Cason Crane
Search results
David W. Crane (born 1959) is an American lawyer, investment banker and business executive in the energy industry. He currently serves as the Undersecretary for Infrastructure in the United States Department of Energy.
David Crane is a former CEO of NRG and a leading voice in sustainability and clean energy. He is now the Under Secretary for Infrastructure at the Department of Energy, overseeing the Office of Clean Energy Demonstrations.
- “The Thing I Struggle with Most”
- "Limitless, with The Most Exciting Potential"
- “The Industry Needs A Standard-Bearer”
- "Crazy Man Crane"
- "Least Customer-Friendly Entities on Earth"
- "His Impact Will Be Felt For Years to Come"
Crane pointed out that on NRG’s fourth-quarter earnings call, the company announced record-breaking EBITDA-- a measure used to evaluate the operational health of a business. In addition, NRG’s retail electricity arm experienced its best-ever results since the business was acquired in 2009. EBITDA doesn’t tell the whole story, however; NRG posted a ...
Many have tried to make sense of why Crane was pushed out of NRG, including Crane himself. Many are still trying to figure out what it means for NRG, but also for the broader clean energy sector. SunEdison’s rapid decline and bankruptcy filing has only fueled greater uncertainty. At the same time, regulatory changes to net-metering policy in Nevada...
Steve McBee, former CEO of NRG Home, said in a recent interviewthat he sees a growing appetite among private equity investors to deploy capital in clean, distributed energy. Many of these large funds have money set aside to invest in a utility 2.0 type of company -- the difficulty has been finding businesses that can scale. It’s unclear what the wi...
Although he’s thought of today as clean energy champion, Crane said he’s “a little embarrassed" that he didn’t give much thought to climate change until 2006. Even once he saw the need to reduce emissions, NRG’s move into renewables was more about pragmatism than passion. On a 2009 earnings call Crane called renewables “a fact of life.” When NRG ma...
Natural gas prices have plummeted from around $13 per million BTU in June 2009 to $2 per million BTU today, saving utilities billions on resource spending. But regulated utilities haven’t turned the precipitous drop in commodity prices into savings for customers; they’ve predominantly been investing those dollars back into the same poles and wires ...
Crane’s vision for NRG didn’t come to fruition, but that doesn’t mean the company won’t do meaningful things in the renewable energy space. With more than 4,500 megawatts of renewables still owned or operated by NRG, CEO Mauricio Gutierrez said the company remains focused on renewables development, particularly large-scale projects. So the transiti...
- Julia Pyper
Feb 21, 2017 · David Crane had the quixotic notion of transforming NRG Energy into a major renewable provider—and still make oodles of money. It only cost him his job.
Aug 3, 2022 · President Biden has found that leader in David Crane. As CEO of NRG Energy, David led one of the country’s largest power companies with one of the most diverse mixes of power generation.
Aug 23, 2023 · As the CEO of the behemoth power provider NRG Energy Inc., Crane had led an ambitious campaign to dramatically boost renewable energy. NRG’s stock price was cratering, and the board of...
Mar 8, 2016 · As NRG moves on, Crane has found ways to retain a voice, including as editor at large at GreenBiz and accepting a role as director at ACWA Power, which has a presence in a dozen countries.
