CINCINNATI — One of Ohio’s largest energy brokerage firms, Energy Alliances Inc., has named a new CEO and owner, landed several major deals and made big changes as it celebrates 30 years in business.
The moves are designed to position the multi-million dollar energy supply and consulting company, that started in 1985, for future growth. This strategy includes helping more Ohio communities through the governmental aggregation process and offering its portfolio of energy services to a larger number of commercial and industrial customers, allowing Energy Alliances to expand beyond it’s core footprint.
The Sycamore Township-based company now serves more than 130,000 accounts, up more than 50 percent from five years ago. The surge has helped Energy Alliances become one of the largest and most reputable energy brokers in Ohio. The company also serves Illinois, Michigan and Pennsylvania.
Energy Alliances now assists 33 communities with the implementation and management of 48 separate natural gas and electric aggregation programs used by residents and large and small businesses. Energy Alliances is a leader in the management of aggregation programs in Southwest Ohio and statewide.
Fortified by three decades of steady growth, Energy Alliances is implementing many actions to sustain that momentum. They include:
• Naming Sydney Faxon Trout as CEO and owner. She succeeds her father, Spence Faxon, Energy Alliances’ previous owner and president. After years of working at her father’s side, Trout takes over the company after his death in 2014. With Trout’s new role, Energy Alliances has now become a women-owned business. She was formerly an account executive, a position in which her duties included working with business customers to find them the lowest rates for natural gas and electricity and helping maintain existing business relationships.
Since its inception, Energy Alliances has blossomed into a fast-growing, diversified company from one that initially primarily performed energy audits.
“We want to further develop our record of providing the communities and businesses excellent customer service, competitive pricing and updates on current market conditions,” Trout said.
• Partnering with Constellation, a Baltimore-based retail energy provider, to oversee the City of Cincinnati’s natural gas aggregation program. The deal includes managing approximately 45,000 accounts in more than 50 neighborhoods within the city limits. The two-year contract that started in October 2015 is among the largest of Energy Alliances community programs.
Energy Alliances has begun to manage 14 new community aggregation programs for both gas and electric in the last two years in Ohio. It recently signed contracts to provide natural gas and electric to residents and small businesses in West Chester Township. The company also now manages the Springfield Township natural gas aggregation program.
Another community, Green Township, one of Ohio’s largest townships, has worked with Energy Alliances since 2007.
“The Green Township trustees are indeed very happy to support a local company with proven cost-savings results,” said Tony Rosiello, chairman of the township’s board of trustees.
• Promoting Bill Grafe to president from vice president. Additionally, Mark Bishop, formerly director of marketing, has been promoted to vice president. The late Spence Faxon, Grafe and Bishop are co-founders of Energy Alliances. The new roles for Grafe and Bishop are geared to strengthen the company’s management structure.
In terms of future growth, Trout aims to expand business by partnering with more Ohio communities and providing successful aggregation programs.
Sydney Faxon Trout
Energy Alliances Inc.