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Crius Energy Moving HQ To Norwalk, Creating More Jobs

Crius Chief Executive Officer Michael Fallquist
Crius Chief Executive Officer Michael Fallquist Photo Credit: Contributed

NORWALK, Conn. – Crius Energy, through its wholly owned subsidiary Regional Energy Holdings, will relocate its headquarters to Norwalk, where the company will retain its 200 jobs and create 225 new positions within the next four years.

Crius has exceeded the capacity of its current locations in Stamford, and is planning a $29 million project, which includes the renovation of 48,000 square feet of space at 535 Connecticut Ave. in Norwalk.

Crius Energy is one of the largest independent energy retailers in the U.S., supplying electricity, natural gas and solar energy products to more than 900,000 customers across 19 states and the District of Columbia. The company has operations in Connecticut, Florida, Texas and Australia, and currently serves nearly 100,000 customers in the state.

"Founded by a Connecticut entrepreneur, Crius Energy has grown dramatically over the past seven years to become a publicly traded, international company, and we're committed to helping it expand even further," said Gov. Dannel P. Malloy. "This company is helping to fuel the high-tech, innovative economy of tomorrow that is creating good paying jobs all while creating advanced, renewable energy options. We are excited to see them expand here in Connecticut."

The new office will accommodate continued growth, as well as help enhance the work environment and efficiency of the company's current Connecticut operations. Since 2009, Crius has grown from a single green energy brand, Viridian Energy, to a holistic energy solutions provider with a family of world-class brands including Comcast Energy Rewards, Public Power and TriEagle Energy.

The Department of Economic and Community Development (DECD) will provide a ten-year, $8 million low-interest loan to support the project.

"On behalf of our more than 300 employees, 22,000 Independent Viridian Associates and 900,000 customers, I would like to thank Governor Malloy and the state for working with us and supporting our future growth in Connecticut,” said Michael Fallquist, Crius chief executive officer. “We look forward to bringing Crius' hands-on commitment to improving the communities where we work and live to the City of Norwalk and we're thrilled to remain and grow in our home state."

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