Over $800M in savings identified in 2014 for commercial and industrial clients across North America – adding to results from 2013
Ecova, the total energy and sustainability management company, today announced that it identified over $800 million in savings during 2014 for its commercial and industrial clients through comprehensive resource management programs. This is the second year in a row that Ecova has identified savings of $800 million for its clients, resulting in more than $1.6 billion in identified savings in the last two years.
This significant milestone can be attributed to Ecova’s comprehensive approach to energy and sustainability management enabled by the Ecova Energy and Sustainability Management Platform, which combines data, technology and energy expertise to deliver the insights needed to reduce resource cost and consumption. This approach has been used to create exceptional program strategy and implementation in partnership with the committed energy, sustainability and efficiency professionals at Ecova’s more than 700 commercial and industrial clients.
“Helping our clients save costs, energy and other resources is at the core of everything we do at Ecova,” said Jana Schmidt, president and CEO of Ecova. “Identifying over $1.6 billion in savings in just a two-year timeframe is a testament to our best-in-class employees and the extraordinary work they do every day. We look forward to partnering with our utility and commercial clients in the years ahead to make an even bigger impact on their bottom line and the environment.”
Ecova focuses on identifying savings in numerous resource categories, such as energy, water, waste and telecom. This can mean catching water leaks before they become large financial or regulatory problems, reducing the number of service calls needed to manage equipment at a location, identifying billing errors, optimizing electric and gas rate programs and providing actionable insights to reduce energy and other resource consumption.
“Having been a client for 15 years, Ecova has provided La Quinta Inns & Suites insights that have helped us identify and implement cost savings measures,” said Mike Milburn, director of energy and sustainability at La Quinta. “In 2014, as in previous years, we have been able to achieve cost savings in both our energy and water expenditures.”
These savings figures were identified using the same methodology as the 2013 figures, which were assessed and validated by an independent analyst firm focused on energy, environment and sustainability.