Welcome!

News Feed Item

CORRECTING and REPLACING eCurv Inc. raises $2.5 Million in Series A funding round to reduce electricity costs for commercial customers

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 commercial customers).

The corrected release reads:

ECURV INC. RAISES $2.5 MILLION IN SERIES A FUNDING ROUND TO REDUCE ELECTRICITY COSTS FOR COMMERCIAL CUSTOMERS

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.”

About eCurv

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

About Constellation

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

About MassCEC

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

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO 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 t...