News Archive | Prenova, Inc.

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15 Jun, 2010	Survey Shows National Retailers Are Concerned about Energy Efficiency A recent survey conducted by Prenova and Chain Store Age, a leading retail industry trade publication, indicates national retailers are increasingly concerned about energy efficiency and are refocusing efforts to promote cost-saving, sustainable business practices.
27 May, 2010	Prenova's Q1 Results Show Strong Demand for Energy Management Services Prenova delivered quarter-over-quarter recurring revenue growth for the fifteenth straight quarter, while year-over-year revenue was up 26%, and average revenue per customer location increased by over 5%.
18 May, 2010	Prenova Saves Retailers over $100 Million Prenova saved Retailers over $100 million last year. These results were achieved through a combination of services that include Energy Procurement, Utility Management, Remote Monitoring, and Energy Consulting.
04 Mar, 2010	Prenova Patent Makes Buildings More Energy Efficient Prenova has been awarded a patent by the United States Patent and Trademark Office for Asset Performance Optimization, a comprehensive set of processes and technologies designed to improve the energy efficiency of commercial and industrial facilities.
18 Feb, 2010	Prenova Meets Strict Illinois Requirements for Energy Services Providers On January 12th, 2010 Prenova was granted service authority as an energy supply management vendor for third-parties in the State of Illinois under Administrative Code 454.
20 Jan, 2010	Prenova Delivers Record Performance in 2009 Prenova, Inc. today announced results for its fiscal fourth quarter and year end, dated December 31st 2009. Revenue for the year was up over 30% as the company recorded its highest quarterly sales ever.
17 Dec, 2009	Prenova Achieves Carbon Neutral Operations Prenova, Inc., a privately held energy services provider managing over $2 billion in energy spend for dozens of leading brands, today announced it has achieved 100% carbon neutral operations.
04 Nov, 2009	Prenova Continues Impressive Growth Prenova, Inc. today announced results for its fiscal third quarter, ended September 30th, 2009. Following on the heels of last quarter’s record sales, the company again recorded the highest quarterly sales in its history, delivering quarter-over-quarter recurring revenue growth for the thirteenth consecutive quarter. Revenue for Q3 2009 was up 50% versus the same period in 2008. Prenova also delivered record earnings for the quarter.
08 Sep, 2009	Prenova Saves Major Retailers Over $45 Million in Energy Costs Prenova, Inc. a privately held energy services provider today announced their performance tracking results for the first half of 2009. To date, the company has saved its clients over $45 million in energy-related costs. Savings calculations are based on a number of factors, including weather-adjusted historical energy consumption, avoided service costs, reduction in customers’ utility rates, and the dollar value of billing errors identified.
03 Aug, 2009	Prenova Delivers Impressive Growth in Second Quarter 2009 Prenova, Inc. achieved record financial results for the second quarter of 2009. The company recorded the highest quarterly sales in its history and delivered quarter-over-quarter recurring revenue growth for the twelfth consecutive quarter. EBITDA for the quarter improved 50% over the same period in 2008. For the year, Prenova’s recurring revenue has grown by 40% and backlog has more than doubled.
01 Jul, 2009	Prenova Launches Advanced Energy Efficiency Reporting Solution Prenova, Inc., a privately held energy services provider managing over $2 billion in energy spend for dozens of national brands, today announced the release of Energy Analytics, an advanced energy efficiency reporting solution. The system is currently being used by several Prenova clients and will be steadily rolled out to all customers during the third quarter of 2009. When fully implemented, Energy Analytics will give users an integrated solution for managing both energy supply and energy demand-related information.
22 Jun, 2009	60% of Major Retailers Boost Profits by Going Green Prenova, Inc., a privately held energy services provider managing over $2 billion in energy spend for dozens of national brands, today announced the results of a survey revealing that large retail operations are choosing to decrease energy consumption because they see significant quarterly savings as a result. Performed in conjunction with Chain Store Age, the leading publication serving retail headquarters management, the results of the survey are unequivocal.
