U.S. Department of Energy Better Buildings® Initiative Names Direct Energy Business as a Financial Ally

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Jul 10, 2017, 09:00 ET

HOUSTON, July 10, 2017 /PRNewswire/ -- Centrica plc, parent company of Direct Energy®, one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services, today announced Direct Energy Business has been selected as a Financial Ally with the Department of Energy's (DoE) Better Business Initiative, established to help public and private organizations find financing for energy efficiency and renewable projects.

Working in partnership with Centrica's Distributed Energy & Power business, Direct Energy Business offers businesses and other large energy users the latest distributed energy solutions, designed to help customers manage energy costs, boost site resilience and reduce carbon emissions.

"Our vision is to deliver comprehensive energy solutions that will help customers turn energy from a cost into a source of sustainable competitive advantage," said Todd Sandford, Centrica Senior Vice President of North America Distributed Energy. "We're proud to provide customers with end-to-end services – from insight to optimization and solutions – delivering the right energy solution, to the right place, in the right way, to power business advantage. These solutions can be delivered as part of a tailored finance package through the Better Buildings Initiative."

Direct Energy Business and ENER-G Rudox, a leading supplier of onsite power and energy solutions acquired by Centrica's Distributed Energy & Power business in 2016, will now be featured on the DoE Financial Navigator online search tool. The site launched in January this year to help businesses explore a wide array of financing choices and identify relevant financing options for their energy efficiency projects. Other notable Financial Allies include Bank of America, Citi, PACE financiers, Green Banks, innovative finance startups and think-tank coalitions.

To find out more, please visit: https://betterbuildingssolutioncenter.energy.gov/partners/direct-energy-business.

About Direct Energy
Direct Energy is one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services with over four million customers. Direct Energy gives customers choice, simplicity, and innovation where energy, data, and technology meet. A subsidiary of Centrica plc (LSE: CNA), an international energy and services company, Direct Energy, its subsidiaries and/or affiliates, operate in 50 U.S. states plus the District of Columbia and 4 provinces in Canada. To learn more about Direct Energy, please visit www.directenergy.com.

About Centrica plc
Centrica plc is an international energy and services company. Our purpose is to provide energy and services to satisfy the changing needs of our customers.

We've been serving customers for over 200 years and aim to be at the centre of their daily lives - central to helping them run their world.

Our two global divisions, Centrica Consumer and Centrica Business, supply energy and energy-related services to over 27 million customer accounts in the UK, Ireland and North America, through strong brands such as British Gas, Direct Energy and Bord Gáis Energy. They do this with the support of 12,000 engineers and technicians.

We're also developing new and innovative products, offers and services for customers through our five growth businesses: Energy Supply, Services, Connected Home, Distributed Energy & Power (DE&P), and Energy Marketing & Trading. Our Connected Home business has developed the Hive product range, including the smart thermostat, which allows customers to control their energy usage from their phone, while DE&P offers integrated energy solutions for commercial and industrial customers, providing customers with end-to-end services – from insight to optimisation and solutions.

Innovation underpins everything we do, which is why we're investing £100m in Centrica Innovations, a new venture to identify, incubate and accelerate new technologies and innovations that can help provide the right offers, products and services for our customers.

We are also targeting active management of the most attractive Exploration & Production developments in our portfolio, reducing scale to between 40–50mmboe of gas and oil per annum, with a focus on the UK, Netherlands and Norway.

For more information visit: www.centrica.com.

SOURCE Direct Energy