Customized Energy Solutions Acquires Powerit -- Enhancing Demand Response Services
PHILADELPHIA, PA--(Marketwired - January 21, 2016) - Customized Energy Solutions ("CES") today announced that it has acquired Powerit Solutions, an advanced demand management company that helps businesses reduce energy costs while meeting corporate sustainability goals through renewable integration. With this acquisition, CES enhances its CES|GREEN Demand Response services for suppliers, aggregators and engineering customers by integrating one of the industry's most sophisticated load control systems into a new offering called CES|PowerGREEN.
"Donsco has operated with an integrated CES demand response service in our PowerIt Spara software for over 6 years. The PowerIt control software has become a vital component of our plant operations and energy savings across the entire business enterprise. Having CES manage the entire platform ensures the continued success of our energy management system and a future of optimization and upgrades." Chris Buck, VP Operations, Donsco Inc.
Traditional power provision follows a take it or leave it approach with consumers either using power and paying the price according to a utility rate or avoiding using energy altogether. Demand Response changes this dynamic by providing access to wholesale markets and rates, enabling consumers to use and pay for power in a way that respects their operational constraints while limiting the cost. By acquiring Powerit and its Spara Demand Management technology, CES augments its existing services with the ability to see individual facility loads on customer systems and control them according to their operational constraints and value -- a feature which has helped Powerit's customers save hundreds of thousands of dollars a year.
"Our market knowledge and rapidly expanding global presence coupled with the addition of one of the most advanced real-time load control systems firmly puts CES at the forefront of power consumption optimization," explained Jed Trott, Vice President, Demand Side Response, CES. "We look forward to engaging Powerit's customers and building a path forward for them with CES|PowerGREEN, a hosted platform that integrates its industry-leading Spara Demand Management technology with our existing CES|GREEN Demand Response services."
CES' current portfolio of services includes emergency demand response, economic demand response, ancillary service demand response and Coincident Peak Management. The company provides these services through a combination of automatic demand response and through direct support. Powerit technology will be integrated into these existing services to provide enhanced visibility into individual loads on a customer's system such as fans, compressors and furnaces. In addition to engaging with existing CES and Powerit customers, CES plans to extend its customer base by building relationships with suppliers, aggregators and engineering companies who are looking to build a more consultative service for their own customers.
"Demand Response can provide huge value for businesses of all sizes looking to optimize their consumption of energy. With our acquisition of Powerit, CES has taken a huge step towards offering one of the industry's most complete demand response services," explained Stephen Fernands, President, CES. "CES is fully committed to developing a system, in cooperation with suppliers, that gives customers the power to take full advantage of their load control. This means that suppliers will be able to offer a contract to customers that will provide their customers with the benefit of access to wholesale markets without the risks."
About Customized Energy Solutions
Established in 1998, Customized Energy Solutions assists clients in managing and staying ahead of the changes in the wholesale and retail electricity and natural gas markets. Serving hundreds of clients, Customized Energy Solutions offers best-in-class hosted software solutions and consultative services focused on optimizing energy market operations. CES is committed to promoting economic development through the advancement of transparent, efficient and non-discriminatory practices in the energy markets. CES empowers clients by helping them better understand and manage the inner workings of energy markets and new technologies. CES provides the highest level of energy information technology and services to clients around the globe.
Powerit Solutions is an international energy management technology company based in Seattle, WA. We strive to make the smart grid real, profitable, and effortless for utilities and energy-intensive businesses worldwide. Powerit sets the demand management standard. Our Spara technology links energy-intensive businesses with the smart grid so customers can control energy use for savings and sustainability-without compromising production or quality. The Spara system addresses demand at every level: it enables users to precisely control their energy loads, it enables equipment to operate efficiently.
Source: Marketwired (Canada)
(January 21, 2016 - 10:00 AM EST)
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