Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 03, 2015 2:36 PM ET

Electric Utilities

Company Overview of Verde Energy USA, Inc.

Company Overview

Verde Energy USA, Inc. operates as an electricity supply company in Connecticut, New Jersey, Pennsylvania, and Illinois. It serves residential and small business customers ranging from urban condos to large homes in the suburbs and rural areas, as well as from small retail stores to large office and industrial buildings. Verde Energy USA, Inc. was incorporated in 2009 and is based in Norwalk, Connecticut.

101 Merritt Seven

3rd floor

Norwalk, CT 06851

United States

Founded in 2009

Phone:

203-663-5702

Fax:

203-516-2193

Key Executives for Verde Energy USA, Inc.

Chief Executive Officer
Chief Marketing Officer
Compensation as of Fiscal Year 2014.

Verde Energy USA, Inc. Key Developments

Verde Energy USA Expands Operations in Illinois

Verde Energy USA announced that it has significantly expanded its operations as an energy provider for Illinois communities. This continued expansion follows a number of recent Request-for-Proposal wins under Illinois' electricity choice aggregation program. These wins include municipalities that are first-time participants in the aggregation program, as well as those communities that are renewing their supplier contracts. Having been selected as their retail power and energy solutions provider, the company is able to provide cost effective energy for its Illinois customers. Compared to Com Ed's effective residential supply rate at the time of the municipal aggregation selection, the company will save Illinois customers on average over 30% or in excess of $30 million annually. Including its recent wins, the company is providing the State of Illinois with approximately 260,000 MWh of renewable energy sources annually, avoiding over 128,000 metric tons of carbon dioxide (CO2)--the emissions equivalent of 14 million gallons of gasoline consumed. The company in conjunction with its partner Ice Energy, has also launched a pioneering Energy Storage Solutions Program in Illinois with the cities of St. Charles, Naperville, and Evanston to demonstrate the energy efficiency potential of thermal energy storage technology. The projects use the Ice Bear system, which replaces conventional air conditioning condensing units in air conditioners. This proven clean energy storage system has reduced energy costs and contributed to energy efficiencies in cities and towns across the country. The Ice Bear systems are now installed at St. Charles' Municipal Water Treatment Laboratory building, at Naperville's Water Service Center and at Evanston's Chandler-Newberger Community Center, and will operate throughout the summer, with tours and demonstrations available.

Similar Private Companies By Industry

Company Name Region
PacifiCorp Delaware LP United States
Lakeland Electric, Inc. United States
Sterling Chemical Energy Inc United States
Eagle Point Power Generation LLC United States
National Grid Energy Management, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Verde Energy USA, Inc., please visit www.lowcostpower.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.