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Start-up Retail Supplier Announces Wholesale Power Supply Facility Agreement, Will Support Expansion Outside Of Texas
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Branch Energy and ENGIE Energy Marketing, NA, Inc today announced a $40M strategic non-dilutive wholesale power supply facility.
"The agreement will provide Branch Energy with access to U.S. wholesale energy markets and working capital, as well as the ability to leverage ENGIE Energy Marketing's extensive renewable energy platform," the companies said
Earlier this year, Branch Energy launched its first market in Texas.
Branch Energy's launch was exclusively first reported by EnergyChoiceMatters.com. See background on the company here
"The new facility will enable the company to accelerate its growth in the state and to expand into markets across North America," the companies said
"Branch Energy both sells electricity with an easy-to-use platform and leverages data and artificial intelligence (AI) to determine which smart devices will help reduce a consumer's energy bill the most and helps to coordinate the installation and financing of the devices. This combination of green energy and energy-monitoring smart devices not only saves consumers money but also reduces their carbon footprint," the companies said
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January 12, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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