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Edison Moves Toward Energy as a Service

Power Magazine logoEdison International, parent company of Southern California Edison (SCE), announced on March 29 that it’s launching a new business unit called Edison Energy that will provide energy consulting services to large energy consumers across the country to help them in identifying and exploiting opportunities to lower energy costs, reduce complexity of energy management, and meet their sustainability objectives.

Energy as a Service: More than Power

Speaking at an event at the University of California, Irvine, Ted Craver, chairman and CEO of Edison International, started by noting that the energy business has changed enormously for large energy consumers such as manufacturers and major service firms. Gone are the days of simply taking power and paying the going rate. Distributed generation and distributed storage have taken on central roles in corporate energy management — especially as a means of reducing energy costs — but that means a new array of challenges that non-energy firms aren’t well positioned to meet.

“Large energy users increasingly need a strategic partner to help them navigate through the diverse energy marketplace,” Craver said. Edison Energy aims to fill that role.

Edison Energy, which will be a separate and distinct business from SCE, is mostly comprised of three energy consulting firms Edison recently acquired: ENERActive Solutions of Asbury Park, N.J.; Delta Energy Services of Dublin, Ohio; and Altenex of Boston. These join SoCore Energy, a Chicago-based solar energy development firm that Edison acquired in 2013.

Rather than providing energy to its clients, Edison Energy will help them identify solutions and design customized systems to meet their needs and goals in the most cost-effective and sustainable fashion, while managing their exposure to energy risks.

Read the full story on the Power Magazine website