Stamford, Connecticut-based trading house Freepoint Commodities announced on August 9 that it has launched a competitive retail energy supplier that will focus on meeting the energy needs of commercial and industrial (C&I) customers.
The new company – Freepoint Energy Solutions – intends to offer C&I customers power and gas solutions, while leveraging Freepoint’s expertise in the wholesale energy markets and allowing it to expand its overall customer base.
Founded in March 2011, Freepoint is in “expansion mode” CEO David Messer told Bloomberg News in a May telephone interview – enjoying one of its most profitable years ever.
The company has hired Bradley Quester to serve as president of the new competitive energy retailer. An industry veteran, Quester has years of experience in previous leadership roles at competitive energy suppliers, including Constellation Energy, Direct Energy; and, most recently, Guttman Energy.
Freepoint’s overall management team, which previously ran Sempra Energy Trading and RBS Sempra Commodities, has decades of experience both managing and supplying energy to businesses in the retail energy supply space. Members of the team were involved in the growth and success of a number of competitive energy suppliers, including Sempra Energy Solutions.
” Our team is eager to leverage its deep experience and reputation for reliability in energy supply. We plan to offer competitive and creative solutions and look forward to serving the needs of our customers,” said Quester.
“Given our management’s history, this really feels like a re-launch of the retail energy business at Freepoint,” said Messer. “We are confident that Brad and his team will be able to capitalize on our platform and team’s talent to ultimately achieve a best-in-class offering for Freepoint’s new customers.”
Freepoint Energy Solutions plans to commence operations in most deregulated energy markets in the coming months.