Current Energy and Renewables signs new multi-year energy supply agreement with subsidiary Mitsubishi

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SCOTTSDALE, Arizona., October 6, 2021 / PRNewswire / – Current Energy and Renewables (CER), a growing retail energy provider with a history of success in the Ohio deregulated energy market, announced its new multi-year supply agreement with Boston Energy Trading and Marketing LLC (BETM) on February 8, 2021. BETM is a wholly owned subsidiary of Diamond Generating Corporation (DGC), a wholly owned subsidiary of Mitsubishi Corporation (MC) which manages MC’s energy activities in the Americas.

Current Energy and Renewables simultaneously entered into a strategic financing with a very strong investment group committed to our long-term growth strategy as well as CER’s continued commitment to the environment, sustainability and governance. (ESG).

“Closing our supply and service agreement with BETM amid the global Covid-19 pandemic and these difficult economic and political times has been a monumental achievement for CER. The synergy we encountered with BETM and their entrepreneurial culture made them the perfect fit for the team at Current Energy and Renewables.Our company can now continue to grow and build our infrastructure in other deregulated states within the United States. I am excited about what the future holds for our customers, suppliers, channel partners and employees as we enter exciting new markets and expand into existing markets, ”said David Coburn, Executive Chairman of Current Energy and Renewables.

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

“In response to market demands, the new BETM facility enables CER to reduce energy costs and ensure future profit margins for customers while remaining customer focused. CER addresses this critical market need through improved pricing, energy products and conditions. extend its already strong relationship with the CBA in the Ohio market while it is aggressively developing in other markets ”, added John varnell, Senior Vice President of Sales and Marketing for Current Energy and Renewable Energy.

About current energy and renewable energies

Created in 2017 and based in Scottsdale, Arizona, Current Energy and Renewables provides competitively priced electricity, sustainability solutions and exceptional customer service to large and small businesses, government agencies and residential customers. The Current Energy and Renewables team has over 40 years of experience in the international energy industry and is focused on streamlining all components of the energy supply. For more information, please visit www.currentenergyrenewables.com.

About Boston Energy Trading and Marketing LLC

Boston Energy Trading and Marketing LLC (BETM), a subsidiary of Mitsubishi Corporation, provides asset management and optimization services to owners of energy production and storage systems in North America, and wholesale energy to retail electricity and gas suppliers. BETM traders cover competitive electricity markets, including the Northeast, Midwest and West markets. Driven by a fundamentals-based approach, her team develops and maintains power transmission, gas grid and supply / demand models to inform market views on business opportunities. DGC acquired BETM from NRG Energy in August 2018, and prior to 2014, BETM was known as Edison Mission Marketing & Trading. Mitsubishi Corporation provides quality credit support for the business activities of BETM. For more information, please visit www.betm.com.

About Mitsubishi Corporation
Mitsubishi Corporation (TM) is an integrated global trading company that develops and operates businesses with offices and subsidiaries in approximately 90 countries and regions around the world, as well as a global network of approximately 1,700 group companies. MC has 10 business groups that operate in virtually every sector: natural gas, industrial materials, petroleum and chemicals, mineral resources, industrial infrastructure, automotive and mobility, food industry, consumer industry, energy solutions and urban development. Through these 10 business groups, MC’s current activities have expanded well beyond its traditional business operations to include project development, production and manufacturing operations, working with our trusted partners around the world. . For more information, please visit www.mitsubishicorp.com

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David Coburn, (602) 315-1231, DCoburn@CPG-Energy.com

Related links

www.currentenergyrenewables.com

SOURCE Current energy and renewable energies


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