SCOTTSDALE, Ariz. – Current Energy and Renewables (CER), a burgeoning retail energy supplier with a track record for 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) that manages MC’s power business in the Americas.
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).
“Completing our Supply and Services agreement with BETM in the middle of the Covid-19 global pandemic and during these challenging economic and political times was a monumental achievement for CER. The synergy we encountered with BETM and their entrepreneurial culture made this the perfect fit for the team at Current Energy and Renewables. Our company can now continue to grow and build our infrastructure into other deregulated states within the USA. I’m excited for what the future brings for our customers, suppliers, channel partners, and employees as we enter exciting new markets and grow in existing markets,” says David Coburn, Executive Chairman for 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 procurement relationships. The Company expects the new facility to enhance accelerated strategic growth and support for new acquisition opportunities.
“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,” added John Varnell, Senior Vice President of Sales and Marketing for Current Energy and Renewables.
