CPower Energy Management (“CPower”) announced it has completed the acquisition of the U.S. demand response division of Centrica Business Solutions, (“Centrica”), becoming a national leader in unlocking the value of Distributed Energy Resources (DER) now with 6.3 GW of capacity across more than 17,000 sites — to drive grid balancing and energy flexibility. CPower helps DER owners with flexible capacity across big box retail, commercial real estate, data centers, crypto mining sites, education, healthcare, government, manufacturing and more — earn revenue for participating in demand response solutions that bolsters the grid.
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“CPower has always been committed to a customer-first culture. With the recent passage of the Inflation Reduction Act, businesses are looking for ways to capitalize on their clean energy investment to ensure they are part of the solution toward a flexible, clean and dependable energy future. We look forward to welcoming our new customers and strategizing around their resiliency and sustainability goals, while helping them drive even more value from their existing energy management strategy and assets,” said John Horton, President and CEO, CPower.
Upon the close of the transaction, previous Centrica demand response customers will join CPower, and will be able to tap the company’s industry expertise and technology to support their energy portfolios across the U.S.
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The acquisition provides more capabilities and choice for customers looking to maximize the value of their DERs as they now have access to CPower’s solutions and artificial-intelligence powered technology, EnerWiseTM Site Optimization, which automates energy assets across multiple energy market and utility programs simultaneously.
“As interest in DERs grows, so does innovation that enables more participation. Customers are seeking automated solutions that provide them the greatest return. Our CPoweredTM Technology Solutions helps customers future proof their business, providing actionable intelligence to optimize their DER strategies today while preparing for new opportunities tomorrow,” said Glenn Bogarde, Senior Vice President – Sales, CPower.
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