CPower Acquires Johnson Controls’ Integrated Demand Resources Business
- May 2, 2016 2:45 am GMT
- 1850 views
BALTIMORE, Md. (May 2, 2016) –
CPower announced today that it has acquired Johnson Controls’ Integrated Demand Resources (iDR) business. The purchase is part of CPower’s ongoing efforts to expand its Demand Response portfolio nationwide. For Johnson Controls, the transaction is part of a continuing strategy to invest in its building management technologies designed to deliver energy and operational efficiency to its customers.
The two companies will establish a long-term collaboration to create one of the leading providers of demand response in the market to bring greater value to customers.
Demand Response programs provide electricity consumers with incentives to curtail usage during peak periods. Combining CPower and Johnson Controls’ expertise and technological advantages will provide customers with solutions aimed to optimize their Demand Response participation.
“Both CPower and iDR put a tremendous emphasis on building strong relationships and working with our customers as trusted advisors to help them achieve their energy goals,” said John Horton, CPower’s President and CEO. “The expertise and talent of the combined team of employees will clearly benefit our customers.”
“Johnson Controls is committed to providing holistic energy solutions to its customers and Demand Response is a key part of that equation,” said Kasturi Rangan, vice president of global strategy and business development, Building Efficiency, Johnson Controls. “We will continue to collaborate with CPower on commercial and technology platforms, to bring our customers access to broader Demand Response market opportunities.”
CPower is an 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 1,000 commercial and industrial customers at thousands of sites within the U.S. For more information please visit CPowerEnergyManagement.com.
About Johnson Controls:
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 150,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating components and systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2016, Corporate Responsibility Magazine recognized Johnson Controls as the #17 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.