Retail Supplier Signs New Multi-Year Energy Supply Agreement With Wholesale Provider, Will Support Geographic Expansion, Acquisitions

Current Energy and Renewables (CER), a retail energy supplier which has initially focused on the Ohio market, 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), a wholly owned subsidiary of Mitsubishi Corporation (MC) that manages MC’s power business in the Americas.

Current Energy said that the supply agreement will allow the retail supplier to continue to grow and build its infrastructure into other deregulated states within the USA.

Current Energy further said that the agreement supports new acquisition opportunities

"Current Energy and Renewables’ new relationship with BETM creates long term stability and the ability to enter new markets and wholesale energy procurement relationships. The Company expects the new facility to enhance accelerated strategic growth and support for new acquisition opportunities," Current Energy said

"In answer to the market’s requests, the new BETM facility enables CER to deliver lower energy costs and ensure future profit margins for clients while remaining customer driven. CER is answering this critical market need through enhanced pricing, energy products and terms. CER will actively expand its already strong relationships with the ABC’s in the Ohio market as it aggressively expands into other markets," said John Varnell, Senior Vice President of Sales and Marketing for Current Energy and Renewables

"Current Energy and Renewables concurrently closed a strategic financing with a very strong investment group committed to our long-lasting growth strategy as well as CER’s continued commitment to Environmental, Sustainable and Governance (ESG)," Current Energy said