What does this have to do with ConTeXt? Is this Spam mail? On 7/3/07, paul.kholer paul.kholer <[EMAIL PROTECTED]> wrote: > > Joe Merlo > > > > Powerit Holdings, Inc. the leading provider of intelligent, automated demand > control & demand response systems for industrial and commercial buildings, > today announced the successful completion of the company's "Series A" round > of venture financing. > > Led by @Ventures with a $3.0 million investment, the $7.1 million round also > included co-investor Expansion Capital Partners with $3.0 million and the > balance from existing investors including Stellar Holdings and Company > management. > > "This funding from @Ventures and Expansion Capital Partners, two recognized > leaders in clean technology venture capital, will allow us to accelerate our > growth and product offerings to meet the demands of a growing number of > industrial and utility customers who need proven demand response and demand > control energy management solutions to better control rising energy costs," > said Claes Olsson, CEO of Powerit Holdings. > > Powerit Solutions is especially well-poised to support the growth of demand > response services to the electric utility industry. Their primary product > solution, the Energy Director, is based on the principal that the best, > cleanest and most cost-efficient way to obtain needed power during times of > peak usage is to leverage the hidden inefficiencies that cause high peak > demand. The Energy Director system automatically predicts, regulates, and > reduces demand by carefully lowering the consumption from selected loads > with precisely-timed curtailment actions and manages these actions in a way > that it limits any impact to productivity or building comfort. As such, it > is a system that is distinctively tailored to enable industrial & commercial > users to meet challenging power savings goals and has been approved for > demand response (DR) incentive programs by public utilities which have > strong interest in finding reliable cost-saving and demand-savvy solutions > for those challenging sectors. > > According to Olsson, sixty percent of all energy in the domestic U.S. market > is consumed by commercial and industrial buildings. "Powerit systems reduce > demand charges on an ongoing basis between 10- and 40-percent and can allow > those previously savings-challenged industrial manufacturing companies to > participate in demand response programs," he said. "Do the math. The > financial benefits, measured by dramatically reduced demand charges and the > opportunity to participate in DR programs, are substantial, often creating a > project payback in the range of 1 to 18 months, - not to mention the > benefits to local energy utilities struggling to keep power to their > customers during peak usage periods." > > As part of the financing, Marc Poirier, Managing Director, @Ventures and > Bernardo Llovera, General Partner, Expansion Capital Partners will take > seats on Powerit's Board of Directors. > > "Powerit's technologies are uniquely-suited to meet the demanding needs of > large industrial electricity users," said Marc Poirier. "By deploying > fully-automated intelligent systems to help companies reduce their energy > bills without hindering productivity, Powerit delivers strong economic value > to its customers. And by helping utilities manage their peak-demand periods > without increasing internal capacity, Powerit helps address the increasing > demand for electricity while minimizing carbon emissions and other > environmental impacts associated with power generation," added Poirier. > > "The combination of Powerit's exceptional energy management and demand > response solutions, and its proven leadership in high technology innovation, > are strong indicators that the company will continue to excel," said > Bernardo Llovera. "We are impressed with Claes Olsson's track record of > driving growth in companies like Powerit." > > Evolution Capital Advisors, a boutique investment bank serving > entrepreneurial stage companies in energy, information, communications, and > media technology markets, served as advisor to Powerit on the transaction. > > About Powerit Holdings, Inc. > Powerit Holdings, Inc. (Powerit) is a global leader in intelligent, > energy-demand management. Through its wholly owned companies, Powerit > Solutions in the U.S. and Diana Control in Europe, Powerit helps > organizations manage and reduce peak energy demand - saving money and > conserving energy without compromising production and processing operations > or building comfort factors. The company has hundreds of installed systems > globally, many in industrial sectors that have high-energy demand, including > mechanical fabrication and manufacturing, agriculture and food products, > petroleum and petrochemicals, forest products, and primary metals > fabrication, as well as in commercial and recreational facilities. > > > About Expansion Capital Partners, LLC: > Founded in 2002, Expansion Capital invests venture capital exclusively into > expansion-stage, Clean Technology enterprises. The firm targets companies > that offer dramatic improvements in resource efficiency and productivity, > while creating more economic value with less energy and materials, or less > waste and toxicity. Clean Technology Fund II, LP, invests in US and Canadian > enterprises with current customer revenues of $2-30 million, combined with > solid prospects of attaining $30-$100 million of revenues within 3-5 years. > The fund makes initial investments of $3 million to $7 million, with its > three Partners taking active, value-add board roles. Expansion Capital has > offices in San Francisco and New York. > > About Stellar Holdings, Inc.: > Stellar Holdings is a private international real estate investment and > development firm headquartered in Seattle. Founded in 1989, Stellar has seen > exceptional growth and currently owns and manages a significant portfolio > while engaging in development projects in the Pacific Northwest, Sweden and > Poland. > > > > > > > > > > > > http://www.energyautomation.com/ > ___________________________________________________________________________________ > If your question is of interest to others as well, please add an entry to > the Wiki! > > maillist : ntg-context@ntg.nl / > http://www.ntg.nl/mailman/listinfo/ntg-context > webpage : http://www.pragma-ade.nl / http://tex.aanhet.net > archive : https://foundry.supelec.fr/projects/contextrev/ > wiki : http://contextgarden.net > ___________________________________________________________________________________ > > ___________________________________________________________________________________ If your question is of interest to others as well, please add an entry to the Wiki!
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