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Submission declined on 22 October 2024 by DoubleGrazing (talk).
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Comment: Quite remarkably, given that there are 18 (!) sources cited in this draft, not a single one of them contributes anything towards notability per WP:NCORP. DoubleGrazing (talk) 16:06, 22 October 2024 (UTC)
 | A major contributor to this article appears to have a close connection with its subject. (September 2024) |
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| Company type | Subsidiary |
|---|---|
| Industry | Electric utilities |
| Founded | 2019 |
Area served | Texas, U.S. |
| Parent | 174 Power Global |
| Website | chariotenergy.com |
Chariot Energy is a retail electricity provider based in Houston, Texas. Established in 2019, Chariot Energy operates as a subsidiary of 174 Power Global, a solar project development company affiliated with the South Korean conglomerate, Hanwha Group.
Overview
editChariot Energy operates within the deregulated Texas electricity market, which is regulated by the Electric Reliability Council of Texas (ERCOT)[1]. Texas is one of 18 states in the U.S. that uses some level of deregulation, which offers consumers more options and promoting among energy providers[2].
Chariot Energy focuses on providing 100% renewable energy, primarily sourced from solar power, to Texas homeowners and businesses[3]. The company's commitment to renewable energy aligns with broader industry trends, as more consumers seeks environmentally sustainable energy sources. The current CEO, In Kyu Park, oversees Chariot Energy's operations and strategy[4].
History
editChariot Energy was founded in 2019 as the retail affiliate of 174 Power Global to facilitate the delivery of electricity across Texas[5]. The decision to establish Chariot Energy as a subsidiary followed an amendment of the retail electric provider (REP) certificate held by 174 Power Global Retail Texas, LLC[5]. This REP certificate granted the company authority to operate under the name, Chariot Energy, and allowed it to enter the Texas electricity market as a dedicated renewable energy provider[6]. Later that year, Chariot Energy began providing electricity to customers across Texas, particularly on The Public Utility Commission of Texas (PUCT) Power to Choose website[7].
The founding of Chariot Energy also aligned with 174 Power Global's broader strategy to expand its footprint in the U.S. renewable energy market 2019. As an affiliate of Hanwha Group, which has a strong focus on solar energy development worldwide, Chariot Energy benefits from a wealth of resources and expertise in renewable energy technologies[8].
In June 2019, Chariot Energy's parent company, 174 Power Global, announced the construction of the Oberon Solar Power Facility on 1,500 acres in West Texas[9]. This facility involving 656,000 solar panels, was designed to generate 180 megawatts of power - enough to meet the electricity needs of approximately 30,000 Texas homes. The facility's scale and output underscore Chariot Energy's capacity to contribute meaningfully to Texas' renewable energy infrastructure, helping to address the state's growing energy demands[10].
In August 2020, the Oberon Solar Power Facility was completed, and Chariot Energy entered into a power purchase agreement (PPA) with 174 Power Global. This agreement allowed Chariot to source 30 megawatts of solar energy from Oberon, establishing a reliable supply of renewable energy for its customers and reinforcing its commitment to sustainability[9].
In early 2024, Chariot Energy relocated its headquarters to 5051 Westheimer Road, Galleria Tower 2, in Houston, Texas[11]. This move to the Galleria business district allowed the company to strategically position itself within Houston's energy industry hub.
Recognition
editIn 2024, Chariot Energy was invited to speak at S&P Global's CERAWeek, one of the largest annual energy conferences globally, where it participated in discussions on "Energy Transitions & Grid Reliability in Texas"[12]. This invitation highlights the company's role in contributing to the conversation around renewable energy integration and the challenges facing the Texas grid, especially in the wake of recent weather-related power issues.
Additionally, Chariot Energy was recognized as "Energy Supplier of the Year" at the 2024 Energy Marketing Conferences[13]. This award acknowledges companies that demonstrate excellence in customer service, innovation, and sustainable energy solutions.
Rating and Reviews
editChariot Energy has received an A+ rating from the Better Business Bureau. Since 2019, the BBB reports 10 complaints against the company[14].
References
edit- ^ "Compare Forth Worth Electricity Rates (August 2024)". EcoWatch. 2023-12-14. Retrieved 2024-09-05.
- ^ "State-by-State Look at Energy Regulation in the U.S." Spark Energy. 2017-07-05. Retrieved 2024-11-01.
- ^ "Chariot Energy | Find plans Today on ChooseTexasPower". Choose Texas Power. Retrieved 2024-09-05.
- ^ "In Kyu Park - Chief Executive Officer at Chariot Energy". THE ORG. Retrieved 2024-09-05.
- ^ a b "Public Utility Commission of Texas Filing Report" (PDF). Public Utility Commission of Texas. Retrieved 2024-11-22.
- ^ "Buying Renewable Power". Power to Choose. Retrieved 2024-11-01.
- ^ Sixel, L.M. (6 September 2019). "Power Shopping Site Slow to Reflect New Rates". Houston Chronicle. Retrieved 2024-09-06.
- ^ "174 Power Global and Chariot Energy Announce New Solar Initiatives in Texas". Business Wire. Retrieved 2024-11-22.
- ^ a b Misbrener, Kelsey (2021-02-25). "Ector County solar farm breaks ground". Odessa American. Retrieved 2024-11-22.
- ^ Handy, Ryan Maye (2018-01-18). "Construction begins on largest utility-scale solar project in Texas". Chron. Retrieved 2024-11-22.
- ^ "Chariot Energy to Move Headquarters to Galleria Office Tower". Houston Business Journal. Retrieved 2024-11-22.
- ^ "Chariot Energy | Energy Transition & Grid Reliabilty". CERAWeek. Retrieved 2024-09-05.
- ^ "Energy Marketing Conferences Announces Winner of Competitive Energy Supplier of the Year Award at EMC21 in Houston". Energy Marketing Conferences. 4 April 2024. Retrieved 2024-11-01.
- ^ "Chariot Energy | Better Business Bureau® Profile". Better Business Bureau. Retrieved 2024-09-06.
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