WASHINGTON--(BUSINESS WIRE)--Renewable Power Direct, LLC (RPD), a Washington, D.C., based power marketer, has entered into a set of agreements with Tenaska Power Services Co. (TPS) to provide credit services, energy scheduling and other trading support services to RPD.
The agreements are designed to support RPD’s marketing of wind and solar electricity directly to commercial and industrial customers in Texas (ERCOT), the mid-Atlantic states (PJM), California (CAISO) and certain other regional power markets.
TPS will also serve as a preferred RPD supplier of wholesale physical power from renewable sources, as well as Renewable Energy Certificates (RECs).
"We are pleased to help RPD bring its business model to a wider market so that more companies can meet corporate sustainability goals by directly purchasing renewable power," said Kevin Smith, president of TPS. "We think our arrangements with RPD will also assist their efforts to grow the corporate demand for renewable electricity so that additional projects can be built."
Based in Arlington, Texas, TPS specializes in physical power marketing and energy management services for utilities and non-utility generators. It is one of the largest marketers of physical power in the United States.
Gregory C. Staple, chairman of RPD, said, "Our new relationship with TPS will enable RPD to offer more economical medium-term power contracts to American businesses while also meeting the credit and performance standards applicable to the nation’s largest power markets.” Staple continued, “With the support of TPS, RPD will be able to offer cost-effective alternatives for companies that want to use more renewable electricity but are not interested in a long-term contract for off-site facilities and do not wish to invest in their own generation."
About Renewable Power Direct, LLC Renewable Power Direct, LLC is a federally authorized power marketer that specializes in supplying renewable electricity to large commercial and industrial consumers. The company was founded in 2013 to make it easy for businesses to buy green power without owning their own generation facilities or being locked into long-term purchase contracts, while maintaining their existing relationship with their retail electric service provider. Current RPD stockholders include the American Clean Skies Foundation (ACSF), a Washington D.C. based clean energy non-profit, and Skipping Stone, a Newport Beach, CA based independent energy consulting firm. For more information, go to www.renewablepowerdirect.com.
About Tenaska Power Services Co. Tenaska Power Services Co. (TPS) is the power marketing affiliate of Omaha, Nebraska based energy company Tenaska, one of the leading independent power producers in the U.S. TPS specializes in physical power marketing and energy management services. With offices in Arlington, Texas, TPS operates a 24-hour, seven-day-a-week electricity trading floor and manages approximately 20,000 megawatts (MW) of electric generating assets. TPS is also a major player in the growing renewable generation industry as a significant third-party provider of scheduling, marketing and energy management services for renewable generators.