Griddy Announces New Leadership And Financing Agreement With Macquarie Energy - Dec 07, 2020,
HOUSTON, Dec. 7, 2020 /PRNewswire/ -- Griddy Energy, the pioneer of direct-to-consumer wholesale electricity in Texas, appoints Michael Fallquist as Chief Executive Officer, Christian McArthur as Chief Operating Officer and Roop Bhullar as Chief Financial Officer and enters into an agreement with Macquarie Energy, a subsidiary of the Macquarie Group, to provide a wholesale supply facility and investment capital to support Griddy's growth and market expansion.
"I'm excited to welcome the new leadership team and strategic partner to Griddy as we embark on the next phase of our growth," said Gregory L. Craig, Griddy co-founder and the outgoing CEO of Griddy. "Michael, Christian and Roop bring a proven track record and share our vision to disrupt the retail energy market by delivering an unmatched value proposition and experience to our members."
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The new relationship and capital from Macquarie Energy means a bright future for Griddy.
"Our previous strategic investments with Crius Energy management showed us that combining a strong leadership team with the right financial partner delivers outstanding results," says Roberta Konicki of Macquarie's Commodities and Global Markets group. "Our new investment in Griddy reflects our continued confidence in that management team, as well as our belief in both the Griddy technology platform and the important role energy technologies play in transforming the industry."
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About Macquarie
Macquarie Group Limited (Macquarie) is a diversified financial group that provides clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs over 15,800 people globally. Macquarie's assets under management (AUM) at 31 March 2020 were $367.7 billion. For further information, visit www.macquarie.com.
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