Enerwise Global Technologies Formed to Provide Energy Intelligence Solutions for Corporations
Company Provides Information on Consistency, Quality and Use of Energy
Kennett Square, PA — May 1, 2001 — Enerwise Global Technologies, a major provider of enterprise-wide energy intelligence and managed energy services for domestic and international corporations, today announced the completion of its spin-off from Conectiv, Inc. Enerwise Global Technologies was formed with the assets of Conectiv Inc., in conjunction with funding by EnerTech Capital Partners II L.P. and other leading energy industry venture capital firms, including CapiTech, Inc., a subsidiary of Hydro-Quebec.
Enerwise Global Technologies addresses the energy intelligence needs of medium to large enterprises in a broad range of commercial and industrial (C&I) segments for which managing the consumption, reliability, and cost of energy is mission critical. By capturing, integrating, analyzing and monitoring vital energy and operational data for its customer, Enerwise Global Technologies is able to recommend and implement solutions to improve facility operations, increase reliability and reduce costs.
"The need for meaningful energy information will continue to rise as energy supplies remain tight and energy prices prove volatile, and as many businesses become increasingly aware that the quality and reliability of the energy they receive can have significant impact on their operations" said Dom Geraghty, Senior Vice President of Enerwise Global Technologies. "Our vision is to transform the way businesses understand and make decisions about their energy consumption, thereby enabling them to manage their energy-related costs while maintaining their up-time objectives."
Three key elements work in harmony to enable and distinguish Enerwise Global Technologies from its competitors:
- Expedient operational tactics combining the efficiency of the centralized, 24x7x365, remote-monitoring Information Command Centers (ICCs), with convenient and secure customer access to up-to-the-minute intelligence via the Web.
- Reliable, robust technologies that can be seamlessly integrated into existing enterprise systems and have been fully proven; in fact, they are already in place in hundreds of major corporations.
- Experienced energy management professionals who truly understand the energy challenges that customers face, and who can offer real-world solutions to help them meet those challenges.
"No other resource offers enterprises a more comprehensive energy intelligence and management solutions set," said Scott Ungerer, Managing Director of EnerTech Capital Partners. "Enerwise Global Technologies is immediately in a market-leading position as the only organization whose solutions have been successfully implemented and are working for hundreds of demanding- and satisfied- customers."
From its headquarters in Kennett Square, PA, Enerwise Global Technologies provides energy intelligence and managed energy services for domestic and international C&I customers, including companies that are leaders of their industry segments. Formed with assets contributed by Conectiv Inc., Enerwise Global Technologies has been in business since 1998. Enerwise Global Technologies formally launched in 2001 with venture capital funding provided by EnerTech Capital Partners and CapiTech, Inc., a subsidiary of Hydro-Quebec.