Texas based CLEAResult, has announced an agreement to acquire the Utility Division of Ecova, now known as ENGIE Insight, to provide retail-based and midstream demand side management programmes.
The acquisition will expand CLEAResult’s ability to help its utility clients, enhance customer experience and deliver greater energy efficiency savings to their residential, commercial and industrial customers.
CLEAResult designs and implements technology-enabled demand side management programmes for utilities and the collaboration will secure a significant network of relationships across home improvement retailers, global lighting, smart thermostat and other efficient product manufacturers.
CLEAResult plans to leverage the combined offerings to continue to transform retail-based and midstream demand side management programmes through key innovations such as digital instant rebates and digital marketplace applied to leading-edge smart-thermostat, low income and renewables programmes.
“We’re excited to have ENGIE Insight’s Utility Division join the CLEAResult team,” said Aziz Virani, CEO at CLEAResult. “Together, we will leverage our combined capability set to help our utility clients deliver a superior customer experience combined with greater and accelerated energy efficiency savings to their customers.”
“ENGIE Insight’s Utility Division is a natural complement to CLEAResult’s capabilities and we share CLEAResult’s vision of changing the way people use energy,” said Mark Henderson, Chief Utility Officer at ENGIE Insight.
ENGIE Insight’s Utility Division helps utilities navigate the current disruption by using data, insight and action. It has approximately 200 employees implementing a portfolio of energy efficiency programmes for utilities across North America.
Upon sale close, ENGIE Insight’s Utility Division will be rebranded CLEAResult.