Retail Supplier Signs New Multi-Year Energy Supply Agreement
Also Secures Infusion Of Capital In Separate Transaction
July 13, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Liberty Power today announced a new multi-year supply agreement with Boston Energy Trading and Marketing LLC (BETM).
BETM is a wholly owned subsidiary of Diamond Generating Corporation (DGC), an independent power producer and wholly-owned subsidiary of Mitsubishi Corporation.
"In a separate transaction, Liberty Power also completed a restructuring of its capital structure and secured an infusion of fresh capital," Liberty Power said
"Transitioning to a new service provider in the midst of the COVID19 global pandemic was not without its unique challenges," said David Hernandez, Liberty Power CEO and co-founder. "Now with new capital and the BETM power supply agreement in place, Liberty Power is well-positioned to continue to grow. I am excited for our employees, channel partners and customers as we continue our drive to create value for our customers in meeting their energy needs."
"The Company expects the new facility to enable organic growth and to improve its ability to deliver value to its channel partners and customers," Liberty Power said