PR92137

SCOTTSDALE, Ariz., Oct. 7, 2021 /PRNewswire=KYODO JBN/ --

Current Energy and Renewables (CER), a burgeoning retail energy supplier with a

track record for success in the Ohio deregulated energy market, announced its

new multi-year supply agreement with Boston Energy Trading and Marketing LLC

(BETM) on February 8, 2021. BETM is a wholly owned subsidiary of Diamond

Generating Corporation (DGC), a wholly owned subsidiary of Mitsubishi

Corporation (MC) that manages MC's power business in the Americas.

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Current Energy and Renewables concurrently closed a strategic financing with a

very strong investment group committed to our long-lasting growth strategy as

well as CER's continued commitment to Environmental, Sustainable and Governance

(ESG).

"Completing our Supply and Services agreement with BETM in the middle of the

Covid-19 global pandemic and during these challenging economic and political

times was a monumental achievement for CER. The synergy we encountered with

BETM and their entrepreneurial culture made this the perfect fit for the team

at Current Energy and Renewables. Our company can now continue to grow and

build our infrastructure into other deregulated states within the USA. I'm

excited for what the future brings for our customers, suppliers, channel

partners, and employees as we enter exciting new markets and grow in existing

markets," says David Coburn, Executive Chairman for Current Energy and

Renewables.

Current Energy and Renewables' new relationship with BETM creates long term

stability and the ability to enter new markets and wholesale energy procurement

relationships. The Company expects the new facility to enhance accelerated

strategic growth and support for new acquisition opportunities.

"In answer to the market's requests, the new BETM facility enables CER to

deliver lower energy costs and ensure future profit margins for clients while

remaining customer driven. CER is answering this critical market need through

enhanced pricing, energy products and terms. CER will actively expand its

already strong relationships with the ABC's in the Ohio market as it

aggressively expands into other markets," added John Varnell, Senior Vice

President of Sales and Marketing for Current Energy and Renewables.

About Current Energy and Renewables

Established in 2017 and headquartered in Scottsdale, Arizona, Current Energy

and Renewables provides large and small businesses, government agencies and

residential customers with competitively priced electricity, sustainability

solutions and exceptional customer service. The Current Energy and Renewables

team boasts over 40 years of experience in the international energy industry

and is focused on streamlining all components of energy supply. For more

information, please visit www.currentenergyrenewables.com.

About Boston Energy Trading and Marketing LLC

Boston Energy Trading and Marketing LLC (BETM), a Mitsubishi Corporation

subsidiary, provides asset management and optimization services to owners of

generation and energy storage in North America, and wholesale energy to retail

power and gas suppliers. BETM traders cover competitive power markets including

Northeastern, Midwest and Western markets. Driven by a fundamentals-based

approach, its team develops and maintains electric-transmission, gas network

and supply/demand models to inform market views for trading opportunities. DGC

acquired BETM from NRG Energy in August 2018, and prior to 2014 BETM was known

as Edison Mission Marketing & Trading. Mitsubishi Corporation provides

investment-grade credit support for BETM's commercial activities. For more

information, please visit www.betm.com.

About Mitsubishi Corporation

Mitsubishi Corporation (MC) is a global integrated business enterprise that

develops and operates businesses together with its offices and subsidiaries in

approximately 90 countries and regions worldwide, as well as a global network

of around 1,700 group companies. MC has 10 Business Groups that operate across

virtually every industry: Natural Gas, Industrial Materials, Petroleum &

Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility,

Food Industry, Consumer Industry, Power Solution and Urban Development. Through

these 10 Business Groups, MC's current activities have expanded far beyond its

traditional trading operations to include project development, production and

manufacturing operations, working in collaboration with our trusted partners

around the globe. For more information, please visit www.mitsubishicorp.com

David Coburn, +1 (602) 315-1231, DCoburn@CPG-Energy.com

SOURCE  Current Energy and Renewables