Pace global energy services partners with ELUTIONS to provide state-of-the-art energy metering and management tools
Alliance Provides Strategic Assessment of Real-Time Data and Forecasting to Save Industrial Energy Users an Average of Ten Percent on Energy Costs
FAIRFAX, Va, November 14, 2001 - Pace Global Energy Services, LLC (Pace Global), a global energy consulting and management service company, and ELUTIONS, Inc., an international energy information solutions company, announced today that they have formed a strategic alliance to offer cost-saving, real-time energy management and metering solutions to industrial energy users worldwide.
This alliance will allow Pace Global to offer clients state-of-the-art energy monitoring and metering products, known as EnControlSM Manager and En Meter, which provide quick and straightforward access to accurately track energy costs and usage data. When united with Pace Global's strategic energy consulting and management services, companies can effectively use the web-based data to implement safeguards and save an average of ten percent on their energy costs.
"The EnControlSM technology brings energy savings directly to the facility and permits us to marry good corporate energy strategy and procurement programs with good manufacturing practices. We at Pace Global are very excited about this product and our clients are as well," said Timothy F. Sutherland, chairman and chief executive officer, Pace Global Energy Services, LLC. "This data will facilitate on-going energy management and business planning activities, such as performance and benchmark reporting, budgets, forecasting, load profiling, and event alarming. Better data will mean better business decisions."
Pace Global Energy Services, LLC also provides fuel and power procurement services to large volume end-users of energy. This breadth of experience and market knowledge can be applied directly to the analysis of data collected by ELUTIONS software to help companies enhance their competitive advantage by reducing costs, mitigating risks, and maximizing profits.
Pace Global's EnControlSM system helped us to secure significant cost reductions for multiple facilities," said Pat Walsh, McDonald's Corporation, in a recent letter to Pace Global. "Your service and your support have exceeded our expectations. Thanks for providing us with the technology and the expertise to help reduce our operating costs."
EnControl is a real-time host of energy data such as energy consumption and spend information that is centrally located for use at the plant, business unit and corporate levels that can be accessed through the Internet. Its turnkey energy information software helps streamline procurement, manage energy initiatives, calculate spending, reduce costs and augment reporting. Key components include: real-time and next-day energy monitoring and reporting, sub-metering capabilities, event alarming, load modification analysis, curtailment modules, distributed generation, energy aggregation, and utility grade billing and settlement, among others.
"When leveraged by Pace Global's energy expertise, this product is unlike any other available on the market today. This solution helps clients realize savings opportunities simply through gathering, consolidating and organizing data that is then used to immediately implement behavioral and operational changes to significantly cut costs," said Mike Powell, president, ELUTIONS. "This powerful partnership also realizes significant savings for companies through effective commodity purchasing agreements, risk management, cost allocation, load shaping and productivity improvements."
About Pace Global Energy Services
Since 1979, Pace Global Energy Services, LLC and its affiliates
have provided independent and objective energy consulting,
procurement and risk management services in more than 40
countries. Headquartered in Fairfax, Virginia, with regional
offices in Houston, Montreal and London, Pace Global Energy
Services, LLC provides expert energy management and consulting
support to energy developers, financial institutions, public
utilities, and industrials. In 1999, Pace Global began a
strategic partnership with Alcoa Inc., one of the world's
largest industrial energy consumers.
For more information, please visit www.paceglobal.com or call 703-818-9100.
