With more than 17,000 sites across the US and 6.3 GW of capacity, CPWOR is a national leader in delivering grid balance and flexibility by unlocking the value of distributed energy resources for customers.
Baltimore, October 6, 2022 /PRNewswire/ — Today, CPPower Energy Management (“CPPower”) announced that it has completed the acquisition of Centrica Business Solutions, a US demand response division (“Centrica”), a national leader in unlocking the value of distributed energy resources. (Der)
— Now with 6.3 GW of capacity at over 17,000 sites — to drive grid balancing and energy flexibility. CPower helps DER owners with flexible capacity in big-box retail, commercial real estate, data centers, crypto-mining spaces, education, healthcare, government, manufacturing and more — earn revenue for participating in demand response solutions that support the grid.
“CPower has always been committed to a customer-first culture. With the recent passage of the Affordable Care Act, businesses are looking for ways to leverage clean energy investments to ensure they are part of a flexible, clean and reliable solution. Energy Forward. We look forward to welcoming our new customers and strategies around their risk and sustainability goals.” It is helping them to design and extract more value from their current energy management strategy and assets, he said. John HortonPresident and CEO, CPWOR.
Upon completion of the transaction, Centrica’s existing demand response customers will join CPower, and will be able to tap into the company’s industry expertise and technology to support their energy portfolios across the US.
The acquisition provides additional capabilities and choices for customers looking to maximize the value of their DERs, as they now have EnerWise’s CPower solutions and artificial intelligence-powered technology.TM Optimizing energy assets on multiple energy market and utility programs at the same time.
“As interest in DERs grows, so does innovation that enables greater engagement. Customers are looking for automated solutions that deliver the highest return. Our CPWorderTM Technology Solutions helps customers tomorrow-proof their businesses, providing actionable knowledge to optimize their DER strategies today while preparing for new opportunities tomorrow. Glen BogardeSenior Vice President – Sales, CPW.
This acquisition is complementary to CPWOR’s continued organic growth, including four new demand response solutions. California, Maine And Texas He was diagnosed earlier this summer. Cpyware has also recently been deployed. Illinois and MISO’s new demand response solution for Ameren’s Illinois commercial and industrial customers.
About CPWOR Energy Management
CPWOR Energy Management is a leading, national energy solutions provider that guides its customers toward a clean and reliable energy future. We manage approximately 6.3 GW of capacity across the US, creating virtual power plants that are good for the grid and good for communities. CPWOR maximizes the value of our customers’ electrical installations, facility assets and distributed energy resources, while delivering flexibility, capacity and other ancillary services to the grid. With more than two decades of experience, we’ve grown to provide over 60 domestic energy programs, partnering with grid operators and utilities to serve more than 17,000 sites, supplying over 286,000 metric tons of CO.2 Reduction in 2021 only. Cpyware is founded by Baltimore, Maryland and owned by LS Power, a development, investment and operating company focused on the power and energy infrastructure sector. For more information, visit: www.cpowerenergymanagement.com.
About Centrica Business Solutions
Centrica Business Solutions is part of Centrica, a leading energy services and solutions provider built on a 200-year heritage of serving people. We research, finance, install, operate and demonstrate energy, working on energy sources to transform the way businesses acquire, consume and manage their power.
Centrica Business Solutions continues to focus on supporting business customers North America Growing the core sustainable energy services business by enabling energy services to balance sustainability and cost management needs.
Source CPWOR Energy Management
