Press Release: Greensense is being acquired by ERM Power

16 Dec 2015 by Peter

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Greensense is today pleased to announce that we have been acquired by ERM Power.

ERM Power is the second largest electricity retailer to commercial and industrial customers across Australia, and also sells electricity in several markets in the United States.

The deal comes on the back of a successful working relationship between the two businesses over the past two years, and will provide a great basis on which to further develop our award winning energy management software platform within the Green Buildings and Utilities sectors.

Greensense Managing Director Fabian Le Gay Brereton said the team was delighted to be joining ERM Power which had an aligned culture of agility and innovation.

“Greensense is a great addition to the ERM Power proposition and together, will lead the way in making energy management solutions a total and accessible package for business and governments,” he said.

“In Australia, buildings account for 40% of primary energy use, 12% of water consumption and up to 40% of CO2 emissions. For most organisations there are significant opportunities for savings which we can now demonstrate on a wide scale.

“Importantly for our existing customers, the Greensense brand and team will continue to grow the Greensense View® software service, working with all of our industry partners in the Green Building and Utility industries.”

ERM Power CEO and Managing Director, Jon Stretch, said bringing Greensense into the ERM Power family was an important step in delivering on the company’s strategy and growth plans.

“At our AGM we laid out our strategy which is focussed on capital efficiency, diversification and growth, and innovative customer solutions. Efficient capital management allows us to invest in next-generation innovation and technology which goes beyond energy supply to smart visualisation of resource consumption,” he said.

“ERM Power provides energy to one in five governments, businesses and industrials in Australia. We have industry-leading customer satisfaction because we’ve delivered technology which gives big energy users easy access to information on their energy consumption, backed by great service.

“Greensense is the next step in providing a real-time, in- depth view on resource consumption, beyond a customer’s ERM Power energy usage, to help our government, commercial and industrial customers better manage energy, water and waste.”

Mr Stretch said the key capabilities of the Greensense platform included acquisition and standardisation of data from a wide range of sources, real-time demand alerting, site usage benchmarking and forecasting.

“This enhances our proposition, supports customer retention and opens new sales and customer base opportunities. It’s a key enabler as energy efficiency technology and products evolve,” he said.

About Greensense

Founded in 2008, Greensense is an award winning technology business focused on improving the sustainability performance of commercial buildings. A leader in the rapidly developing area of cloud-based, big data and analytics, Greensense software is used by some of Australia’s largest organisations across education, utilities, retail, government and commercial property to drive energy and water efficiency, reduce costs and showcase sustainability achievements.

About ERM Power

ERM Power is an Australian energy company operating electricity sales and generation businesses. Trading as ERM Business Energy and founded in 1980, ERM Power has grown to become the second largest electricity retailer to commercial and industrials in Australia with operations in every State and the Australian Capital Territory. ERM Power also sells electricity in several markets in the United States. The Company has equity interests in 497 megawatts of low emission, gas-fired peaking power stations in Western Australia and Queensland, both of which ERM Power operates.

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