EATONTOWN, N.J.--(BUSINESS WIRE)--IPKeys, announced today its formal entry into the Energy Demand Aggregation Market with the establishment of the wholly owned subsidiary, IPKeys Power Partners, and the consummation of the acquisition of U.S.-based North America Power Partners (NAPP). The acquisition will enable the deployment of IPKeys’ advanced energy technology solutions to a broad range of utility customers. IPKeys Power Partners was also accepted as a member of PJM Interconnection, assuming NAPP’s procured capacity in PJM and NAPP’s demand response (DR) contracts in Southern California Edison and Pacific Gas and Electric territories.
“We are delighted to join forces with Laurie Wiegand-Jackson’s NAPP organization,” said Robert Nawy, Managing Director & CFO, IPKeys. Mr. Nawy continued, “The coming together of our organizations will ultimately benefit consumers with greater choice and economic incentives for wise energy consumption and efficiency by providing consumers with access to the Energy Interop Server and System (EISS™) technologies we have been developing for the past five years for suppliers and manufacturers.”
Laurie Wiegand-Jackson noted, “We are pleased to be joining the IPKeys organization. By combining the market operations and DR expertise of NAPP with the advanced technology and development capabilities of IPKeys, we are positioned to be a significant contributor to the multi billion-dollar Smart Grid market. This acquisition provides greater value to our customers while addressing the need for improved flexibility, speed and reliability of demand management for utilities and power grid operators.”
About IPKeys and IPKeys Power Partners
IPKeys Technologies, LLC is an emerging strategic partner in the energy, DoD, and commercial sectors, delivering expertise in the definition, development, integration, and deployment of Internet Protocol (“IP”) standards based technology and communications systems. IPKeys provides the standards based energy interoperations software, network communications engineering and enterprise security solutions that enable energy providers and their customers to achieve the promise of a more reliable, safer and more economically beneficial Smart Grid.
IPKeys Power Partners, LLC is a leading provider of Demand Response resources across the United States. We enable our customers to participate in a range of programs including Capacity, Reserves and Energy. Our DR solutions include advanced metering with web-based reporting tools for all our customers. IPKeys Power Partners provides engineering audits, automation, and controls for customers who want to automate their demand response.
© 2014 IPKeys Technologies, LLC