Power Efficiency Limited, a leading European energy procurement and carbon reduction consultancy, has announced that it has changed its name to Ecova, Inc. Limited and will operate under the management of Ecova, Inc.
Ecova, a U.S.-based energy and sustainability management company and fellow subsidiary company of ENGIE (formerly GDF Suez), provides comprehensive energy and sustainability services that, like Power Efficiency, include energy procurement services, invoice validation, portfolio benchmarking, carbon reporting and carbon policy development, and many other solutions, to multi-site companies.
Both companies were acquired by ENGIE, and because of the similarities in solution offering, coupled with the attractiveness of the European market for investment and growth, ENGIE made the decision to move Power Efficiency under Ecova’s management and brand.
The expansion into the European market increases Ecova’s client base to a market- leading 900 multi-site clients and over 710,000 sites under management in North America and Europe.
“This is a smart management and brand integration for our two companies and I’m excited that Ecova’s first step outside North America has been to add capabilities in Europe, with immediate plans for further expansion,” said Jana Schmidt, Chief Executive Officer for Ecova.
“In this phased roll-out of global capabilities, Ecova is prioritizing markets that provide the greatest business benefits to our clients around cost and risk management.”