News & Happenings
BALTIMORE, MD (November 29, 2018) — LS Power Equity Advisors, LLC (“LS Power”), a U.S. power and energy infrastructure owner, through a private fund it manages, today announced that it has signed a definitive agreement to acquire Enerwise Global Technologies, Inc. (trade name “CPower”) from H.I.G. Capital. CPower is a leader in Demand Response and Distributed Energy Resources in North America and will continue to operate as a stand-alone entity under the LS Power umbrella of companies. The transaction is expected to close in December 2018. Financial terms were not disclosed.
Founded in 2014, CPower is a demand-side energy management company that helps organizations save on energy costs, earn revenue through energy curtailment, increase grid reliability and achieve sustainability goals. This acquisition underscores LS Power’s ongoing focus on deploying its considerable power market expertise in critical and growing sectors of the market.
BALTIMORE, MD —CPower Energy Management announces the appointment of Brad Widdup as Director and General Manager to lead its expansion into the Canadian demand-side energy management markets. He brings more than 25 years of experience working in and around the North American utility industry, with experience in customer and operational applications for both regulated and deregulated energy markets.
“Unequaled Commitment to Its Clients’ Success”: CPower Awarded 2018 Customer Value Leadership Award for North American Demand Response Industry
BALTIMORE, MD — Frost & Sullivan, a global growth partnership company focusing on growth, innovation and leadership, has recognized CPower Energy Management as the 2018 Customer Value Leader in the Demand Response Industry.
“To achieve leadership in customer value is never an easy task,” said David Frigstad, Chairman of Frost & Sullivan, “but it is one made even more difficult considering today’s competitive intensity, customer volatility, and economic uncertainty… Within this context, your receipt of this Award signifies an even greater accomplishment.”
John Horton, President and CEO of CPower, added, “It is an honor to receive this award, mainly because of everything it stands for—Customer Value Leadership. Our slogan at CPower is ‘We’re Here To Help’. This means we’re going to help our customers master their organization’s energy spend, improve their bottom line and enhance their sustainability efforts. When our customers succeed, we are in alignment with everything we stand for here at CPower.”
Innovative Stem, CPower Partnership Generates Energy Innovation Award for California State University, Dominguez Hills
BALTIMORE, MD, and Millbrae, Calif., —When CPower Energy Management and California-based Stem Inc. announced their partnership in 2017, they knew their leading-edge AI-powered energy storage + demand response program would pay dividends for customers. Neither company, though, anticipated that it would be award-winning. At least not so soon.
That changed on February 2, when Smart Energy Decisions announced that Stem-CPower customer California State University, Dominguez Hills, has been awarded their 2018 Innovation Award in the Customer Project/Onsite Renewable Energy category.
BALTIMORE, MD, Richmond, VA — CPower Energy Management, a national leader in demand-side energy management solutions, has appointed Joe Hayden to lead their Texas-based ERCOT sales and fulfillment teams.
“With recent generation plant closures and increased energy consumption, the ERCOT market is experiencing a lot of evolution and change. A future where demand-side management is an even greater function of grid reliability and energy spend management is very plausible,” said Glenn Bogarde, CPower’s Senior Vice President of Sales and Marketing. “To ensure CPower’s success in managing these changes and creating more opportunities for our customers, the addition of Mr. Hayden is essential.” Bogarde added, “Joe’s proven experience in aligning solutions to specific customer needs in complex and evolving markets will be a significant benefit to CPower and the customers we serve in ERCOT.”
BALTIMORE, MD, Richmond, VA — CPower Energy Management has received a Notice of Intent to Award from the Commonwealth of Virginia to provide curtailment and demand response (DR) services to facilities statewide. This is CPower’s third consecutive demand response contract with Virginia.
The renewed contract was awarded through a competitive procurement process. It will cover 135 accounts across the state, including K-12 schools, public universities, airports, and municipal buildings. The program is managed and overseen by the Virginia Division of Energy’s Department of Mines, Minerals and Energy (DMME).
In 2017, CPower enrolled 78 MW in PJM Interconnection’s demand response program on behalf of the state. CPower also enrolled 7 MWs of additional capacity in the form of completed energy efficiency projects that qualified to earn additional revenue from the forward capacity market.
“We are proud to have CPower as our partner again for the next three years,” said Nam Nguyen, manager of DMME’s Virginia Energy Management Program. “The whole CPower team, and Leigh Anne [Ratliff] in particular, has always been dedicated to both providing the best service and increasing enrollment to benefit the state.
CPower Contracts with SCE to provide 35 MWs of DR Capacity under Demand Response Auction Mechanism (DRAM)
CAMPBELL, Ca., Nov. 7, 2017 — CPower, a leading provider of commercial and industrial demand response in California and the US, announced today it has contracted with Southern California Edison to provide 35 megawatts (MWs) of the utility’s 100 MW capacity procurement as part of the 2018/2019 Demand Response Auction Mechanism (DRAM), a pilot program entering its third phase.
