World Energy Solutions acquires Co-eXprise’s energy procurement business

September 14, 2011 — Fusion DigiNet

World Energy Solutions, an energy management services firm, has purchased the energy procurement business of Co-eXprise, a privately-held enterprise software firm. The acquisition adds valuable new government, institutional, and commercial & industrial clients to its customer base. Terms of the deal were not disclosed.

“Our acquisition of Co-eXprise’s book of business in energy increases our market share, expands our government franchise, and adds to our backlog,” said Richard Domaleski, CEO of World Energy Solutions. “Bigger picture, this deal highlights our ability to put the capital we raised earlier this year to smart use in advancing our strategic growth objectives. We have long said that consolidating the energy procurement industry, eliminating competitors and supplementing our strong organic growth is a path we will actively pursue to drive future success, and today we are making good on that promise.”

Added William Blair, Founder and CEO of Co-eXprise: “This transaction is a key component of Co-eXprise’s strategy to generate working capital to invest in the continued growth of our enterprise software business. We chose to sell the energy procurement business to World Energy, a true leader in the space, to ensure our customers will continue to receive a high level of professional support for their energy management initiatives. This transaction represents a win for all parties.”

The deal is World Energy’s second in energy management. In 2007 World Energy acquired natural gas procurement business Energy Gateway.

USA, Wexford, PA & Worcester, MA

 

Posted in B2B Services, Consultancy, Energy & Environmental Services, ~North America. Leave a Comment »

NUS Consulting Group acquires Viking Energy Management

September 5, 2011 — Fusion DigiNet

NUS Consulting Group, a provider of energy management solutions to businesses and energy intensive organisations, has acquired Viking Energy Management, a private company, specialising in risk management and energy procurement. Viking Energy Management is based in Charlotte, North Carolina.

The acquisition of Viking Energy Management will not only complement NUS Consulting Group’s existing staff and services, but will also provide us with a strong and experienced energy trading and risk management team which will broaden our existing service offerings in this extremely important area. I am very pleased that Viking has agreed to join and become part of NUS Consulting Group,” said Richard D. Soultanian, Co-President of NUS Consulting Group.

“We are very excited to be part of NUS,” said Bryant Lee, Co-Founder and Managing Director of Viking Energy Management. “This transaction recognizes Viking’s unique strengths in the area of energy trading and risk management. By joining with NUS Consulting Group we become part of the world’s largest and most respected energy management consulting firm and will be able to provide our energy trading and risk management support to NUS and Viking clients around the world.”

Bryant Lee  takes new role as Manager of Energy Trading and Risk Management at NUS Consulting Group.

USA, Park Ridge, NJ & Charlotte, NC

Posted in B2B Services, Consultancy, Energy & Environmental Services, Procurement, ~North America. Leave a Comment »

Intertek acquires environmental impact specialist RDC Environment

August 6, 2011 — Fusion DigiNet

Intertek has acquired RDC Environment, which specialises in environmental impact measurement, life cycle analysis (LCA), carbon footprinting, eco-labeling, greenhouse gas inventory and energy auditing for consumer products companies, and water and waste management projects for both private and public companies.

RDC Environment, established in 1992 and managed by Bernard de Caevel and Michael Ooms, provides companies with environmental impact solutions for their products, raw materials or packaging. RDC Environment also carries out water footprint and environmental analysis for public authorities.

“The European expertise offered by Intertek-RDC enhances Intertek’s existing network of qualified experts located in Asia and North America, to provide a global service for environmental impact solutions for companies, products,packaging and supply chains,” said Christophe Liebon, Vice President of Intertek Environmental Impact Solutions.

“The market is growing in Europe, particularly in France where possible future legislation on environmental labeling and the obligation for companies with more than 5,000 employees to perform carbon footprinting are under consideration,” said Bernard de Caevel, RDC Environment.

France, Heudeboulville & Belgium, Brussels

 

 

 

 

 

Posted in B2B Services, Energy & Environmental Services, ~Europe. Leave a Comment »

Silver Spring Networks files for proposed IPO

August 6, 2011 — Fusion DigiNet

Silver Spring Networks has filed with the Securities and Exchange Commission for a proposed initial public offering. The number of shares to be offered and the price range for the offering have not yet been determined.

The Form S1 statement

Silver Spring Networks provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co., and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering, and Jefferies & Company, Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated,  Robert W. Baird & Co., Canaccord Genuity Inc., Evercore Group L.L.C., and Pacific Crest Securities LLC are acting as co-managers.

