KENNETT SQUARE, Pa., Oct. 4 - Enerwise Global Technologies (http://www.enerwise.com), a leader in energy and energy infrastructure products and services, today announced that the company has completed the acquisition of California-based Clean Power Markets, Inc. The deal allows Enerwise to expand its product offerings and establishes the company as a key player in the renewable energy industry.
Since its founding in 2000, Clean Power Markets, Inc. has provided the infrastructure at the wholesale level for the renewable power market to accurately track and verify green power transactions for compliance with renewable portfolio standards; green (or renewable) energy trades in regulated and deregulated electricity markets; and electricity disclosure requirements by states, regions, or green-e. These offerings complement and extend Enerwise's portfolio of energy management solutions and positions the company to provide additional products and services for a broader set of institutions in addition to commercial and industrial (C&I) customers. Under the terms of the agreement, Clean Power Markets becomes a wholly-owned subsidiary of Enerwise.
"With the addition of Clean Power Markets' capabilities, Enerwise offers the marketplace the strongest and most comprehensive suite of renewable energy products and services available, including the administration and tracking of state and regional renewable portfolio standards," said Dean Musser, president and CEO of Enerwise. "In addition, we will benefit from Clean Power Markets' established presence in key geographic markets including New Jersey, Connecticut, and Wisconsin."