SPOKANE, Wash.--(BUSINESS WIRE)--Ecova, a leading energy and sustainability management company, was recognized by Xylem Inc. (NYSE:XYL), a prominent global water technology company, for its outstanding service, support, and performance at its Global Supplier Conference 2017.
To achieve sustainability objectives and reduce costs, Xylem created a cross-functional team of procurement, environment, health and safety (EHS), and operations stakeholders to implement a comprehensive energy management program in 2016. Ecova was selected to drive this program forward and as a result saved Xylem more than $500,000 of annual expenditures by negotiating electricity and gas contracts, locking in low energy rates, optimizing tax exemption status, and identifying demand reduction opportunities in just four months.
Ecova’s continuing work with Xylem will help the company achieve cost improvement, reduce CO2 emissions, manage contract coverage in deregulated markets, and gain full transparency into energy spend.
“Ecova had already exhibited its ability to deliver the highest-class service in North America and Europe,” said Chris Mapes, Vice President Global Procurement at Xylem. “The team’s market intelligence experts designed robust project plans and assumed the role of Xylem’s Energy Management Partner in 2017, improving overall service, yielding impactful savings, and enhancing sustainability performance across our sites.”
Ecova’s global consolidated information platform enables complete spend visibility, which reduces data processing redundancies. Further, Ecova’s engagement with suppliers to reconcile errors and bill payments following a robust invoice auditing process has enabled Xylem’s day-to-day business to become more efficient.
“Ecova understands the demands of managing energy expenditures across more than 50 sites in North America, and has helped Xylem streamline its energy management processes for increased transparency and lower costs,” said Mathias Lelievre, President and Chief Executive Officer at Ecova. “Our team prioritizes customer service, and is excited to grow our relationship with Xylem by leveraging this foundation of energy data to provide insights on how to enhance and drive its sustainability performance in the future.”
Overall, Ecova has helped Xylem make progress in its goals and objectives in 2017 and will continue to provide support moving forward. These goals include the expansion of “Green Electricity” coverage to meet EHS sustainability.
Ecova makes businesses and utilities more successful through energy and sustainability management. Ecova blends data and technology, with people and insight, to drive powerful results for 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 a wholly-owned subsidiary of ENGIE, a worldwide, global energy player. For more information, visit the company’s website www.ecova.com, on LinkedIn, or follow Ecova on Twitter at @EcovaInc.
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 153,090 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, CAC 40 Governance, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Xylem (XYL) is a leading global water technology company committed to developing innovative technology solutions to the world’s water challenges. The Company’s products and services move, treat, analyze, monitor and return water to the environment in public utility, industrial, residential and commercial building services settings. With its October 2016 acquisition of Sensus, Xylem added smart metering, network technologies and advanced data analytics for water, gas and electric utilities to its portfolio of solutions. The combined Company’s nearly 16,000 employees bring broad applications expertise with a strong focus on identifying comprehensive, sustainable solutions. Headquartered in Rye Brook, New York with 2016 revenue of $3.8 billion, Xylem does business in more than 150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all – that which occurs in nature. For more information, please visit us at www.xylem.com.