European Retail Supplier Entering U.S. Markets, Names U.S. Market Veteran As Managing Director

Axpo, a European energy trader and retail supplier in various jurisdictions including the United Kingdom, announced that it will launch business activities in the United States in 2016.

Effective January 1st 2016, Jeremy Wodakow, who since 2013 has served as Head of North America Gas & Power Origination and Structuring at Noble Americas, will take on the role of the Managing Director of Axpo U.S.

Wodakow previously held senior positions at Goldman Sachs and TPG Capital.

"After successfully establishing its energy trading activities and its origination business model in 35 European markets during the past years, Axpo decided to roll out its activities beyond Europe in spring 2015. Clear growth potential was identified in certain regional markets in the United States, which display considerable similarities with European markets, namely the North-east and Texas," the company said.

"Axpo U.S. will concentrate on trading and delivering a full suite of energy solutions to producers, consumers and other participants in the energy markets. The objectives include procuring energy, supplying power to end users and providing other energy risk management solutions," the company said.

In the U.K., Axpo focuses on serving large commercial and industrial customers. The company also focuses on supplying renewable energy