Upcoming Events
National Seminar on Energy Conservation Day,2018
Indian Institute of Social Welfare Business Management,
Argus Americas Crude Summit
Hilton Americas-Houston, 1600 Lamar Street, Houston, 77010, United States,
1/22/19 - 1/24/19
The Energy Expo
Miami Airport Convention Center,
1/23/19 - 1/24/19
Argus Middle East Petroleum Coke 2019
Eastern Mangroves Hotel And Spa by Anantara, Eastern Mangroves, Abu Dhabi, United Arab Emirates,
1/23/19 - 1/24/19
AME Roundup 2019
Vancouver Convention Centre East, 1055 Canada Place, Vancouver, V6C 0C3, Canada,
1/28/19 - 1/31/19
Submit an Event
View All Events

Sain Featured Employer

LS Power to Acquire CPower Energy Management


Follow energycareer on Twitter

Sign-Up for Free Energy, Facility, Power Newsletter (EFPN) newsletter




LS Power, a U.S. power and energy infrastructure owner, announced that it has signed a definitive agreement to acquire Enerwise Global Technologies, Inc. (trade name "CPower") from H.I.G. Capital for a private fund it manages. CPower is a leader in Demand Response and Distributed Energy Resources in North America and will continue to operate as a stand-alone entity under the LS Power umbrella of companies. The transaction is expected to close in December 2018. Financial terms were not disclosed.

Founded in 2014, CPower is a demand-side energy management company that helps organizations save on energy costs, earn revenue through energy curtailment, increase grid reliability and achieve sustainability goals. This acquisition underscores LS Power's ongoing focus on deploying its considerable power market expertise in critical and growing sectors of the market.

"CPower is a well-established leader in demand response and distributed energy resources across all key power markets, with a high- quality customer base and talented, cohesive and dedicated management team," said David Nanus, Co-Head, Private Equity, LS Power. "This acquisition gives LS Power the opportunity to support the continued growth of CPower's unmatched energy management platform through the advancement of its proprietary technology, development of new products and ongoing delivery of superior customer service."

As a result of this transaction, CPower will be positioned to more quickly advance its growth strategies while maintaining its industry leadership position and best-in-class customer service, furthering its customers' ability to monetize new energy technologies across all power markets.

John Horton, CPower's President and CEO stated: "We have placed a tremendous focus on building exceptional technologies while providing an unrivaled customer experience. Those key factors, along with our significant industry expertise, make CPower a valuable and exciting addition to the LS Power portfolio. We look forward to building upon our success and further strengthening our customer and partner relationships as we enter the next phase of our growth with LS Power."

Return Home


Follow energycareer on Twitter