USA, Redwood City, CA

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Clean Urban Energy secures $7M Series A From Battery Ventures and Rho Ventures

August 6, 2011 — Fusion DigiNet

Clean Urban Energy (CUE), an energy storage and smart grid performance optimisation technology provider, has secured $7 million in Series A financing. The investment was co-led by Battery Ventures and Rho Ventures, and will be applied to rapid product development and a multi-city expansion within the United States.

CUE is headquartered in Chicago and plans to use this new capital to embark on a road show fueling strategic development in four new major U.S. cities, including: New York, Los Angeles, San Francisco, and Houston.

“This funding is an important and critical milestone for our business, and will enable us to accelerate product engineering and customer acquisition during this next phase of rapid growth,” said Rich Earley, CUE CEO. “The market knowledge and relationships that our new investors bring to the table will help us rapidly penetrate the property management and owner community to become a leading technology provider in the market.”

With this round, Jason Matlof from Battery Ventures and Joshua Ruch from Rho Ventures will assume seats on CUE’s board of directors.

USA, Chicago, IL


Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Energy efficiency business Amantys closes $7 million Series A round

August 6, 2011 — Fusion DigiNet

Amantys, a UK based energy efficiency power electronics company, has closed a $7 million Series A round. The new funding enables Amantys to continue with the commercialisation of its digital power switching platform.

The new funding round has been led by Moonray Investors, part of Fidelity International and ARM Holdings plc (ARM). Moonray Investors has additionally purchased the remaining external minority interests in Amantys.

UK, Cambridge

Posted in B2B Services, Energy & Environmental Services, ~Europe. Leave a Comment »

EnerNOC has acquired Australian demand response provider Energy Response

July 7, 2011 — Fusion DigiNet

EnerNOC, Inc. a leading provider of demand response applications and services, at it has acquired Energy Response Pty Ltd, the largest demand response provider in Australia and New Zealand. This acquisition significantly strengthens EnerNOC’s presence in Western Australia’s Wholesale Electricity Market, where EnerNOC now has the opportunity to deliver 240 megawatts of demand response capacity in the 2012/2013 delivery year, up from its initial position of 100 megawatts. The acquisition also marks EnerNOC’s entry into Eastern Australia’s National Electricity Market and the New Zealand Electricity Market, where favorable opportunities for demand response and energy efficiency are emerging.

Michael Zammit, Managing Director of Energy Response, moves into a new role leading Market Development for EnerNOC’s operations in Australia and New Zealand.

“The electricity markets in Australia and New Zealand present tremendous opportunities for EnerNOC and Energy Response to join forces to provide a broad range of demand-side resources,” said Tim Healy, Chairman and CEO of EnerNOC. “Energy Response shares our strong commitment to engaging electricity users to promote cost-effective, clean energy management solutions, and we look forward to delivering these solutions in markets where they are highly valued.”

Energy Response is active in capacity, energy, and ancillary services markets and has established the largest network of commercial, institutional, and industrial demand response providers across Australia and New Zealand. “Demand response provides a valuable service to electricity users and utilities at a fraction of the cost of traditional supply-side measures,” said Ross Fraser, Founder and Chairman of Energy Response. “That is why Energy Response is committed to providing the most advanced range of demand-side resources available, and it is also why we have worked so diligently to integrate these resources into electricity markets in Australia and New Zealand.”

“As Australia and New Zealand move toward a lower-carbon energy future, solutions like demand response, carbon management, and data-driven energy efficiency will become even more important, both to electricity users and the nations’ electricity grids,” said David Brewster, President of EnerNOC. “Our applications are built to serve utilities, grid operators, and electricity users across the globe. With Energy Response, we are very excited about expanding our capabilities to deliver these solutions in Australia and New Zealand.”

EnerNOC anticipates this acquisition to be dilutive to earnings in 2011 and 2012, and accretive beginning in 2013. EnerNOC will provide additional details on its financial outlook and this transaction as part of its upcoming second quarter 2011 financial results conference call.

USA, Boston, MA & Australia, Melbourne

Related articles:

Posted in B2B Services, Energy & Environmental Services, ~North America, ~Oceana. Leave a Comment »

Johnson Controls completes the acquisition of smart grid demand response business EnergyConnect Group

July 6, 2011 — Fusion DigiNet

Johnson Controls has completed the acquisition of EnergyConnect Group, a provider of smart grid demand response services and technologies. The acquisition was completed on July, 1, 2011.  News of the acquisition was first reported by Fusion DigiNet on March 3, 2011. Terms of the deal were not disclosed.

