Make that eight states now! On December 8th, 2017, Stream Energy entered the market of Delaware. This is the second market expansion for Stream Energy in 2017, with the Illinois expansion back in September 2017.
Stream Energy is a provider for wireless, protective, and home energy services. Since the company’s inception in 2005 in Dallas, Texas, Stream Energy markets its services directly to customers.
President and CEO Larry Mondry heralded the entrance into Delaware’s market thanks the completion of a state licensing application. Along with the company’s home state of Texas, Stream Energy services Pennsylvania, New York, New Jersey, Georgia, Maryland, Illinois, Delaware, and the District of Columbia. Chief Operating Officer Dan O’Malley remarked how Stream Energy has made a name for itself in the northeast energy markets now thanks to the company’s entrance into Delaware.
In addition to entering the Illinois and Delaware markets in 2017, the company hired David Faranetta as the Chief Technology Officer (CTO) and as Executive Vice President. Faranetta’s hire, thanks to his financial management skills in energy markets, highlights how Stream Energy is looking to grow further in the coming years.
Much of the success of Stream Energy is owed to their home state’s utility grid. Back in 2001, Texas deregulated its energy utility system. This allowed a company like Stream Energy to directly communicate their services to customers. The ability of Stream Energy to grow in Texas helped the company expand and grow in ways that has led to its position today. This included efforts to enter the northeast energy markets which has become wildly successful. Over the span of 12 years, Stream Energy’s growth includes over $8 billion in revenue and accolades as one of the largest direct-selling energy companies in the global marketplace.
By entering the Delaware market, Stream Energy and its leadership under Mondry and Faranetta have immense opportunities to capitalize on in 2018.
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