Ecova Named One to Watch in Groom Energy Enterprise Smart Grid Research

Ecova, a leading total energy and sustainability management company, today announced that it has been named as one of 10 “Enterprise Smart Grid Vendors to Watch” in Groom Energy’s “The Enterprise Smart Grid – a Corporate Buyer’s Guide for Energy Management Software” report. The report is the result of 65 interviews with corporate energy, facility and sustainability managers and vendors offering enterprise smart grid related technologies. According to Groom Energy’s research, the new market represents a $5.2 billion industry within the U.S., and is growing at 40 percent per year. Vendors were selected based on their innovation, customer proof points, strong market momentum, aggressive product development and increased emphasis on enterprise-wide and multiple-site implementations.

“Being included in the Groom report is an honor, particularly as the research was developed from the point of view of the enterprise client. This is how Ecova thinks about energy management as well,” said Jeff Heggedahl, CEO of Ecova. “We are excited about the focus on the role of the utility in energy management, as we see this as a key differentiation for Ecova and our clients.”

Over the past six months, Ecova has made significant acquisitions to deepen its energy and sustainability management portfolio, build its facility optimization capabilities, broaden its client portfolio and extend its geographic reach. Ecova acquired LPB Energy Management in January 2012 and Prenova in November 2011. The company has also furthered product development and innovation with the release of Carbon Manager, a major update to its carbon accounting and management solution.

“Companies looking to purchase solutions for reducing energy spend and greenhouse gas emissions are faced with a confusing and complex marketplace. Our report minimizes this confusion,” said Paul Baier, report author and vice president of research for Groom Energy Solutions. “Ecova was named one of the top 10 vendors to watch due to the broadening of its product line and strength in utility expense management.”

About Ecova

Ecova is the total energy and sustainability management company whose sole purpose is to see more, save more, and sustain more for its clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations. Ecova is the largest non-regulated subsidiary of Avista Corp (NYSE: AVA and avistacorp.com). For more information, visit the company’s website at ecova.com, on LinkedIn at linkd.in/ecovainc, or follow Ecova on Twitter at @ecovainc.

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