“One of our strategies at Johnson Controls Building Efficiency is to play a significant role in the growing market for demand response services by enabling smart buildings to interface seamlessly into the grid,” said Dave Myers, vice president of Johnson Controls and president of the company’s Building Efficiency business. “With the acquisition of EnergyConnect, Johnson Controls now combines the power of building automation systems with an intuitive technology platform that provides our customers the ability to take action to capture demand response opportunities.  This creates a new level of building intelligence.”

Demand response refers to changes in electricity usage for buildings based on capacity, price or reliability signals from the electric grid.  EnergyConnect’s demand response technology and service platform provides energy managers and facility operators real-time energy information and access to energy markets, enabling them to manage their energy usage.  EnergyConnect’s GridConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid’s efficiency and reliability.

“Johnson Controls recognized the benefits of EnergyConnect’s leadership in demand response technology,” said Kevin R. Evans, former president and Chief Executive Officer of EnergyConnect. “We have experienced outstanding growth and customer adoption since the launch of our award-winning GridConnect platform last year. Through the Johnson Controls acquisition, we are now positioned to extend this reach to a significantly larger customer base and accelerate the transformation of energy use in response to market prices while enhancing grid reliability.”

Evans will continue to lead the EnergyConnect team as vice president and general manager for Demand Response Services for Johnson Controls Building Efficiency.

Johnson Controls helps its customers reduce energy and operational costs by providing building management solutions. The additional products and services from EnergyConnect broaden Johnson Controls’ portfolio of energy solutions offerings.

USA, Milwaukee, WI

Related articles:

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Energy Efficiency business Scientific Conservation to acquire Servidyne

June 29, 2011 — Fusion DigiNet

Scientific Conservation, a leading provider of energy efficiency solutions for the commercial building market, is to acquire Servidyne, an energy management and demand response company, for a price of $3.50 per share in an all-cash transaction.

The transaction is expected to close on or before Q4 2011. The combined company will be renamed SCIenergy.

SCIenergy will combine Servidyne’s extensive experience in Energy Efficiency, Demand Response and Facilities Maintenance with SCI’s core competency in cloud-based energy management.  Servidyne also has deep domain knowledge in Retro Commissioning, LEED for Existing Buildings and is the nine-time recipient of EPA’s Energy Star Partner of the Year Award.

“We’re very impressed with the Servidyne team and reputation, and are excited about their customer base and long term relationships with commercial building owners and operators.  The new company will have solid customer contracts and partnerships with many Fortune 50 companies, and is well positioned to be a recognized leader in next generation cloud-based energy management,” said Russ McMeekin, CEO, SCI.

“We are delighted to become part of the SCI family. The newly formed company will have tremendous capabilities in serving global customers using a scalable platform,” said Todd Jarvis, President, Servidyne.

San Francisco, CA &  Atlanta, GA

 

Posted in B2B Services, Consultancy, Energy & Environmental Services, ~North America. Leave a Comment »

Smart Metering Systems to float on AIM with a market capitalisation of £50M

June 27, 2011 — Fusion DigiNet

Smart Metering Systems has announced its flotation on AIM. Dealings in the Group’s shares will commence on 8 July 2011. The Group’s ticker symbol will be SMS.L. The market capitalisation of the Group at the Placing Price will be £50 million. The proceeds will be used to fund the organic growth of the business through investment in gas meter assets and the Group’s patent pending ADM smart metering device.

The company has already raised £10.0 million of new investment from a broad range of institutional and other investors at a price of 60 pence per share.

For the year ended 31 December 2010 Smart Metering Systems reported revenue of £12.4m and EBIT of £2.2m.

Alan Foy, Chief Executive Officer said: “I am delighted by the level of interest shown by our new shareholders to our flotation on the London Stock Exchange. The Placing has gone well and has been substantially oversubscribed in very difficult market conditions, demonstrating the strength of our business model”

Cenkos Securities plc is acting as Nominated Adviser and Broker to the Group.

UK, Glasgow

 

Posted in B2B Services, Consultancy, Energy & Environmental Services, ~Europe. Leave a Comment »
« Older posts
Newer posts »