CLEAResult Strengthens Utility Demand Management Portfolio with Acquisition of Connected Energy

AUSTIN, Texas--(BUSINESS WIRE)--CLEAResult, the largest provider of energy efficiency, energy transition, and energy sustainability services in North America, has acquired Connected Energy, a technology company providing demand management and distributed energy resource management (DERMS) solutions to electric utilities across the U.S.

Demand management and DERMS have been a growing part of CLEAResult's work with utility clients for years, developed through end-to-end program delivery and partnership execution. Connected Energy's established DERMS platform, hardware-based direct load control technology, and specialized agricultural demand response capability extend that work into commercial, industrial, and agricultural markets — an application where CLEAResult is already a recognized market leader.

"There's real pressure on utilities to manage demand and integrate distributed energy resources, and they need partners who can deliver," said Rich McBee, President and CEO of CLEAResult. "Connected Energy has built technology that complements the capabilities we've already developed and accelerates our ability to support utilities facing those challenges. This acquisition is an investment in technology and expertise our clients need today."

"Joining CLEAResult is the right next step for our team and our technology," said Mark Rupnik, Connected Energy CEO. "We've spent years building solutions that help utilities manage demand and integrate distributed energy resources. CLEAResult gives us the scale and relationships to bring those solutions to more utilities while continuing to do the work we're passionate about. We're looking forward to what we can accomplish together."

Platform capabilities

Connected Energy's DERMS platform delivers event orchestration, event optimization, data visualization, and performance reporting for utility demand management programs. Its hardware-based direct load control solution enables utilities to manage commercial and industrial customer loads directly, including a specialized capability in agricultural demand response.

Years in the making

This acquisition builds on capability CLEAResult has developed over years of utility partnerships and program execution, deepening an established practice rather than charting a new one. As utility needs grow more acute — driven in part by surging data center demand and accelerating distributed energy resource adoption — Connected Energy's proprietary technology and operational expertise deepen what CLEAResult can deliver today.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition, and energy sustainability services in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult is headquartered in Austin, Texas, and has more than 3,000 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by leading U.S. middle market private equity firm Kohlberg. Explore all our energy solutions at clearesult.com.

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About Connected Energy

Connected Energy provides demand management and distributed energy resource management (DERMS) solutions for electric utilities. Its software and services help utilities coordinate distributed energy resources, improve visibility into program performance, and support grid reliability. Founded in 2004, Connected Energy serves utilities across the United States. Learn more at connectedenergy.com.