July 2, 2013: Energy Efficiency Company Partners with Investment Firm
CLEAResult Designs and Implements Energy Efficiency Programs
CLEAResult designs and implements energy efficiency programs for utility companies and businesses across North America. Since its founding in 2005, the company said it has helped thousands of utility customers, including schools, local governments, small and large businesses, and homeowners reduce energy use through technical guidance and financial assistance. In addition to utility companies, CLEAResult works with data centers and other large consumers of energy to help them manage energy use more efficiently.
“Energy efficiency and demand management programs offer compelling long-term value for all constituents — lower peak load requirements for utilities, reduced energy bills for end-users, and a smaller environmental burden for the public,” said Adrianna Ma, General Atlantic managing director, who will join the CLEAResult board. “CLEAResult’s entrepreneurial management team and relentless focus on delivering world class, technology-enabled solutions to its blue chip utility clients and energy end-users make the company the best platform for continued growth through organic initiatives and strategic acquisitions.”
“We couldn’t be happier that General Atlantic has chosen to invest in CLEAResult, and look forward to working with the General Atlantic team,” said Glenn Garland, CEO of CLEAResult. “General Atlantic’s investment philosophy, large and stable capital base, and deep understanding of energy efficiency make them ideal partners as we build our company and serve our utility clients.”
CLEAResult has 1,100 employees responsible primarily for program design and management, and also helps create jobs by using networks of local businesses for onsite hardware installation work. The company has 32 locations in North America, and is currently managing over 200 programs in 27 states and two Canadian provinces.
For more information, visit www.clearesult.com.
Publication date: 7/1/2013