|By Business Wire||
|June 24, 2014 11:01 AM EDT||
eCurv, Inc., a privately held technology firm rolling out a patented means to reduce electricity charges for commercial customers, announced today it has closed a $2.5 million Series A round of funding led by Constellation Technology Ventures, the venture capital arm of Exelon Corporation. Other investors include Vodia Ventures and Massachusetts Clean Energy Center. The funding will be used to scale eCurv’s operations and hire new employees.
Modeled after the digital queuing technology that has enabled the IT and mobile telecommunications sectors to profitably scale their service capacity for over 20 years, eCurv’s QPACTM (Queued Power Access) service automatically queues the access of electric loads, such as HVAC systems, electric pumps, motors, battery charging, and heating and refrigeration equipment, avoiding expensive peak demand events.
“eCurv’s new method for electricity distribution reliably reduces utility charges through the digital queuing of electric loads,” said Edison Almeida, president and CEO of eCurv. “eCurv’s QPACTM software service delivers significant reduction in the demand component of our customers’ electricity bill with no modifications to their existing equipment.”
“eCurv offers commercial customers a simple, smart solution for reducing peak electricity demand,” said Michael Smith, Constellation vice president and head of Constellation Technology Ventures. “eCurv’s innovation has the potential to transform how electric loads interact with energy supply for a wide variety of demand management applications.”
Vodia Ventures co-founder and managing director Julianne Zimmerman noted, “eCurv has demonstrated the value of its service to reduce costly electric power demand spikes in real time, complementing existing demand management services operating in hour, 30-minute, 15-minute, and shorter timeframes. eCurv’s QPACTM service addresses a critical unmet need, and benefits both commercial customers and power suppliers alike.”
“eCurv’s cutting-edge technology is truly pioneering a new way to reduce peak demand, creating savings for its customers at the same time it reduces the use of dirty fossil fuels,” said MassCEC CEO Alicia Barton. “This type of revolutionary approach is what Massachusetts clean energy companies do best, and MassCEC is excited to partner with eCurv in this effort.”
eCurv, Inc. is a Cambridge, MA venture founded in 2011. eCurv has introduced a patented method for electricity distribution that reduces utility charges for commercial customers. eCurv’s QPACTM (Queued Power Access) software service is available for immediate delivery, is secure and reliable. eCurv’s QPACTM service seamlessly integrates with building automation systems, electric equipment with networked controls, machine to machine networks, and other emerging technologies to holistically achieve integrated energy efficiency. For more information, visit: http://www.ecurv.com
The Constellation family of retail electricity and natural gas suppliers (www.constellation.com) are subsidiaries of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s retail businesses serve more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly one million residential customers.
Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon has operations and business activities in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).
About Vodia Ventures
Vodia Ventures invests seed capital in companies focused on cracking open “unsolvables” associated with persistently unmet customer demands in energy, water, food security, and public health. Vodia Ventures believes these unsolvables share key structural characteristics which are ripe for technology-enabled innovation and long-term value creation. Vodia Ventures is headquartered in Concord, MA. For more information, visit www.vodiaventures.com
Created by the Green Jobs Act of 2008, the Massachusetts Clean Energy Center (MassCEC) is dedicated to accelerating the success of clean energy technologies, companies and projects in the Commonwealth—while creating high-quality jobs and long-term economic growth for the people of Massachusetts. Since its inception in 2009, MassCEC has helped clean energy companies grow, supported municipal clean energy projects and invested in residential and commercial renewable energy installations creating a robust marketplace for innovative clean technology companies and service providers. For more information, visit www.masscec.com
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 7, 2016 01:30 PM EST Reads: 2,140
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 7, 2016 01:30 PM EST Reads: 328
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 01:24 PM EST
Dec. 7, 2016 12:45 PM EST Reads: 1,069
Dec. 7, 2016 12:35 PM EST Reads: 182
Dec. 7, 2016 12:30 PM EST Reads: 606
Dec. 7, 2016 12:30 PM EST Reads: 713
Dec. 7, 2016 12:30 PM EST Reads: 832
Dec. 7, 2016 12:00 PM EST Reads: 587
Dec. 7, 2016 12:00 PM EST Reads: 1,112
Dec. 7, 2016 11:47 AM EST Reads: 230
Dec. 7, 2016 11:45 AM EST Reads: 1,021
Dec. 7, 2016 11:45 AM EST Reads: 455
Dec. 7, 2016 11:30 AM EST Reads: 649
Dec. 7, 2016 11:15 AM EST Reads: 2,284