Affiliate Of Retail Supplier Sells Utility Solutions Division

ENGIE Insight (formerly Ecova) today announced it has reached an agreement to sell its utility solutions division to CLEAResult.

ENGIE Insight’s utility solutions business unit delivers demand-side management programs for residential and commercial customers across more than 50 utility clients.

"The divestment is the first step towards an accelerated focus on the company’s core capabilities of delivering data-driven insights that help multi-site businesses achieve results while reducing their resource consumption -- including energy, water, waste and telecommunications," ENGIE Insight said

ENGIE Insight will reinvest proceeds from this transaction to support the company’s growth and capabilities in technology-enabled managed and advisory services for multi-site business customers. ENGIE Insight will continue to work with utilities and energy suppliers across North America and globally in the context of its expense data management and energy supply management solutions, the company said

"ENGIE Insight made the strategic decision to sell our utility business as we focus on our unique strengths in complex resource data management and advisory services to reduce costs and resource consumption for our clients," said Mathias Lelievre, president and chief executive officer at ENGIE Insight.

CLEAResult is a provider of energy efficiency programs and services to utilities and businesses