VALHALLA, N.Y.–(BUSINESS WIRE)–Oct 1, 2018–Consolidated Edison Solutions, Inc., a Con Edison Clean Activity Businesses, Inc. subsidiary, and Johnson Controls today appear a collective adventure to aggrandize the bazaar for the activity accumulator technology developed over the aftermost several years by Johnson Controls. Con Edison Solutions will be the majority buyer and operating accomplice of the collective venture, while Johnson Controls will participate as a boyhood buyer and will accord the bookish acreage that it has developed for array administration systems and controls. As allotment of the relationship, Con Edison Solutions has been appointed as the absolute provider of array activity accumulator to barter of Johnson Controls.
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“We are aflame about this new accord with Johnson Controls,” said Mark Noyes, admiral and CEO of Con Edison Clean Activity Businesses, Inc. “Energy accumulator will comedy a growing role in the advancing years and this adjustment is a accustomed fit with our renewable activity and activity administration offerings. We attending advanced to alive with Johnson Controls to aggrandize the bazaar opportunities for this business.”
“We are appreciative of the success we accept congenital with our activity accumulator business over the accomplished bristles years and with this collective adventure we are creating alike added befalling to booty advantage of advance in both the behind-the-meter and front-of-meter market” said George Oliver, administrator and CEO of Johnson Controls.
The array activity accumulator systems developed by Johnson Controls acquiesce for seamless affiliation with architecture systems and apply adaptive algorithms that accommodate for adjustable and customized applications such as aiguille shaving, abundance regulation, appeal management, and affiliation with renewables.
Upon commissioning, the arrangement learns the operating characteristics of the electrical arrangement to which it is affiliated and again optimizes the appliance for best bread-and-er account to the end customer. In accordance with the collective venture, Johnson Controls activity accumulator accumulation advisers will become allotment of Con Edison Clean Activity Businesses able immediately.
Guggenheim Securities, LLC acted as absolute banking adviser to Johnson Controls in affiliation with the transaction.
About Con Edison Solutions
Con Edison Solutions is a arch activity casework aggregation that provides renewable energy, sustainability services, cost-effective activity ability solutions, appeal response, and activity achievement contracting. Con Edison Solutions offers programs and casework advised to advice barter accomplish their alone activity objectives and is accepted as an Activity Casework Provider (ESP) by the National Association of Activity Service Companies (NAESCO).
Con Edison Solutions is a accessory of Con Edison Clean Activity Businesses, Inc., and allotment of the Consolidated Edison, Inc. (NYSE: ED) ancestors of companies. Added advice can be acquired by calling 1-888-210-8899 or visiting the Con Edison Solutions website at www.conedsolutions.com. You can additionally appointment the Consolidated Edison, Inc. website at http://investor.conedison.com for advice on all of the Consolidated Edison companies.
About Johnson Controls
Johnson Controls is a all-around adapted technology and multi automated baton confined a advanced ambit of barter in added than 150 countries. Our 120,000 advisers actualize able buildings, able activity solutions, chip basement and aing bearing busline systems that assignment seamlessly calm to bear on the affiance of acute cities and communities. Our charge to sustainability dates aback to our roots in 1885, with the apparatus of the aboriginal electric allowance thermostat. We are committed to allowance our barter win and creating greater amount for all of our stakeholders through cardinal focus on our barrio and activity advance platforms. For added information, amuse appointment http://www.johnsoncontrols.com or chase us @johnsoncontrols on Twitter.
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Christine Nevin, (914) 286-7094
Samantha Qualls, (212) 402-3493
Fraser Engerman, (414) 524-2733
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Con Edison Solutions
Copyright Business Wire 2018.
PUB: 10/01/2018 10:51 AM/DISC: 10/01/2018 10:51 AM
Copyright Business Wire 2018.
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