01 Nov ENGIE buys Plymouth Rock Energy; CleanChoice pairing battery storage with solar in Maryland
Private equity fund sells Plymouth Rock Energy to ENGIE Resources. ENGIE Resources has acquired Plymouth Rock Energy from MVC Private Equity Fund, the fund’s parent, MVC Capital Inc., announced in a press release. The deal still requires approval from the Federal Energy Regulatory Commission, Consummation; nonetheless, the transaction is scheduled to close by Nov. 30. “The Plymouth team has built a leading energy marketing company in the Northeast through the hard work of its highly-skilled personnel and strong investment partners,” said Plymouth President Adam Sokol. “Since 2004, we have organically grown the business through strong customer relationships and customer service, and we believe that the business is well positioned for future growth under ENGIE,” said Plymouth Vice President David Sokol. “We are very happy with the purchase, and the fine job done by Plymouth staff to build this portfolio of customers,” said Graham Leith, Senior Vice President, Head of Retail, ENGIE Resources. “Plymouth’s customers will join our portfolio of over 25,000 commercial & industrial power & natural gas customers, expanding our market share in New York, and it should give us a much larger presence down-state.”
CleanChoice Energy partners with Swell Energy to pair storage with solar. CleanChoice Energy has partnered with Swell Energy to offer home energy storage batteries to Maryland residents for the first time, according to the press release announcing the partnership. The company said Maryland residents can obtain “clean home energy backup” and may become eligible for a state tax credit of up to $5,000. “People need reliable backup power now more than ever. Climate change is fueling extreme weather that makes the grid more vulnerable to power outages at the exact time that we all depend on electricity for nearly everything. Marylanders can now have peace of mind knowing their lights will stay on when the power goes out,” said Tom Matzzie, CEO of CleanChoice Energy. “Home battery backup makes our homes more resilient, helps move us closer to 100 percent clean energy, and can make dirty generators obsolete.”
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