- Enel North America has launched its retail energy business in select deregulated US states, starting with Texas
- The launch of Enel’s retail energy offering enables us to meet the needs of all our customers
Enel North America of the Enel Group, the world’s largest retail energy provider, has launched its retail energy business in select deregulated US states, starting with Texas. The move enables commercial and industrial (C&I) organizations to purchase competitively priced renewable energy directly from Enel’s generation assets.
Enel is ready to serve customers in Texas with over 4 GW of renewable projects operational or under construction. The company plans to expand into other deregulated states like Ohio, Illinois, Pennsylvania, etc, in 2023. Also, the head of PPA and renewable energy says Greg Rizzo, Enel North America. “While we continue to be a market leader in PPAs, that structure may not be the best fit for every customer. The launch of Enel’s retail energy offering enables us to meet the needs of all our customers and support them through their entire decarbonization journey.”
The launch of Enel’s retail energy offering follows several other business expansions announced in 2022. Earlier this year, Enel announced the additions of Enel X Way, a new business line dedicated to electric mobility, and Gridspertise, a grid modernization subsidiary, in North America. Enel also revealed its intention to open a large-scale PV solar panel and cell manufacturing facility in the US. As clean energy demand rises, the expansions are part of a larger growth strategy. Enel looks to seize the opportunities and incentives the Inflation Reduction Act brought about to meet market and customer demand.