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ATLANTA, February 12, 2007 – Prenova announced today that it will provide supply energy management solutions to a top casual dining restaurant company.
Prenova recently completed a three month performance competition with other energy companies, who were all vying for the restaurant’s business. Prenova’s Supply Management deliverables impressed the customer so much that the restaurant company decided to end the trial period early, and they immediately executed a contract with Prenova. While the original scope was for company-owned restaurants only, Prenova has been granted access to the restaurant company’s larger franchise operators who have now agreed to use Prenova’s solutions.
This restaurant company has also expressed keen interest in Prenova’s Bundled Solution for their restaurants. Prenova has recently been awarded a seat on the company’s Energy Board which meets quarterly and is leading the Energy Management project. A site survey of one of the company’s locations has been completed by Prenova and a system specification written by Prenova is being reviewed for action by the Energy Board.
“Prenova’s Bundled Asset Optimization solution incorporates the Asset Optimization solution along with Prenova’s Bundled PivotSM EMS Solution which provides a suitable Energy Management System (EMS) to customers who do not have an EMS system currently in place,” continues Smith. “The Bundled Solution includes installation and warranty repair of the EMS system for the life of the contract. The advantage of the Bundled Solution is that customers can begin receiving savings immediately that are expected to exceed the monthly cost of the Bundled Solution, with no upfront capital or expense required.”
Once the energy management system is set up, Prenova’s Bundled Solution delivers immediate returns. The Asset Optimization solution, as part of the Bundled offering, includes specific tools within Prenova’s set of solutions and processes that identify, analyze, quantify, and assist in the resolution of anomalies and opportunities in the operation of Energy Management Systems (EMS), HVAC equipment, controlled lighting systems, controlled refrigeration and other managed energy-using assets including distributed generation, energy renewables technology and more. These tools include Prenova’s VirtualAuditSM, which operates on a regular basis to find and quantify energy improvement opportunities; and Prenova’s Performance AssuranceSM which operates to resolve and continuously commission these assets, as well as the whole building system in which they operate, to deliver the highest level of reliability in accordance with business requirements at the least cost.
“Operating in this proactive mode allows our customers, or their designated agent, to repair, reset, modify, update or otherwise resolve situations well before the assets fail, which minimizes energy consumption and reduces the assets’ risk of failure and the impaired performance of whole building systems,” said Ed Smith, President and CEO of Prenova.
Prenova’s Price Risk (Supply) Management services began with the development of a Risk Management profile and Risk Management Strategy to guide all procurement decisions. Price Risk Management includes the continuous review of market conditions to assess and determine both the potential near-term and future impact on financial outlooks these market changes create for the customer’s energy supply portfolio in terms of potential savings or risks. Price discovery, and then the setting of a strike price by market, is a critical part of this solution. Prenova then develops plans for managing price and risk, recommends specific actions to the customer, executes the agreed actions, and performs Quality Assurance to ensure that changes are accurately implemented.
About the Casual Dining Restaurant Company
As a leader in the casual dining restaurant industry, this company serves more than 1 million people everyday in one of its four brands. The company has nearly 1,800 restaurants either owned or franchised.
About Prenova
Founded in 1997 and headquartered in Marietta, GA, Prenova’s clean energy management solutions deliver economical, reliable, environmentally friendly energy to match our customers’ needs. Prenova’s unique delivery platform enables the company to leverage existing assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs. The result is an unrivaled level of hard dollar savings plus a sustained reduction in energy consumption and carbon gas emissions, all while improving the reliability of business operations.
Prenova is a premier energy conservator - our solutions maximize energy efficiencies in our customers’ operations. We link our customers’ facilities together with our technology and service solutions enabling customers to do more with less – the ultimate in conservation efforts. Prenova’s focus on optimizing assets and equipment yields a high impact outcome: significant reduction of energy costs, increased reliability of energy-related systems critical to business operations, and a dramatic reduction in harmful emissions. We drive asset efficiency to revolutionize energy conservation.
The value that Prenova creates for its customers is significant to their bottom line, and includes:
- Reduce energy consumption by 10-20%
- Reduce the price paid for energy by 2%-5%
- Reduce unplanned maintenance service call-outs by up to 70%
- Increase asset life by up to 30%
Prenova manages billions in annual energy expenditures across hundreds of thousands of customer locations across North America. Some organizations that rely on Prenova include Brinker, Coldwater Creek, Costco, Crate & Barrel, Dollar Tree, Dunham’s Sports, Eddie Bauer, Famous Footwear, Home Depot, Mark’s Work Wearhouse, Quiznos, Seneca Foods, 24 Hour Fitness, U.S. Cellular and West Marine.
For more information, please visit www.prenova.com. |
Copyright © 2007, Prenova, Inc. All Rights Reserved |