Rite Aid Taps Ecova for Energy Management
The Ecova system will provide Rite Aid with rate monitoring and optimization aimed at ensuring that the company is paying the lowest energy cost available across hundreds of utility territories. Using site energy consumption data and proprietary utility tariff models, the system can evaluate and recommend optimum energy rate options as well as energy-related tax alternatives, Ecova says.
Ecova will provide the drugstore chain with aggregated billing information and energy use data through a dashboard system.
The energy management company says it has a client list 600-strong, and currently works with 40 percent of North America’s large retailers.
In November, Ecova announced it that it was to buy enterprise energy management firm Prenova. Ecova said that it planned to be the sole funder of the purchase, which should be neutral to its 2012 earnings. The transaction should close by the end of this year.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Tesla Becoming a Major Player in the Energy Storage Market
- Federal Agencies Must Use eProject Builder for All ESPC Projects
- Refrigeration Battery Works as Energy Storage
- 400 kW Fuel Cell System Powers Comcast Facility
- City Picks UtilityTRX for Utility Bill Management
- FridgeWize Unveils HVAC EC Motors
- Aztec AMC Modular HVAC system Reduces Data Center Cooling Costs
- Verismic Does Remote PC Power Management