CPower to Acquire US Demand Response Business of Centrica

BUSINESS

CPower Energy Management (CPower), a leading national energy solutions provider, announced it has entered into a definitive agreement to acquire the US demand response division of Centrica Business Solutions, LLC. Centrica is an integrated energy solutions company providing commercial and industrial load management with customers in PJM, NYISO, ISO-NE, and ERCOT.

This acquisition will position CPower as a leader in the United States in providing grid flexibility and reliability through the distributed energy resources (DER) powered by the customer, along with around 6.3 gigawatts of capacity at over 17,000 sites available to be dispatched to the grid when it was needed the most.

CPower also helps participating DER owners to keep energy costs low, along with enhancing resiliency and avoiding carbon emissions by being available to use less amount of electricity during the peak period.

John Horton, president and chief executive officer of CPower, said this marks an important milestone for CPower, as they will become the unequivocal leader in the United States for offering flexibility, and monetization through the Distributed Energy Resources. They are looking forward to welcoming Centrica customers, who can possibly expect the highest rated customer experience in the industry backed by expertise, innovation, and quality service.

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CPower helps the power grid and over 2,000 DER owner customers across the United States to decrease power during critical periods when the grid is stressed, including most household brand names across big box retail.