CPower Announces Completion of Acquisition of Centrica’s U.S. Demand Response Business

With 6.3 GW of capacity at more than 17,000 U.S. sites, CPower is a national leader in unlocking the value of customer-powered distributed energy to provide grid balancing and flexibility

Baltimore, October 6 June 2022 /PRNewswire/ — Today, CPower Energy Management (“CPower”) announced that it has completed the acquisition of the US demand response division of Centrica Business Solutions (“Centrica”), becoming a national leader in unlocking the value of distributed energy resources (there)
— Now over 17,000 sites with a capacity of 6.3 GW — to drive grid balancing and energy flexibility. CPower helps DER owners have flexible capacity in large retail, commercial real estate, data centers, crypto mining sites, education, healthcare, government, manufacturing, and more – earning income by participating in demand response solutions that support the grid.

“CPower has always been committed to a customer-first culture. With the recent passage of the Reduce Inflation Act, businesses are finding ways to leverage their clean energy investments to ensure they are part of a flexible, clean and reliable energy future .We look forward to welcoming our new customers and strategizing around their resilience and sustainability goals, while helping them get more value from their existing energy management strategies and assets,” said John HortonPresident and Chief Executive Officer, CPower.

Following the transaction, former Centrica demand response customers will join CPower and will be able to leverage the company’s industry expertise and technology to support its U.S. energy portfolio

The acquisition provides more functionality and choice for customers looking to maximize the value of their DER as they now have access to CPower’s solutions and AI-driven technology, EnerWiseTM value Site optimization to automate energy assets across multiple energy markets and utility projects simultaneously.

“As interest in DER grows, so does innovation to support greater engagement. Customers are looking for automated solutions that offer them the greatest return. Our CPoweredTM value Technology solutions help clients future-proof their businesses, providing actionable intelligence to optimize their DER strategies today while preparing for new opportunities tomorrow,” said Glenn BogardSenior Vice President – Sales, CPower.

Acquisition Complements CPower’s Continued Organic Growth and Includes Four New Demand Response Solutions California, Maine and Texas Announced earlier this summer. CPower has also recently expanded to Illinois and MISO to provide new demand response solutions for Ameren Illinois commercial and industrial customers.

About CPower Energy Management

CPower Energy Management is a leading national provider of energy solutions guiding customers towards a clean and reliable energy future. We manage approximately 6.3 GW of capacity in the United States, creating a virtual power plant that benefits the grid and the community. CPower maximizes the value of our customers’ electrical loads, facility assets and distributed energy resources, while providing flexibility, capacity and other ancillary services to the grid.With over 20 years of experience, we have grown to offer more than 60 local energy programs, partner with grid operators and utilities, serve more than 17,000 sites, and provide approximately 286,000 metric tons of CO22 Reduced in 2021 alone. CPower is located in Baltimore, Maryland LS Power is a development, investment and operation company focused on the power and energy infrastructure sector. For more information, please visit: www.cpowerenergymanagement.com.

About Centrica Business Solutions

Centrica Business Solutions is part of Centrica, a leading provider of energy services and solutions, built on a 200-year tradition of serving people. We analyze, finance, install, operate and optimize energy, working across energy sources to transform the way businesses acquire, consume and manage electricity.

Centrica Business Solutions will continue to focus on supporting business customers North America By growing their core sustainable energy services business, enabling them to balance sustainability and cost management needs with energy services.

Source CPower Energy Management

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