Enel North America announced the launch of its retail energy business in select deregulated US states, starting with Texas – targeting commercial and industrial organizations.
Enel has over 4 GW of renewable projects operational or under construction in Texas. Enel plans to expand into other deregulated states including, Ohio, Illinois and Pennsylvania in 2023.
“Our customers are increasingly seeking alternative ways to purchase renewable energy without having to take a long-term financial position in today’s increasingly volatile and uncertain market,” says Greg Rizzo, Head of PPA and Renewable Energy Solutions, Enel North America.
Enel has around 70 million retail energy customers globally and has supported the decarbonization efforts of major companies in North America, including Mondelez International, Clorox, Danone, Home Depot, Lululemon and more.
Earlier this year, Enel announced the additions of Enel X Way, a new business line dedicated to electric mobility, and Gridspertise, a grid modernization subsidiary, in North America.
Enel also revealed its intention to open a large-scale PV solar panel and cell manufacturing facility in the US.
Enel announced plans to invest around $5 billion in the North American market, with the aim to develop approximately 5 GW of new utility-scale renewable and battery energy storage capacity through 2025. Enel aims to add 155 MW of distributed energy storage, 37 MW of demand response, and 475,000 charging ports by 2025.