Transparent energy thrives as C&I and institutional clients embrace online auctions to become more sustainable and hedge against volatility

Company Wins Major New Energy Buyers, Expands Talent Pool and Programs to Capitalize on Major Growth Opportunities

FAIRFIELD, NJ and CHICAGO, Jan. 25, 2022 (GLOBE NEWSWIRE) — Transparent Energy, the nation’s leader in energy auctions, today announced an increase in bookings in the fourth quarter, capping a transformative 2021 that saw seen a growing number of large buyers of electricity, natural gas and green energy turn to the company for its leading energy consulting and energy procurement services. Driven by growing demand for renewable energy and increasing volatility in energy commodity prices, Transparent Energy increased total energy under management by more than $250 million for the second year in a row, attracting new companies from private equity, REITs, associations, manufacturers, data centers, cities and towns, and other large energy buyers to its customer list; customers renewed at a record rate; and increased headcount by more than 25% in all departments.

“After years of historically low energy commodity prices, 2021 has reintroduced something that many energy buyers were no longer used to – extreme price volatility,” said Dustin Scarpa, co-founder and managing partner. of Transparent Energy. “As large energy buyers watched a triple-digit spike in natural gas prices and its ramifications on electricity prices, the need to partner with a market expert, with a proven process to providing price discovery and price compression while hedging risk has become paramount. . Transparent Energy has proven to be that partner, winning new business across the country, renewing existing accounts, and consistently exceeding customer expectations.

Key achievements of Transparent Energy in 2021 included:

  1. Increase in total energy under management of more than $250 million for the second consecutive year, adding new private equity firms, REITs, associations, manufacturers, data centers, cities and other large energy buyers to its ranks of clients, while several of its BDMs have surpassed fourth quarter quotas by more than 200%.

  2. Large-scale renewable energy transactionsmore than 2.6 million RECs since May 2020, greening 2.6 billion kWh electricity use in the commercial, industrial and institutional sectors, including large Community Choice Aggregations (CCAs), cities and towns.

  3. Creation of two new revenue-generating divisions, Channels and Associations, gaining significant market traction in each.

  4. Staff increase of more than 25%, including several leadership positions, deepening Transparent Energy’s sustainability talent pool; Sales and Marketing; Customer service; Business development; operations; and Market Intelligence & Pricing Desk to meet the growing demand for its services.

  5. Industry-leading customer satisfaction and auction close rates, exceeding 99%.

Paul Shagawat, co-founder and managing partner of Transparent Energy, concluded: “As energy continues to grow in strategic importance, both from a sustainability perspective and as a cost center, large buyers of energy need a supply partner who can help them reduce their market exposure. volatility and trade green and traditional energy with confidence. In 2021, Transparent Energy has established itself as the go-to resource for both, while building its team and capabilities to accelerate future growth and ensure customer success in 2022 and beyond.

For more information on Transparent Energy’s market-leading energy procurement and advisory services, or to sign up for the company’s monthly market analysis, please visit www.transparentedge.com or contact [email protected] transparentedge.com.

About transparent energy
Transparent Energy is the go-to resource for businesses and C&I institutions for energy procurement and energy advisory services. The company’s clients include large associations and corporations in automotive, education, financial services, healthcare, manufacturing, private equity, real estate (REIT and property management), retail and technology. Through a proven process delivered by the most experienced retail energy professionals and industry-leading online auction technology, Transparent Energy has generated hundreds of millions of dollars in operational savings for customers across the world. ‘North America. For more information, visit www.transparentedge.com.

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