News Feed Item
CORRECTING and REPLACING eCurv Inc. raises $2.5 Million in Series A funding round to reduce electricity costs for commercial customers
|By Business Wire
|June 24, 2014 02:28 PM EDT
Headline of release should read: eCurv Inc. raises $2.5 Million in
Series A funding round to reduce electricity costs for commercial
customers (instead of Led by Constellation, eCurv Inc. raises
$2.5 Million in Series A funding round to reduce electricity costs for
The corrected release reads:
ECURV INC. RAISES $2.5 MILLION IN SERIES A FUNDING ROUND TO REDUCE
ELECTRICITY COSTS FOR COMMERCIAL CUSTOMERS
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
“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
“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
“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
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
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.
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,
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
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Aug. 24, 2016 09:45 AM EDT Reads: 2,233
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 24, 2016 09:45 AM EDT Reads: 408
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better.
The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 24, 2016 09:36 AM EDT
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 24, 2016 09:00 AM EDT Reads: 3,489
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 24, 2016 08:59 AM EDT Reads: 183
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 24, 2016 08:00 AM EDT Reads: 3,807
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 24, 2016 08:00 AM EDT Reads: 1,808
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 24, 2016 07:45 AM EDT Reads: 2,049
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 24, 2016 07:15 AM EDT Reads: 1,646
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications.
Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 24, 2016 07:15 AM EDT Reads: 1,779
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 24, 2016 07:00 AM EDT Reads: 1,728
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 05:00 AM EDT Reads: 2,056
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office.
Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aug. 24, 2016 04:30 AM EDT Reads: 2,164
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 24, 2016 03:30 AM EDT Reads: 2,908
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Aug. 24, 2016 02:00 AM EDT Reads: 1,395