Enerwise Global Technologies Acquires Clean Power Markets
KENNETT SQUARE, Pa., Oct. 4 /PRNewswire/ — Enerwise Global Technologies (http://www.enerwise.com/), a leader in energy and energy infrastructure products and services, today announced that the company has completed the acquisition of California-based Clean Power Markets, Inc. The deal allows Enerwise to expand its product offerings and establishes the company as a key player in the renewable energy industry.
Since its founding in 2000, Clean Power Markets, Inc. has provided the infrastructure at the wholesale level for the renewable power market to accurately track and verify green power transactions for compliance with renewable portfolio standards; green (or renewable) energy trades in regulated and deregulated electricity markets; and electricity disclosure requirements by states, regions, or green-e. These offerings complement and extend Enerwise’s portfolio of energy management solutions and positions the company to provide additional products and services for a broader set of institutions in addition to commercial and industrial (C&I) customers. Under the terms of the agreement, Clean Power Markets becomes a wholly-owned subsidiary of Enerwise.
“With the addition of Clean Power Markets’ capabilities, Enerwise offers the marketplace the strongest and most comprehensive suite of renewable energy products and services available, including the administration and tracking of state and regional renewable portfolio standards,” said Dean Musser, president and CEO of Enerwise. “In addition, we will benefit from Clean Power Markets’ established presence in key geographic markets including New Jersey, Connecticut, and Wisconsin.”
Current and future Enerwise customers will benefit from a proven resource on tracking and monitoring renewable power under the combined companies as well as Clean Power Markets’ expertise in facilitating the trade of green power. This will be especially important for customers required to meet energy consumptive goals with renewable resources.
“With the Enerwise corporate strength behind us, Clean Power Markets will be able to expand our renewable energy tracking and verification services to a broader audience,” said Janis Pepper, President of Clean Power Markets. “We are thrilled to become a part of such an impressive team, and look forward to putting the combined expertise of these two companies to work for Enerwise and Clean Power Markets’ customers everywhere.”
About Enerwise
Enerwise Global Technologies (http://www.enerwise.com/) is a leader in energy and energy infrastructure management, enabling partners to reduce energy costs, comply with increasingly demanding environmental regulations, take advantage of alternative power initiatives, increase operational security and improve reliability. Managing over 600 Megawatts of demand response load, the company delivers innovative solutions directly to commercial and industrial customers or through a strong Channel Partner network, delivering custom branded web sites and solutions to meet the specific objectives of Utilities, Energy Service Providers, Market Participants, Municipals and Cooperatives. From its headquarters in suburban Philadelphia, Enerwise provides energy intelligence and managed energy services to domestic and international C&I customers, including more than 100 of the Fortune 500 companies.
About Clean Power Markets, Inc.
Clean Power Markets, Inc., founded in 2000, is headquartered in Los Altos, California, with offices in Pennsylvania, and New Jersey. The company builds and administers web-based renewable energy tracking systems for Wisconsin’s Renewable Resource Credit program, New Jersey’s Solar Renewable Energy Certificate program, and the Connecticut Clean Energy Fund.
Enerwise Global Technologies
CONTACT: Michael Pristas, Enerwise Global Technologies, +1-610-444-1100,michael.pristas@enerwise.com; Nissa O’Mara, Blank Rome, +1-484-888-0678,omara-n@blankrome.com, for Enerwise Global Technologies
Web site: http://www.blankrome.com/http://www.enerwise.com/