Advanced Energy Capital Signs $50 Million Deal with The Commission Exchange to Provide Funding for Retail Energy Commissions
NEW YORK, NY (PRWEB) OCTOBER 10, 2016
Advanced Energy Capital, LLC (“AEC”) today announced its agreement with The Commission Exchange (“TCE”) to provide up to $50 million for retail energy commission financing.
Jack Doueck and Richard Rudy, AEC’s founding principals, made the announcement jointly.
The agreement is an extension of AEC’s mission to provide cost-efficient finance solutions in the retail energy space, which The Commission Exchange also serves through its innovative commission management solutions for retail electricity providers. Commission financing via The Commission Exchange’s industry-leading platform, which exclusively serves retail energy providers and their indirect sales channels and brokers, further expands AEC’s footprint in the energy finance arena.
“AEC understands the current dynamics across the retail energy markets,” said Brandon Ellett, founder and chief executive officer of The Commission Exchange. “There is huge demand for growth capital within the marketplace, and this fund, along with our innovative payment exchange, is one way of expanding on our commitment to empower the aggregator, broker and consultant community with expanded options for how and when they are paid commissions.”
“The combination of The Commission Exchange’s platform and analytics expertise and its impressive track record in marketplace development coupled with AEC’s credit and finance expertise should make a significant impact on commission solutions in the retail energy sector,” said Doueck.
“We enthusiastically welcome The Commission Exchange as a focused and innovative player in the energy finance space and look forward to an outstanding long-term relationship with its team,” said Rudy.
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