Freepoint Commodities Announces Launch of Retail Energy Supplier: Freepoint Energy Solutions
STAMFORD, Conn., Aug. 9, 2016 /PRNewswire/ — Freepoint Commodities LLC (“Freepoint”) announced today that it has launched Freepoint Energy Solutions LLC (“Freepoint Energy Solutions”), a competitive retail energy supplier that will focus on meeting the energy needs of commercial and industrial customers. The new company will enable Freepoint to offer C&I customers cost-efficient, reliable power and gas solutions while leveraging Freepoint’s expertise in the wholesale energy markets and allowing it to expand its overall customer base.
Freepoint’s 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.
Freepoint has hired Bradley Quester to serve as President of Freepoint Energy Solutions and lead the growth of the new business. 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.
“This is an exciting milestone for Freepoint. 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 David Messer, CEO of Freepoint. “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 will operate out of Freepoint’s offices in Houston, TX and Stamford, CT and plans to commence operations in most deregulated energy markets in the coming months.
More information about Freepoint Energy Solutions can be found at www.freepointsolutions.com.
About Freepoint Commodities LLC
Founded in 2011, Freepoint is based in Stamford, CT with over 300 employees worldwide. Freepoint is a merchant of physical commodities and a financer of upper and mid-stream commodity-producing assets. Freepoint also provides physical supply services and related structured solutions for counterparties. Freepoint is owned by private equity funds managed by Stone Point Capital, members of Freepoint’s management and senior employees. More information about Freepoint can be found at http://www.freepoint.com.
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