Parent Of Pennsylvania Utility Acquires Energy Efficiency, Custom Energy Solutions Provider
Allows Parent, "To Expand Further Into Energy Efficiency And Sustainability", Growth Into Distributed Generation Cited
June 4, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Duquesne Light Holdings, Inc. (DLH), the parent company of Duquesne Light Company (DLC) and DQE Communications LLC, today announced the acquisition of the majority equity interest of TEN Inc., a provider of customized energy solutions for large businesses, governments, universities and hospital systems that enable those organizations to meet their energy efficiency and sustainability goals.
"The acquisition provides DLH a platform for growth and expansion, with a focus on energy efficiency services, distributed generation projects, and smart street lighting and smart city solutions in Pennsylvania and elsewhere," DLH said
"We recognize the energy demands of business and institutional customers are becoming more complex," said Steve Malnight, President and CEO, DLH and DLC. "The investment in TEN will help us meet these customers' evolving energy needs as well as advance our efforts to create and support a more sustainable energy future for the region and beyond."
"Headquartered in Pittsburgh, TEN has 35 employees who serve a diverse group of customers, with a significant concentration in western and central Pennsylvania. TEN's client list includes Carnegie Museums of Pittsburgh, the University of Pittsburgh, the cities of Cleveland, OH and Portland, ME, in addition to multiple projects for the Commonwealth of Pennsylvania's Energy Savings Program," DLH said
TEN's CEO, Troy Geanopulos, and President and COO, Rob Campbell, will continue to lead the company and report directly to Malnight.
TEN is a provider of customized energy solutions for large businesses, governments, universities and hospital systems with a suite of services including energy efficiency, distributed generation and smart city products