Enel North America, a subsidiary of the world's largest retail energy provider, the Enel Group, has launched its retail energy business in select deregulated U.S. states, beginning with Texas.
The move enables commercial and industrial (C&I) organizations to purchase competitively priced renewable energy directly from Enel's generation assets, allowing them to advance their net zero and sustainability goals without having to make the long-term financial commitment of signing a power-purchase agreement (PPA).
Enel is now ready to serve customers in Texas, where it has more than 4 gigawatts of renewable projects operational or under construction. The company plans to expand into other deregulated states, including Ohio, Illinois and Pennsylvania, in 2023.
“Our customers are increasingly seeking alternative ways to purchase renewable energy without having to take a long-term financial position in today's increasingly volatile and uncertain market,” said Gre