By: Matt Holleran, Vice President of Sales
SmartestEnergy is a forward-thinking, resilient energy partner backed by Marubeni Corporation. Marubeni is one of the original Japanese trading houses, sōgō shōsha, founded in 1858. With expertise across multiple industries, Marubeni provides strength and opportunity through over 45k employees in 58 countries. Presently, Marubeni occupies the 157th spot on the Fortune 500 list, complemented by investment grade ratings of BBB+ and Baa2 from S&P and Moody's, respectively. The substantial support from Marubeni provides us with the confidence and flexibility to expand into ISO-NE as a solid partner. SmartestEnergy has a 20+ year history of driving energy markets forward. With the global financial backing from Marubeni we are a financially sound, credit worthy partner in ISO-NE today, and for the future.
Marubeni Corporation and its subsidiaries use their global business networks to conduct importing, exporting and domestic business, encompassing a diverse range of business activities. The power aspect of the business has evolved greatly since its inception and now encompasses a range of power-related activities.
With an extensive history and experience across industries, Marubeni’s operating companies extend beyond the energy sector, representing a diverse portfolio of investment and activity in well-established sectors, as well as next generation and high growth areas:
Following initial investment in 2001 – SmartestEnergy has expanded its UK market share from renewable generation PPAs to industrial and commercial retail supply, into asset optimization and then to the small business supply market through acquisition of a long-term partner. We’re far from a start-up: we’ve been helping the UK transition to net zero since 2001. With our reach extended to drive change at scale in the UK, US and Australia, and the backing of the Marubeni Corporation, we’re reliable and resilient.
What this means for SmartestEnergy
With the support of Marubeni, in 2019, SmartestEnergy opened its first international office in Syracuse, NY and shortly after established a presence in Australia.
Throughout the past 20 years Marubeni's backing has meant being able to focus on growing, innovating, and investing for the future - taking energy market volatility in stride and providing certainty for our partners and customers. It gives us the balance sheet to manage our own wholesale trading, avoiding expensive credit sleeves and allows us to grow and better serve you.
What this means for you
In 2022 Marubeni brought in $63.81 bn in revenue. With their backing as well as the support of the wider SmartestEnergy Group, we are a financially sound, credit worthy partner in ISO-NE. Having our own trading desk provides our customers access to the wholesale market without expensive credit sleeves and enables us to offer transparency and informed opinions. Low-cost capital enables us to continue to invest in our technology, our business and therefore, in yours.