29 Apr, 2009	Prenova Records Best Quarter in Company History Prenova, Inc., a privately held energy services provider that manages over $2 billion in energy spend for dozens of national brands, today announced record performance for first-quarter 2009. The company delivered quarter-over-quarter recurring revenue growth for the eleventh straight quarter, while also achieving the highest quarterly sales in its history. Aiding this success was the addition of several new clients during Q1, including Haverty Furniture Companies and DaVita Inc. Prenova’s rising sales and ongoing efficiency efforts combined for a 68% improvement in EBITDA over the same period in 2008.
14 Apr, 2009	Prenova Reveals Top Three Ways U.S. Retailers Overspend on Energy Today, Prenova, a privately held energy services company that manages $2 billion in energy spend for dozens of national brands, reveals the top three ways U.S. retailers are wasting money on energy. Based on operational data from over 9,000 retail locations, Prenova cites that poor monitoring of HVAC, lighting and refrigeration systems are the leading causes of excessive energy use among retailers.
24 Feb, 2009	Prenova Announces 10-20% Energy Savings For Retailers & Restaurants Today Prenova, the 10 year old energy services firm responsible for $2 billion in annual energy purchases, announces that last quarter, retailers, chain stores, and restaurants saved an average of 15% on energy spending thanks to Prenova’s platform. Burger King, Costco, Dollar Tree, and Eddie Bauer are among the national brands that rely on Prenova to help drive higher profitability by sourcing advantageous energy contracts and managing energy usage. The average savings range of 10-20% is based on Prenova operations data across retail and restaurant customer sectors for the quarter ending December 31, 2008.
12 Feb, 2009	Prenova Achieves Rapid Growth in 2008 Prenova, Inc., a leading energy services provider, today announced record growth for fiscal year 2008. Revenue was up almost 50% from the previous year, as the company extended its string of quarter-over-quarter revenue growth to ten consecutive quarters. Demand remained strong for each of the company’s four service lines, which include Energy Procurement, Utility Management, Remote Monitoring, and Energy Consulting. In 2008, the company managed over $2 billion in energy spend on behalf of its clients and reduced clients’ energy consumption by over 900 million kilowatt-hours.
08 Dec, 2008	Prenova, Inc. Posts Record Growth in Third Quarter Prenova, Inc., a leading provider of energy management and sustainability solutions, announced today record performance for third-quarter 2008. The company has delivered quarter-over-quarter recurring revenue growth for nine quarters in a row, a clear sign of continued demand for its energy management and sustainability solutions.
28 Oct, 2008	Prenova Launches Solution to Assist Customers in Maintaining Store Comfort As part of ensuring store comfort and business reliability across a large and dispersed portfolio of stores, retailers have often spent a significant amount of time assessing, creating and implementing business operating parameters to ensure that best practices are maintained across their operation.
30 Sep, 2008	Prenova's Avoided Service Calls Hit a Record High, Yielding Additional Energy-Related Savings for Customers In these days of escalating energy prices, and with no relief in sight, Prenova has been very successful assisting its customers in reducing energy spend across both the supply and demand spectrum.
26 Aug, 2008	Prenova's 2008 Growth Continues to Exceed Expectations Prenova’s Q2 YTD growth in 2008 has been the best in the company’s history. With energy prices continuing to escalate, and the increasing interest in sustainable energy solutions to reduce carbon footprints, Prenova’s suite of enterprise energy management solutions is extremely well positioned to take advantage of the energy challenges faced by its customers.
31 Jul, 2008	Prenova and West Marine Put an Anchor Down to Drive Sustainability Prenova has expanded its relationship with West Marine to jointly investigate ways to further reduce energy consumption and carbon emissions via sustainable reduction initiatives. This joint exploration effort was kicked off at West Marine’s Sustainability Conference that was held earlier this year.
30 Jul, 2008	Prenova's CEO, Michael Nark, Presents at National Green4Retail Conference Prenova was a sponsor and one of the keynote speakers at The Green4Retail conference held last month in Chicago, Illinois.
