs for all of the customers we serve, and that the work can’t stop,” said Mary Powell, GMP’s President and CEO. “Vermont is a small state but we can make a big impact working together and leading the way for other states in innovation and the fight against climate change.”

Along with the Powerwall program, GMP also broke new ground by designing and launching a super-transparent, interactive online outage center where customers can report outages, track progress, and get estimated restoration times. The maps and stats load easily on cellphones to empower customers with information in real time (info updates as GMP gets it) during outage events. GMP’s business innovation team also worked with large and small companies across the state on energy transformation projects that help them reduce fossil fuel use to cut costs and carbon – all told these 2018 projects will offset 80 million pounds of carbon.

In 2019, GMP already has a full slate of new business innovation projects and construction is set to start on three solar installations with large batteries to increase local clean power generation and cut carbon and costs for all customers.

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