Retail Supplier Acquires Book Of Customers, Continues To Actively Seek More Books

Source Power Company announced the purchase of a portfolio of electricity supply customers in New York State from Buy Energy Direct, LLC.

"We are pleased to announce the purchase of a portfolio customer book from Buy Energy Direct," said Vincent Palmieri, Chief Operating Officer of Source Power. "The feedback from the market has been positive, and we see this as yet another signal that our hybrid product has been able to fill a void for a consumer product that offers the standard of value that aligns a meaningful savings with inclusive renewable energy programs that further the state's clean energy goals."

Palmieri added, "We continue to actively seek new development partners, books of business, and land suitable for development."

This latest acquisition follows Source Power's previously reported purchase of a book of electricity supply customers in the NiMo service territory in New York from Renaissance Power & Gas, Inc last month.

"With roots in the solar development industry through its sister company Source Renewables, Source Power sits strategically at the intersection of project finance, renewable generation, and energy supply. This allows Source Power to match solar generation with power consumers and use its vertical integration to ensure efficiencies are passed along to customers at competitive prices. Source Power represents a reboot of the retail energy industry and is on a mission to further the energy transition by changing the way people think about energy with an improved customer experience and innovative products and services that help advance clean energy goals and democratize those same benefits for all," Source Power said

Source Power Company is a trade name of Icon Energy, LLC