BALTIMORE, Dec. 1, 2021
/PRNewswire/ -- Global energy and natural resources consultancy
Wood Mackenzie, a Verisk business (Nasdaq: VRSK), recognized CPower
Energy Management ("CPower") as one of the leading providers of
Commercial & Industrial Virtual Power Plants (VPPs) in a new
report, Battery storage virtual power plants: From early pilots
to gigawatt scale. As a leading, national energy solutions
provider with more than 4.5 GW of Distributed Energy Resource (DER)
managed capacity across the U.S., CPower forms VPPs by facilitating
and optimizing participation in demand-side management programs. In
doing so, CPower provides grid operators and utilities with
flexibility, delivering power where it's needed most, while helping
energy users reduce their emissions and manage energy costs.
The Wood Mackenzie recognition follows recent growth and
momentum achieved by CPower:
- Delivering economic value to energy users: In 2021,
CPower expects to pay approximately $230
million in grid revenue to its customers.
- More users than ever choose CPower: CPower signed on 364
new customers for the 21-22 delivery year, a record enrollment
season for the company. CPower has more than 1,850 customers at
over 11,000 sites across North
America.
- Record-breaking peak season supported by 24x7 dispatch:
Building off its established history of enabling demand-side
management, CPower has facilitated approximately 900 dispatches so
far in 2021 to quickly connect the needs of its customers to the
ever-changing needs of the grid.
- Unlocking benefits for Distributed Generation owners and
their customers: the company works with leading DER partners
such as Sunnova, AMPLY and Scale Microgrid Solutions on projects in
NYISO, ISO-NE, ERCOT, CAISO and PJM to maximize the value of their
customers' behind-the-meter assets.
- Third-party influencers validate CPower's strategy:
CPower has received award recognition from numerous industry
organizations in 2021, winning the E+E Leader Project of the Year
and FacilitiesNet Vision Awards, as well as being named a finalist
in the S&P Global Platts Global Energy Awards. CPower's
President and CEO John Horton has
also been named to the 2021 E+E Leader 100 list.
"This has been a year of immense growth for CPower, and I'm
proud of our team for continuing to deliver value for our
customers, excellence across our operations and innovation to bring
about meaningful change in how energy is generated, delivered, and
consumed," said Horton. "Our mission is to help our customers
make decisions and take actions that will create a cleaner and more
dependable energy future. Unlocking exceptional value for our
customers, building a more resilient grid and improving the
sustainability of our communities will make this vision a
reality."
"It has been exciting to watch CPower's evolution over the
years. The company has continued to build out its extensive
customer portfolio in 2021, while enhancing its technology
platform, delivering more value to energy users and the grid, and
is leaning into the energy future with innovative DER partnerships.
I look forward to seeing what they do next," said Peter Kelly-Detweiler, Co-Founder, NorthBridge
Energy Partners LLC.
About CPower Energy Management
CPower Energy
Management is a leading, national energy solutions provider guiding
customers towards a clean and dependable energy future. We manage
more than 4.5 GW of customer capacity across North America, 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 50 local energy programs, partnering with grid operators and
utilities to serve more than 11,000 sites, delivering approximately
7,000 metric tons of CO2 reductions in 2020 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.
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SOURCE CPower Energy Management