ConsumerPowerline (http://www.consumerpowerline.com), an energy asset management firm that uses innovative technology to help energy users reduce their consumption while generating millions in new-found revenue for its clients has won the 2006 Deloitte & Touche LLP's "Technology Fast 50" Award in the New York region.
The award recognizes companies in technology, media, telecommunications and life sciences that demonstrate extraordinary revenue growth from 2001-2005. ConsumerPowerline ranked third in the New York region's top fifty list of fastest growing technology companies. The firm has grown dramatically since 2001, with a 1,100% growth rate in the last three years alone.
"The Deloitte Technology Fast 50 award affirms the value proposition of our Web-based 'energy dashboard,' a technology platform that gives customers a scaleable tool for gaining control over their energy consumption, while generating savings and revenue opportunities," said Mike Gordon, president of ConsumerPowerline. "Energy consumption used to be just part of the cost of doing business. Now, by providing users with cutting edge, real-time information about market energy prices, electricity consumption, weather and other key cost drivers, we're changing the financial equation for customer."
ConsumerPowerline earns revenue by working with large energy users to manage their energy assets. The company is a leader in demand response programs, in which customers receive a financial incentive for curtailing a small portion of their energy use during a power-grid crisis. The firm also generates revenue through total energy management, which includes generating energy tax savings opportunities; steam monitoring and management; incentive optimization; and negotiating commodity costs.
"Our mission is to help customers -- often large-scale energy consumers -- pay the least for what they use, get the most for what they buy and earn the most for what they can reduce," said Gordon.
"It's a model that has paid significant dividends for our customers and given us a platform to demonstrate the financial potential of the dynamic energy market place specially when we incorporate innovative technologies, such as our 'energy dashboard.'" he said.
Over the last six years, ConsumerPowerline has grown to more than 30 employees and has paid its clients more than $18 million through energy savings and revenue generating opportunities. Due to its phenomenal growth rate, most of these payments have occurred over the last two years.
The ConsumerPowerline proprietary Web-based energy dashboard currently incorporates the facility's interval electricity consumption data, utility billing information, market energy prices and comprehensive weather data.
To qualify for the Technology Fast 50, companies must have an above average growth rate and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com.
About ConsumerPowerline
ConsumerPowerline (http://www.consumerpowerline.com) is full service strategic energy asset management firm with a proven track record of helping its clients, large energy users, uncover hidden market revenues and cost savings opportunities available with their real estate assets. Currently, CPLN is the largest non-utility provider of demand response services in the U.S.
ConsumerPowerline was recently selected for the Inc 500 list for 2006 as well as being the recipient of the Ernst & Young Entrepreneur of the Year Award for Emerging Business. ConsumerPowerline's client list features notable public and private firms including: CB Richard Ellis, Morgan Stanley, Macy's, Starwood Hotels, Hines Property Management, Forest City Ratner Corporation, Co-op City, Macklowe Properties, RFR Realty, New York Presbyterian Hospital, NYU Medical Center, Newmark Properties, Douglas Elliman Property Management, Cooper Square Realty, Wentworth Management and dozens of other substantial end-users of energy.
About Deloitte
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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