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Centrica also moved into the North American energy supply market, through the acquisition of the Canada-based company Direct Energy in July 2000, for £406 million. [19] Direct Energy's operations were subsequently considerably expanded through a number of further acquisitions, including of Enbridge Services for £437 million in January 2002. [20]
In November 2015, the company acquired Israeli startup Panoramic Power, a manufacturer of circuit level wireless sensors that collect energy information, for $60M. [13] In July 2020, NRG Energy and Centrica entered an agreement under which NRG would acquire Direct Energy for $3.625 billion in an all-cash transaction. [14]
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