News & Happenings
CPower to help business customers reduce electricity demand during peak hours
Leading curtailment service provider to provide commercial and industrial demand response resources to meet PA Act 129 state-mandated load reduction targets
BALTIMORE, Md. (Jan 18, 2016) –
CPower, a leading provider of demand-side energy management services to commercial and industrial customers, today announced it has been selected by FirstEnergy’s (NYSE: FE) Pennsylvania utilities to provide PA Act 129 demand response services during peak hours in the Met-Ed, Penn Power and West Penn Power service areas.
“CPower is excited to provide demand-side resources to help Pennsylvania’s forward-thinking utilities meet the state’s aggressive energy reduction goals and support grid reliability,” said Glenn Bogarde, Senior Vice President of Sales and Marketing, CPower. “We will deliver the best possible solutions for FirstEnergy’s Pennsylvania utilities, working with new and existing commercial and industrial customers to optimize overall energy savings and earnings.”
Demand response programs reward electricity users for reducing consumption when alerted by a utility or independent system operators (ISO) such as PJM Interconnection, the grid operator that services 13 states and the District of Columbia. Those reductions improve the performance of the regional electric grid, particularly during hot summer months or deep winter chills when energy usage increases. Participants are compensated based on how much electric load they commit to curtail when notified by the utility about a peak demand event during periods of potential grid stress conditions.
CPower Acquires Johnson Controls’ Integrated Demand Resources Business
Enables CPower to strengthen its position as industry leader in Demand Response
Combination will assist CPower and Johnson Controls’ customers in expanding their Demand Response participation
BALTIMORE, Md. (May 2, 2016) –
CPower announced today that it has acquired Johnson Controls’ Integrated Demand Resources (iDR) business. The purchase is part of CPower’s ongoing efforts to expand its Demand Response portfolio nationwide. For Johnson Controls, the transaction is part of a continuing strategy to invest in its building management technologies designed to deliver energy and operational efficiency to its customers.
The two companies will establish a long-term collaboration to create one of the leading providers of demand response in the market to bring greater value to customers.