31 Mar, 2008	Prenova's Growth Exceeds Expectations Prenova’s growth in 2007 and into 2008 has been the best in the company’s history. With energy prices continuing to escalate, and the increasing interest in sustainable energy solutions to reduce carbon footprints, Prenova’ suite of enterprise energy management solution is extremely well positioned to take advantage of the surge in business.
10 Mar, 2008	Prenova Selected as TOP 40 Innovative Georgia Technology Company Prenova has been selected as one of the Top 40 Innovative Technology companies in Georgia by the Technology Association of Georgia (TAG), the state’s leading technology organization.
26 Feb, 2008	Prenova Launches Carbon Footprint Profiling Prenova is pleased to announce that it has launched its carbon footprint tracking tool to supplement its emissions trading capabilities as an Associate Member of the Chicago Climate Exchange. The tool, part of Prenova’s Energy Efficiency Profiling application, enables their customers to establish a baseline of emissions based on their energy usage.
29 Jan, 2008	Prenova Becomes Associate Member of the Chicago Climate Exchange Prenova is pleased to announce that the Chicago Climate Exchange (CCX) has accepted Prenova’s application for Associate Membership. The CCX operates North America’s only, and the world’s first, legally binding, multi-sector greenhouse gas (GHG) registry, reduction and trading system, with offset projects worldwide.
14 Jan, 2008	Eddie Bauer Expands its Commitment to Energy Savings and Prenova's Value Delivery Prenova is pleased to announce that a major retailer and one of its long-standing customers, Eddie Bauer, has not only renewed their service agreement for three additional years but also expanded its scope.
08 Jan, 2008	Prenova Recognized for Innovation in Energy Management Prenova is pleased to announce that it has been selected as one of the most innovative technologies in the Southeast region by the 2008 Southeast Venture Conference (SEVC) and its selection committee of nationally recognized venture capitalists.
30 Nov, 2007	Waterloo Restaurant Ventures to Enjoy Generous Portions of Savings with Prenova's Price Risk Management Solution Prenova announced today that it will provide Price Risk Management to Waterloo Restaurant Ventures, a Vancouver, Washington-based domestic franchise partner of Brinker International that is extending the reach of the Macaroni Grill brand. Based on the success of Prenova’s Price Risk Management program at Brinker International, Waterloo made the decision to select Prenova as its Energy Management Partner.
30 Nov, 2007	The Cleaning Products Company that's Committed to a Cleaner World has Partnered with Prenova for Cleaner Energy Solutions Prenova announced today that it will provide Energy Price and Utility Management across this leading producer of cleaning disinfectant products’ 35 locations in North America. Utility Management solutions include the analysis of utility bill data to uncover economic risks and energy efficiency opportunities.
16 Oct, 2007	Prenova Names Michael Nark President and Chief Executive Officer Prenova today announced that its Board of Directors has named Michael Nark as the Company’s President and Chief Executive Officer effective October 15, 2007.
31 Aug, 2007	Burger King Hungry for Energy Expense Conservation Prenova, Inc., a premier energy efficiency and environmental conservation company, is pleased to announce that Burger King has contracted for Prenova’s Price Risk Management (Energy Supply) Solution. Prenova will provide this energy management solution to nearly 900 corporate owned restaurants under a three year contract.
30 Jul, 2007	Discount Chain Aims for Impressive Energy Savings Prenova, Inc., one of the nation’s largest energy management solutions providers, is pleased to announce that a major discount chain has contracted for Prenova’s Predictive Diagnostics program.
02 Jul, 2007	Clothing Retailer Gets Hip to Energy Management Savings Prenova to Dress Up Prenova announced today that it will provide Utility Management solutions, as well as the management of energy price volatility for a well-known contemporary women’s clothing retailer. These solutions will include Bill Payment, Rate and Tariff Optimization, Price Risk Management and Utility Due Diligence.
30 May, 2007	Prescription for Energy Savings Written for Large, National Drug Store Prenova announced today that it signed an energy management contract with a national pharmacy retail chain for Asset Optimization. Prenova begin its Asset Optimization solution to all retailers stores equipped with energy management systems (EMS).