Catalyst Power Expands Retail Electricity Supply Into Rhode Island
Catalyst Power Expands Retail Electricity Supply Into Rhode Island
PR Newswire
PROVIDENCE, R.I., Oct. 20, 2026
Company now serving commercial customers across key deregulated New England electricity markets
PROVIDENCE, R.I., Oct. 20, 2026 /PRNewswire/ -- Catalyst Power Holdings LLC ("Catalyst Power"), an integrated provider of retail electricity, natural gas, and distributed energy solutions for commercial and industrial customers, today announced its expansion into Rhode Island through the Rhode Island Energy (formerly National Grid) utility territory.
The expansion strengthens Catalyst Power's presence across New England's deregulated energy markets and brings additional competitive supply options to Rhode Island businesses navigating rising energy costs and growing market volatility.
"Commercial customers across New England are facing increasing pressure from higher capacity costs, fuel volatility, and long-term demand growth," said Gabe Phillips, CEO of Catalyst Power. "Expanding into Rhode Island allows us to bring more choice, price stability, and integrated energy solutions to businesses throughout the region."
The announcement comes as New England power markets continue to experience upward pricing pressure driven by tighter supply conditions, higher natural gas prices, electrification trends, and increasing electricity demand.
Catalyst Power's entry into Rhode Island expands access to customized retail electricity procurement strategies designed to help businesses better manage energy spend while supporting broader operational and sustainability goals.
In addition to retail electricity supply, Catalyst Power offers solar, combined heat and power (CHP), and other onsite energy solutions designed to improve efficiency and long-term cost savings for commercial and industrial customers across the Northeast, Mid-Atlantic, and Midwest.
About Catalyst Power
Catalyst Power is an energy supplier helping commercial and industrial customers reduce energy costs and enhance budget certainty. Its offering is built around a blended supply model that combines onsite generation from energy-producing assets it builds, owns, and operates at customer sites with market-based retail electricity. Operating across deregulated markets in the Northeast, Mid-Atlantic, and Midwest, Catalyst serves customers in 12 states and 41 utility territories and continues to expand its footprint. The company is backed by DRW Holdings and BP Energy Partners and supported by a dedicated operations and maintenance platform that ensures performance, reliability, and long-term asset optimization. Catalyst serves more than 8,500 customers across senior living and care, manufacturing, industrial, multifamily, hospitality, higher education, commercial real estate, and other energy-intensive sectors.
SOURCE Catalyst Power
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