Source Power Company and Arctrade Announce Partnership Expansion

WHITE PLAINS, N.Y., January 26, 2022 (Newswire.com) - Source Power Company, a New York regulated energy supplier and community solar subscriber acquisition company, and ArcTrade, an end-to-end digital energy solution provider, today announced a partnership expansion that would include direct business process outsourcing to ArcTrade, in addition to Source Power Company's continued use of ArcTrade's proprietary retail energy operating system.

Source Power Company enables New York communities to access clean energy by providing services and products to both solar developer sponsors and subscribers to those projects. The collaboration with ArcTrade enhances their previous partnership and bolsters Source Power Company's ability to focus on its mission to bring community solar to communities throughout New York state. Source Power is committed to offering the lowest acquisition and operational costs available in the market, benefitting both sponsors and subscribers of solar projects.

"We are excited to expand our relationship with ArcTrade," said Vincent Palmieri, Chief Operating Officer of Source Power Company. "Outsourcing these services to a trusted partner like ArcTrade and further leveraging their expertise and services beyond their retail energy platform allows each partner to do what they do best. For Source Power that means democratizing solar power for all New Yorkers with our hybrid energy supply and subscription services."

"Source Power is one of the pioneers who offers integrated clean energy products and services to energy customers," said Lesley Yang, Chief Executive Officer of ArcTrade, Inc. "We are very excited to expand our partnership with Source Power and use our technology to enable their continuous product and service innovation."

This latest partnership with ArcTrade follows Source Power Company's recent announcement of a second collaboration with NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources, a leading energy company to provide customer acquisition and management services for a new community solar project in the Central Hudson utility service area.

About Source Power Company

Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier in New York State. Source Power provides innovative solutions that pair energy supply with renewable energy generation, providing a unique value proposition to customers and advancing the state's clean energy goals. With roots in the solar development industry through its sister company Source Renewables, Source Power sits strategically at the intersection of project finance, renewable generation, and energy supply. This allows Source Power to match solar generation with power consumers and use its vertical integration to ensure efficiencies are passed along to customers at competitive prices. Source Power represents a reboot of the retail energy industry and is on a mission to improve products and services, through advanced technology and superior customer experience, while helping the environment and strengthening the communities it serves. Find out more about Source Power Company on its website: https://sourcepowerco.com.

About ArcTrade, Inc

ArcTrade Inc is a leading clean energy technology company providing end-to-end digital solutions to transform the future of retail energy.

ArcTrade's proprietary platform enables retail energy providers to offer integrated clean energy products and services to commercial, industrial and residential customers. Through on-site solar, battery and EV charging to off-site community solar and battery, providers on ArcTrade's platform can launch innovative, competitive and diversified energy products and services to all customers.

ArcTrade breaks the barriers, removes the complexity and automates the entire workflow from meter to cash. Our providers can focus on innovating the services and improving customer's energy experiences. More info can be found at: https://ArcTrade.com

Media Contact

Alyssa Pfitscher, Lansons 
845-594-7290
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Source: Source Power Company