Alfa Energy, the international energy and sustainability consultancy, has been sold to Edison Energy (DBA in Europe as Altenex Energy) a leading global energy and sustainability advisory firm. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.
The two entities are coming together to help the world’s largest and middle-market corporate, industrial and institutional clients set and meet robust sustainability commitments and navigate the choices and opportunities that are emerging from the global transition to a net-zero future.
Based in the UK and with a Pan-European presence, Alfa Energy has worked with some of the world’s largest organizations to procure and manage their energy as they seek ways to meet their energy, sustainability, and technology needs.
Alfa Energy has been a trusted Edison Energy partner for more than seven years, creating strong relationships among the organizations’ leaders and team members through their mutual engagement with clients.
Paul Kelly, Director at Fusion Corporate Partners said: I have known Damir and Elvin for many years and watched them grow their company to become one of the few truly international energy and sustainability consultancies. It has been a pleasure to work with them and their leadership team. I wish them every success as they continue to build a global business, but now with the combined experience and expertise of Alfa Energy and Edison Energy.
“With more global clients seeking ways to decarbonize their operations, the time is right for Edison Energy to expand its platform across the Atlantic, with service to 22 European countries,” said Oded J. Rhone, CEO of Edison Energy. “During this time of turmoil in the energy markets, customers’ needs are rapidly evolving. The combined capabilities of Edison and Alfa more fully position us to help our clients set and meet their energy and sustainability commitments in a timely and thorough manner.”
As Edison Energy and Alfa Energy become one global company, its combined experience and expertise, technological capabilities and local market intelligence will allow the advisory firm to help organizations achieve their strategic, financial, and energy and sustainability goals.
“Alfa Energy has made a significant service contribution to commercial and industrial clients in the UK and Europe,” said Damir Ahmovic, Alfa Energy CEO. “By joining forces with Edison Energy – which has been our long-term partner in the delivery of services to global accounts – that dream is now a reality. A sustainability agenda demands systemic decarbonization. The enhanced deliverables of the combined company will position us to help our clients navigate their way towards a better future.’’
“Decarbonization is a strategy that must be implemented at a global scale,” said Hannah Badrei, Ph.D., Vice President of Edison’s Energy Supply Advisory. “In highly volatile commodity markets, our global clients are seeking integrated energy risk management and procurement solutions that are sustainable and resilient. The integration of our companies will help our clients achieve these goals.”
USA, Irving, CA and UK, London
Other Fusion Energy & Sustainability Deals
- Powerful Allies sold to ECI backed Zenergi
- TEAM (Energy Auditing Agency Limited) sold to EDW Technology
- Carbon Clear sold to EcoAct
- EnergyQuote JHA sold to Accenture
- Energy Team sold to Inprova Group
- Ener-G Procurement sold to Inprova Group
- Energy specialist Utilyx sold to MITIE Group
- Utility Masters Limited sold to M&C Energy Group
- Encore International sold to McKinnon & Clarke
- John Hall Associates, the leading supplier of Energy market intelligence and procurement services, sold to EnergyQuote
- Euromoney Institutional Investor PLC sold Energy Information Centre Ltd, an energy intelligence provider, to Broadfern Partners