Start-up Retail Provider, Which Shares Address With Clean Energy Company Which Recently Received $100M Debt Facility, Seeks Texas REP Certificate
August 6, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Start-up Declaration Energy LLC applied for an Option 1 Texas retail electric provider certificate
Declaration Energy shares an address and phone number with Modern Energy. Modern Energy describes itself as, "a holding company for outstanding clean energy businesses, driving various elements of the clean energy transition — from energy efficiency and distributed generation to demand response."
Benjamin Abram is listed as Managing Director of Declaration Energy. Abram serves as Executive Chairman, Head of Investments, and Co-Founder of Modern Energy
Mark Laabs is also listed as Managing Director of Declaration Energy. Laabs serves as CEO & Co-Founder of Modern Energy. Prior to Modern Energy, Laabs served as Chief Operating Officer of Soligent Holdings Inc., which operates Soligent Distribution, described as the largest solar equipment distributor in the Americas, Stellar Energy, a large commercial solar EPC firm, and Solar Engine. Prior to Soligent, Mark served as Climate Bridge’s Chief Operating Officer, based in Shanghai, and a Business Analyst at McKinsey & Company from 2006 to 2008.
Abram and Laabs had previously been listed as leadership for a start-up REP, Pecan Power LLC, which had applied for an Option 2 Texas REP certificate, but Pecan Power withdrew its application without prejudice (see story here)
Modern Energy recently announced a $100 million debt facility from EIG Global Energy Partners to fund the development of clean energy assets.
Among its principles, Modern Energy states on its website, "We believe distributed energy technologies will both disrupt traditional energy markets as well as alter the economics of energy markets in large and small-scale ways."
In its application, Declaration Energy sought authority to collect deposits or advance payments from customers