BALTIMORE — CPower announced 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.”
For more information about CPower, visit http://cpowerenergymanagement.com.
For more information about Johnson Controls, visit www.johnsoncontrols.com.
Publication date: 5/18/2016