ENGIE Resources to Power Leading Global Smelter and Refiner Techemet LP; Custom Solution Provides Flexibility and Tools to Optimize Market Movements

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May 25, 2017, 05:05 ET

HOUSTON, May 25, 2017 /PRNewswire/ -- ENGIE Resources, the third-largest non-residential electricity provider in the United States and leader of an "Energy Revolution," announced that it has entered into a multi-year agreement to power Techemet LP, the global provider of automobile catalytic converter recycling and precious metal trading services, based in Pasadena, Texas.

Techemet executives involved in the deal said there were a number of factors that contributed to the selection of ENGIE Resources. Primarily, the supplier stood out from competitors in its ability to deliver a flexible product backed by the tools and resources needed to take advantage of market price movements.

Shawn Dougherty, Director of Engineering at Techemet, said, "ENGIE Resources really stepped up to the plate to bring an offer to the table that other suppliers just couldn't match. As we went through the process, a lot of companies claimed they could provide platforms to support more informed decisions, but nothing really came close to the value delivered through ENGIE's VPower™. After seeing the capabilities of this tool – and receiving incredible customer service and competitive pricing – it was clear that ENGIE Resources was the best fit for us."

VPower is designed to help customers better understand and optimize electricity usage, peak demand, and market opportunities in real time to achieve a more manageable load profile and lower cost of energy. The dynamic reporting tool combines hardware at the meter with online software to provide actionable intelligence to energy managers.

"We're honored to work with one of the largest recyclers of platinum-group metals in the world," said JD Burrows, Vice President of Marketing for ENGIE Resources. "I think our willingness to work closely with Techemet gave us the understanding we needed to make sure they were getting exactly what they wanted from their power agreement. We're excited to deliver added value through our customized solution and are grateful to Techemet for giving us the opportunity to earn their business."

Techemet joins the growing number of ENGIE Resources customers who have enrolled in the VPower platform for its far-reaching benefits. The service not only helps customers realize goals in terms of energy consumption and costs, but also furthers the objectives of grid operators, regulators, and society by helping to reduce system demands and stress, improve reliability, and support a lower-carbon future.

Techemet is one of the largest smelters and refiners of automotive catalytic converters and industrial catalysts in the world. The company manages three submerged arc furnaces with a combined capacity of 30 million pounds of feed per annum. Its smelting operation is unique in that it generates no waste streams: everything is recycled.

ENGIE Resources' "Energy Revolution" is an initiative to shift emphasis away from providers' traditional role, which has been to help customers manage price risk alone, and toward helping customers manage both price and quantity – how much they use, when they use it, and what they pay.

By providing the tools, resources, and technologies to do that, suppliers can help customers make better, smarter decisions about their consumption, saving energy and money.

About ENGIE Resources
ENGIE Resources, which rebranded in 2016, is the third-largest non-residential retail electricity supplier in the United States and currently serves commercial, industrial, and institutional customers in 14 markets: Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, and Washington, D.C. The company serves nearly 90,000 accounts for customers having a peak demand ranging from 50 KW to more than 200 MW, with an estimated peak load totaling nearly 13,000 MW. For more about ENGIE Resources, visit www.engieresources.com or call 1-866-999-8374. Follow ENGIE Resources on Twitter and Facebook.

The company offers electricity service to residential and small business customers in Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, and Washington, D.C., under the brand Think Energy^®. Think Energy^®works every day to be "The Unsurprise Energy Company," providing customers transparent, competitive fixed prices, easy-to-use online tools, and excellent customer service. For more information, visit www.thinkenergy.com, or call 1-888-923-3633, or email [email protected].

ENGIE Resources & Think Energy^® are part of ENGIE North America, which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, retail energy sales, as well as services to help customers run their facilities more efficiently and optimize their energy use and expense. For more information on ENGIE North America, visit www.engie-na.com or Twitter.

SOURCE ENGIE Resources