Verde Energy USA Expands Operations in Illinois

Servicing Over 150,000 Customers and Providing 260,000 MWh of 100% Green Energy

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Jun 05, 2013, 01:37 ET

NORWALK, Conn., June 5, 2013 /PRNewswire/ -- Verde Energy USA ("Verde"), a leading independent retail power supplier and energy solutions provider, announced today that it has significantly expanded its operations as an energy provider for Illinois communities. This continued expansion follows a number of recent Request-for-Proposal wins under Illinois' electricity choice aggregation program. These wins include municipalities that are first-time participants in the aggregation program, as well as those communities that are renewing their supplier contracts.

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Recent cities that have selected Verde as their energy and energy solutions provider include Evanston, Lansing, Morton Grove, Zion, Villa Park, Hanover Park, and Kankakee. In total, Verde now services over 150,000 customers in 27 communities within the State of Illinois. Having been selected as their retail power and energy solutions provider, Verde is able to provide cost effective energy for its Illinois customers. Compared to Com Ed's effective residential supply rate at the time of the municipal aggregation selection, Verde will save Illinois customers on average over 30% or in excess of $30 million annually. Including its recent wins, Verde is providing the State of Illinois with approximately 260,000 MWh of renewable energy sources annually, avoiding over 128,000 metric tons of carbon dioxide (CO2)—the emissions equivalent of 14 million gallons of gasoline consumed.

Verde, in conjunction with its partner Ice Energy, has also launched a pioneering Energy Storage Solutions Program in Illinois with the cities of St. Charles, Naperville, and Evanston to demonstrate the energy efficiency potential of thermal energy storage technology. The projects use the Ice Bear™ system, which replaces conventional air conditioning condensing units in air conditioners. This proven clean energy storage system has reduced energy costs and contributed to energy efficiencies in cities and towns across the country. The Ice Bear systems are now installed at St. Charles' Municipal Water Treatment Laboratory building, at Naperville's Water Service Center and at Evanston's Chandler-Newberger Community Center, and will operate throughout the summer, with tours and demonstrations available.

Thomas FitzGerald, President and CEO of Verde Energy USA, said, "We are very pleased to continue the expansion of our business within Illinois and help communities generate cost savings. We are also pleased to provide renewable, cost-competitive energy electricity plans. Our growth in this market reflects the strength of Verde's energy and service offerings, as well as Illinois residents' desire for cost-efficient energy and clean technologies. We look forward to continuing the momentum we've built in Illinois, as well as expanding our other value-add programs, such as our thermal energy storage partnerships."

In addition to Verde's energy supply offering, customers also have unlimited, exclusive access to Verde Energy Savings Solutions (ESS) tools, which include online platforms for monitoring and analyzing monthly energy usage, discounts on energy-saving products and access to Verde's energy efficiency blog. Customers also receive Verde's exclusive newsletter, which provides objective insight on current energy issues and how they are impacting customers; example topics include: current energy policy changes (local and national) and how they impact consumers, and the latest trends for improving efficiency, reducing energy consumption and increasing savings, among others.

About Verde Energy USA

Verde Energy USA is a Retail Energy Supplier focused on the residential and small to mid-size commercial power markets. Through Verde Energy Solutions, its wholly-owned subsidiary, Verde aims to broaden and accelerate the adoption of state-of-the-art clean energy technologies. Headquartered in Norwalk, Connecticut, Verde Energy USA has grown substantially since its market launch in November 2009, and now services Connecticut, New Jersey, Pennsylvania, Illinois, Ohio, New York, Massachusetts, and Maryland markets. For more information, visit www.verdeenergyusa.com.