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.
About CPower: CPower is a demand-side energy management company with 25+ years of knowledge and experience in helping customers implement intelligent energy management programs in each of the country's open energy markets. A pioneer of Demand Response, CPower creates optimized energy management strategies that help businesses streamline their energy usage, offset costs through Demand Response participation and reach their sustainability goals. Today, CPower serves more than 1,500 commercial and industrial customers at thousands of sites within the U.S. For more information please visit CPowerEnergyManagement.com.