From mboxrd@z Thu Jan 1 00:00:00 1970 X-Msuck: nntp://news.gmane.io/gmane.comp.tex.context/35273 Path: news.gmane.org!not-for-mail From: "Hamid Kamrani" Newsgroups: gmane.comp.tex.context Subject: Re: Powerit Holdings, Inc., The Leader in Energy-Demand Management Systems, Completes Series A Financing Round - Joe Merlo Date: Tue, 3 Jul 2007 15:29:06 -0400 Message-ID: References: <19de303e0707031214n228e697bu13aad95cbd4ad428@mail.gmail.com> Reply-To: mailing list for ConTeXt users NNTP-Posting-Host: lo.gmane.org Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit X-Trace: sea.gmane.org 1183490975 28727 80.91.229.12 (3 Jul 2007 19:29:35 GMT) X-Complaints-To: usenet@sea.gmane.org NNTP-Posting-Date: Tue, 3 Jul 2007 19:29:35 +0000 (UTC) To: "mailing list for ConTeXt users" Original-X-From: ntg-context-bounces@ntg.nl Tue Jul 03 21:29:34 2007 connect(): Connection refused Return-path: Envelope-to: gctc-ntg-context-518@m.gmane.org Original-Received: from ronja.vet.uu.nl ([131.211.172.88] helo=ronja.ntg.nl) by lo.gmane.org with esmtp (Exim 4.50) id 1I5o45-0002eN-OA for gctc-ntg-context-518@m.gmane.org; Tue, 03 Jul 2007 21:29:33 +0200 Original-Received: from localhost (localhost [127.0.0.1]) by ronja.ntg.nl (Postfix) with ESMTP id 3E85020127; Tue, 3 Jul 2007 21:29:33 +0200 (CEST) Original-Received: from ronja.ntg.nl ([127.0.0.1]) by localhost (smtp.ntg.nl [127.0.0.1]) (amavisd-new, port 10024) with LMTP id 22518-02; Tue, 3 Jul 2007 21:29:21 +0200 (CEST) Original-Received: from ronja.vet.uu.nl (localhost [127.0.0.1]) by ronja.ntg.nl (Postfix) with ESMTP id DC6A020120; Tue, 3 Jul 2007 21:29:20 +0200 (CEST) Original-Received: from localhost (localhost [127.0.0.1]) by ronja.ntg.nl (Postfix) with ESMTP id DA3EF20120 for ; Tue, 3 Jul 2007 21:29:17 +0200 (CEST) Original-Received: from ronja.ntg.nl ([127.0.0.1]) by localhost (smtp.ntg.nl [127.0.0.1]) (amavisd-new, port 10024) with LMTP id 22612-05-7 for ; Tue, 3 Jul 2007 21:29:09 +0200 (CEST) Original-Received: from ik-out-1112.google.com (ik-out-1112.google.com [66.249.90.183]) by ronja.ntg.nl (Postfix) with ESMTP id 7F39F2011E for ; Tue, 3 Jul 2007 21:29:09 +0200 (CEST) Original-Received: by ik-out-1112.google.com with SMTP id c29so2096742ika for ; Tue, 03 Jul 2007 12:29:07 -0700 (PDT) Original-Received: by 10.78.142.14 with SMTP id p14mr3756472hud.1183490946532; Tue, 03 Jul 2007 12:29:06 -0700 (PDT) Original-Received: by 10.78.154.11 with HTTP; Tue, 3 Jul 2007 12:29:06 -0700 (PDT) In-Reply-To: <19de303e0707031214n228e697bu13aad95cbd4ad428@mail.gmail.com> Content-Disposition: inline X-Virus-Scanned: amavisd-new at ntg.nl X-BeenThere: ntg-context@ntg.nl X-Mailman-Version: 2.1.9 Precedence: list List-Id: mailing list for ConTeXt users List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , Original-Sender: ntg-context-bounces@ntg.nl Errors-To: ntg-context-bounces@ntg.nl X-Virus-Scanned: amavisd-new at ntg.nl Xref: news.gmane.org gmane.comp.tex.context:35273 Archived-At: What does this have to do with ConTeXt? Is this Spam mail? On 7/3/07, paul.kholer paul.kholer 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! 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 ___________________________________________________________________________________