CPower Recognized for the Second Year in a Row
for Unlocking the Value of 6.3 GW of Customers' Distributed
Energy Resources to Save on Energy Costs, Balance the Grid and
Decarbonize the Environment
BALTIMORE, Oct. 13,
2022 /PRNewswire/ -- CPower Energy ("CPower"), a
national leader in unlocking the full value of customer Distributed
Energy Resources (DERs), today announced it has been selected as a
finalist in the Grid Edge category for the 24th Annual S&P
Global Platts Global Energy Awards. The 2022 finalists were
selected by program host S&P Global Platts, the leading global
provider of energy and commodities information and spot market
benchmarks. This recognition comes following CPower's recent
acquisition of Centrica Business Solutions' U.S. demand response
business, with CPower now managing a total of 6.3 GW of capacity
nationwide.
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CPower rewards more than 2,400 commercial and industrial
organizations who own DERs across the U.S. for reducing their power
or generating energy locally to provide grid balancing services
when the grid is stressed, paying its customers more than
$230 million last year alone. CPower
has more than two decades of experience providing grid services and
leverages its artificial intelligence-powered technology to provide
energy users with real-time insights to track their energy system
performance and ensure that they get the most out of their DER
strategy.
The Grid Edge category recognizes innovative energy solutions
that are advancing a multi-directional electric grid and optimizing
the link between utilities and energy users. CPower has been
selected as a finalist for its demonstrated and ongoing efforts to
enable more than 17,000 sites across all major U.S. energy markets
to take a more active role in multi-directional energy solutions in
partnership with utilities and Independent System Operators. The
theme for this year's awards is Committed.Connected.Charged. –
reflecting the common thread of stewardship energy industry leaders
are exemplifying in propelling the global energy transition, as
well as supporting their local communities.
"We're honored that our work with our customers and partners to
build a better, more reliable power grid is being recognized. The
proliferation of DERs means that there are more opportunities for
our customers to contribute value to and benefit from the energy
transition, while we help solve challenges that will create a
clean, flexible and dependable grid," said John Horton, President and CEO, CPower. "We're
proud to be recognized by S&P Global Platts for a second year
in a row for providing customers with the industry's highest-rated
service while helping them lower their energy costs, ensure
operational resiliency in the face of extreme weather and capacity
shortfalls, and decarbonize their businesses and communities."
"In a year of unexpected challenges, from Europe's energy crisis to trade-flow changes
and banner market volatility, it's particularly inspiring to see
the innovation and leadership of this year's finalists in steering
a course toward a better energy future," said Sue Avinir, Senior
Vice President of Conferences & Advisory Solutions, S&P
Global Commodity Insights. "We're proud to honor this year's
finalists and celebrate their efforts."
The winners will be announced at the S&P Global Platts
Global Energy Awards gala on December
8 in New York City.
To learn more about CPower's solutions, visit:
www.cpowerenergymanagement.com/performance-solutions.
To view the complete list of Global Energy Award categories and
finalists, visit:
www.spglobal.com/platts/global-energy-awards/finalists.
About CPower Energy
Management
CPower Energy Management is the leading, national energy
solutions provider guiding customers toward a clean and dependable
energy future. We manage approximately 6.3 GW of capacity across
the U.S., forming virtual power plants that are good for the grid
and great for the community. CPower maximizes the value of our
customers' electricity loads, facility assets, and distributed
energy resources while delivering flexibility, capacity, and other
ancillary services to the grid. With more than two decades of
experience, we've grown to offer more than 60 local energy
programs, partnering with grid operators and utilities to serve
over 17,000 sites, delivering approximately 286,000 metric tons of
CO2 reductions in 2021 alone. CPower is based in Baltimore, Maryland, and is owned by LS Power,
a development, investment, and operating company focused on the
power and energy infrastructure sector.
For more information, visit: www.cpowerenergymanagement.com.
About S&P Global
Platts
At S&P Global Platts, we provide the insights; you make
better-informed trading and business decisions with confidence.
We're the leading independent provider of information and benchmark
prices for the commodities and energy markets. Customers in over
150 countries look to our expertise in news, pricing, and analytics
to deliver greater transparency and efficiency to markets. S&P
Global Platts coverage includes oil and gas, power, petrochemicals,
metals, agriculture, and shipping.
S&P Global Platts is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for companies,
governments, and individuals to make decisions with confidence. For
more information, visit: http://spglobal.com/platts.
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SOURCE CPower Energy Management