The announcement comes as demand response in California continues evolving and becomes more integrated with other resources into the California Independent System Operator’s (CAISO) markets.
Jennifer Chamberlin, CPower’s Executive Director for California, has more than 15 years of experience in the Golden State’s energy industry and believes CPower is positioned to help the state achieve its clean energy and grid reliability goals with the DRAM program while helping organizations earn revenue through curtailment.
“The DRAM Pilot is an exciting way for customers to participate directly in the CAISO markets,” Chamberlin said. “Our customers offer load curtailment that can be used to meet grid needs instead of turning on a power plant, helping to support the CAISO grid with a carbon-free resource attained by allowing customers to respond to market prices and reduce energy consumption when the system needs it most.”
CPower Appoints JP Harper VP National Accounts, GM California Market
September 21, 2017 –CPower Energy Management, a national leader in demand-side energy management solutions, has appointed JP Harper to lead its national sales and California market teams.
“Our executive team set out to find an executive leader to be highly focused on the fast-growing California market and our national customer accounts that extend across multiple open energy markets,” said Glenn Bogarde, CPower’s Senior Vice President of Sales and Marketing. “We are very excited to bring JP on to fill this new executive position. His experience and qualifications make him uniquely qualified to lead the company’s expansion in these markets.”
Navigant: New Demand Response/Energy Storage Partnership Poised to Reduce Customer Deployment Hurdles
CPower and Stem partnership highlighted by Navigant Research.
September 12, 2017 – “[…] a recent partnership announcement by CPower and Stem will combine Stem’s energy storage capabilities services with CPower’s DR and curtailment services to better manage customer energy load and spend. Given the current contracting and revenue models that each vendor provides, an integrated Stem/CPower offering has the potential for an improved customer savings business case that can exceed the business case of each technology individually.”
Stem and CPower Announce Energy Management Partnership
Demand response, intelligent energy storage leaders to jointly offer integrated demand-side solutions
MILLBRAE, CA and Baltimore, MD– August 8, 2017 – Stem, Inc., the leader in intelligent energy storage services, and CPower, the leader in demand response (DR) and demand-side energy management services for commercial and industrial customers, announce a new partnership to deliver a unique demand-side energy solution to customers across the U.S., starting in California.
The partnership will combine Stem’s energy storage services with CPower’s demand response and curtailment services to offer customers an integrated solution for managing electricity demand. In so doing, Stem and CPower co-optimize two increasingly important resources at the customer facility level to provide customers with both a steady revenue stream and substantial energy savings, all while alleviating stress on the grid.
The Stem-CPower partnership is ideal for commercial, industrial, and institutional customers who are interested in optimizing operations, increasing profitability and advancing sustainability. Customers can now take advantage of the confluence of energy management technologies and smart grid opportunities by automatically reducing load when prices peak, earning revenue through DR and supporting a modern, resilient grid for their community.
CPower Acquires Leading Energy Efficiency Measurement Firm
BALTIMORE, July 7, 2017
CPower announced today that it has acquired eCap Network, a leading provider of energy efficiency measurement and verification services in the PJM market. The purchase is part of CPower’s ongoing efforts to expand its demand-side management services nationwide.
Already one of the largest providers of demand response to commercial and industrial organizations in the US, CPower is deepening its commitment to energy management capabilities by enhancing its energy efficiency expertise through the acquisition of eCap.
eCap has a strong reputation for helping customers monetize their energy efficiency projects in PJM and was an early market entrant in the energy efficiency measurement and verification niche.
John Horton, CPower’s President and CEO, believes the acquisition will help CPower provide its customers with an opportunity to create more value from their energy efficiency projects as the PJM market evolves to meet the grid’s reliability needs of the future.
“eCap specializes in qualifying and capitalizing energy efficiency projects in PJM’s complex markets,” Mr. Horton said. “eCap’s team has years of experience and, like CPower, is committed to helping customers achieve and exceed their energy management goals. We’re thrilled to have their expertise in-house to complement our extensive demand-side management product offering.”
The changing nature of PJM’s Reliability Pricing Model favors capacity offerings from both demand response and energy efficiency resources. With the acquisition of eCap, CPower is in prime strategic position to help their customers earn revenue with both.
Learn more about CPower’s enhanced energy efficiency offerings HERE.
CPower signs contract with PECO to help business customers in Pennsylvania reduce electricity demand during peak hours
Leading curtailment service provider to offer commercial and industrial demand response resources to meet PA Act 129 state-mandated load reduction targets
CPower to help reduce electricity demand during peak hours in National Grid’s New England service territory
Offers Massachusetts and Rhode Island Business Customers New National Grid Demand Response Program to Boost Energy Savings
BALTIMORE, Md. (Mar 28, 2017) –
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.