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Cpower Announces Close Of Centrica U.S. Demand Response Business Acquisition

PRIVATEOct 06, 2022

Acquiring Company

CPower Energy

Acquired Company

Centrica

BaltimoreWindsorEnergyRenewable EnergyEnergy ManagementEnergy EfficiencyEnergyOil And GasElectric UtilitiesRenewable EnergyEnergy ManagementBiomass Energy

Description

Today, CPower Energy Management ("CPower") announced it has completed the acquisition of the U.S. demand response division of Centrica Business Solutions, ("Centrica"), becoming a national leader in unlocking the value of Distributed Energy Resources (DER) --- now with 6.3 GW of capacity across more than 17,000 sites --- to drive grid balancing and energy flexibility. CPower helps DER owners with flexible capacity across big box retail, commercial real estate, data centers, crypto mining sites, education, healthcare, government, manufacturing and more --- earn revenue for participating in demand response solutions that bolsters the grid.

Quick answer

CPower Energy is acquiring Centrica, announced October 6, 2022. CPower Energy is based in Baltimore, Maryland, United States.

How much did CPower Energy pay for Centrica?
The deal value was not disclosed.
What does CPower Energy do?
CPower Energy is a leading Virtual Power Plant platform, monetizing the value of customer-sited energy to intelligently strengthen the grid.
Where are CPower Energy and Centrica based?
CPower Energy is based in Baltimore, Maryland, United States. Centrica is based in Windsor, Berkshire, United Kingdom.
Who are the decision-makers at CPower Energy?
Fundz holds 1 contact at CPower Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

CPower Energy

Location

Baltimore, Maryland, United States

About

CPower Energy is a leading Virtual Power Plant platform, monetizing the value of customer-sited energy to intelligently strengthen the grid. For over a decade, they've made turning flexible energy into revenue simple for partners and large energy users. CPower has delivered over $1.2 billion from demand response and energy flexibility programs to customers since 2015. With 6.7 GW of customer capacity across more than 23,000 sites, they're empowering energy users across North America.

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Frequently asked

Who acquired Centrica?

Centrica was acquired by CPower Energy, based in Baltimore. The deal was reported on October 6, 2022. CPower Energy is a leading Virtual Power Plant platform, monetizing the value of customer-sited energy to intelligently strengthen the grid. CPower Energy is privately held and operates in Energy.

When did CPower Energy acquire Centrica?

CPower Energy's acquisition of Centrica was reported on October 6, 2022. Today, CPower Energy Management ("CPower") announced it has completed the acquisition of the U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Centrica do?

Centrica is a leading energy services and solutions provider founded on a 200-year heritage of serving people. It is privately held, operating in Energy, and is based in Windsor.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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