Hanwha Energy USA Subsidiary Expands Retail Electricity Business in PJM
Acquisition of Powervine Energy establishes a multi-brand retail platform serving customers across competitive PJM markets
174 Power Global Retail Corporation, a wholly owned subsidiary of Hanwha Energy USA Holdings Corporation, today announced its entry into competitive retail electricity markets within the PJM region.
174 Power Global Retail Corporation, which operates Chariot Energy and Pumpjack Power in Texas, has acquired Powervine Energy, LLC and Powervine Energy MD, LLC. Subject to applicable state licensing and regulatory requirements, the company will market and sell retail electricity under the Chariot Energy Northeast and Powervine Energy brands. Product availability, pricing and contract terms will vary by state.
The expansion positions 174 Power Global Retail Corporation to serve residential, commercial and industrial electricity customers through licensed brokers, consultants and energy aggregators, as permitted under applicable state law.
