SOURCE POWER COMPANY ANNOUNCES ACQUISITION OF RENAISSANCE POWER & GAS'S NIAGARA MOHAWK CUSTOMER CONTRACTS; ACTIVELY SEEKING NEW PARTNERS AND PROJECTS
Committed to providing low-cost, renewable energy to New York State residents
WHITE PLAINS, N.Y., November 17, 2021 (Newswire.com) - Source Power Company, a New York regulated energy supplier and community solar subscriber acquisition company, today announced the purchase of a book of electricity supply customers in the Niagara Mohawk Power Corporation d/b/a National Grid Service territory in New York. Source Power Company acquired the customer book from Renaissance Power & Gas, Inc.
"We are pleased to announce the purchase of the customer book from Renaissance Power and Gas Inc in the Niagara Mohawk service area," said Daniel Major, Chief Revenue Officer of Source Power Company. "This acquisition represents the tremendous work and effort from Source Power Company to demonstrate its commitment to providing low-cost, renewable energy to New York State residents, as well as to provide the security and reliability that solar energy provides to prospective customers who are looking to make the transition to investing in a green future."
"Source Power Company is committed to its goal of becoming the largest energy provider in New York State, and we are proud of this latest acquisition of the Niagara Mohawk customer book," said Vincent Palmieri, Chief Operating Officer of Source Power. "This is the first of multiple book acquisitions that we are looking forward to closing in our effort to bring affordable energy in the form of community solar subscription to all residents in New York. We continue to actively seek new development partners, books of business, and land suitable for development."
Source Power Company will be the new electric provider to the former customers of Renaissance Power and Gas, Inc. in the Niagara Mohawk service area. The terms and conditions over which the customers initially agreed with the former provider will be honored by Source Power Company.
For information on getting involved in new projects or becoming a partner, contact our M&A department at manda@sourcepowerco.com or 917-722-6141 with any opportunities.
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About Source Power Company
Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier in New York State. Source Power provides innovative solutions that pair energy supply with renewable energy generation, providing a unique value proposition to customers and advancing the state's clean energy goals. 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 improve products and services, through advanced technology and superior customer experience, while helping the environment and strengthening the communities it serves. Find out more about Source Power Company on its website: https://sourcepowerco.com/.
Media Contact:
Alyssa Pfitscher, Lansons
845-594-7290
apfitscher@intermarket.com
Source: Source Power Company