Enerwise Receives Funding To Drive Additional Growth
Kennett Square, PA — September 13, 2004 — Enerwise Global Technologies, a leader in enterprise energy management and monitoring and control of distributed energy technology, announced today it recently closed its Series C funding. Previous investors EnerTech Capital, Hydro-Quebec CapiTech, and Endeavor Capital lead the group of investors in the new financing.
The funding will be used for Enerwise's growth that includes enhancements to its successful web based applications; additional software and hardware enhancements designed to support distributed generation operations and maintenance; and specific projects aimed at continued business growth.
"This new round of funding continues to show the full support and confidence from our original investors", said Dean Musser, president of Enerwise. "We are extremely pleased we can generate this level of support in the current business environment". "It is validation of our business model, profitable operations, strategic direction and the position Enerwise holds in the marketplace".
"We are thrilled with the recent funding for Enerwise, the cooperation and commitment of the Series C investors, and look forward to continued success of the company with its existing offerings as well as the exciting new products and services in development," said Dave Kelly, Chairman of Enerwise. "Enerwise continues to demonstrate its financial and strategic attractiveness to parties in the energy technology space and fulfills real customer needs in the market".
Enerwise Global Technologies, a proven leader in Enterprise Energy Management Solutions, enables commercial and industrial customers to reduce energy, costs, improve reliability, and maximize efficiency. Enerwise provides the products and services needed to gain a thorough understanding of energy data and the ability to utilize that information to develop and implement effective demand reduction programs and scalable enterprise energy management strategies. From its headquarters in suburban Philadelphia, Enerwise provides energy intelligence and managed energy services for domestic and international C&I customers, including more than 100 of the Fortune 500 companies. The company's Web site is www.enerwise.com.