Satori Energy Acquires Retail Energy Broker

Satori Energy has acquired Chicago-based electricity and natural gas broker Save Wave Energy

Save Wave Energy's focus tends towards the C&I side, with most of its electricity book concentrated in PJM. Save Wave Energy also serves customers in Michigan.

The company issued the following announcement:

"Save Wave Energy has entered into an agreement with Satori Energy to manage all existing customer contracts and work to provide customers with additional choices and options through Satori Energy on a going forward basis. Satori Energy has acquired the customer assets of Save Wave Energy and will enhance the level of support for customers and sales agents.

"All customer contracts with suppliers will remain unchanged and Save Wave Energy customers will now have access to more resources through Satori Energy. Customers should continue to contact their respective salesperson with any questions.

"Save Wave Energy founder Richard Donofrio commented, 'This is an opportunity for Save Wave Energy to ensure our clients have access to the highest level of services and products in the marketplace. Additionally, our sales agents and customers will get to experience Satori Energy’s commitment to the energy experience and provide our clients with industry-leading procurement services and back office support.'

"David C. Wiers, President of Satori Energy, stated, 'I have known Richard for a number of years and I am excited to welcome these clients to the Satori Energy family. We will continue the energy experience that Save Wave Energy clients have received over the years and will work to enhance their experience moving forward. We always strive for 'win-win' outcomes and this transaction is another example of our growth mindset as an organization.'"

About Satori Energy

Satori Energy was founded in 2003, is headquartered in Chicago, and has evolved with the changing electricity markets over the past 16 years. Currently serving over 55,000 accounts, Satori has continued its mission in serving its clients through strategic energy procurement, risk management, market monitoring services, and overall energy management solutions for clients in deregulated markets throughout North America.