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Constellation Unit Said to Be Investor in Company Developing Service to 'Queue' Electric Loads to Reduce Demand Charges
eCurv, Inc., which describes itself as a privately held technology firm rolling out a patented means to reduce electricity charges for commercial customers, said that 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 said that its 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.
An eCurv news release quoted Michael Smith, Constellation vice president and head of Constellation Technology Ventures, as stating, "eCurv's innovation has the potential to transform how electric loads interact with energy supply for a wide variety of demand management applications."
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June 24, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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