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ATLANTA, September 4, 2006 - Prenova is pleased to announce that a major Canadian retailer that serves every Province in Canada with store sizes ranging from 4,000 to over 15,000 square feet has signed a Bundled Asset OptimizationSM solutions agreement. Stage One of the contract commences immediately with a Proof of Value at four store locations, where Prenova will spec, source, install and manage Prenova’s own PivotSM Energy Management System and associated energy-conversion assets at no charge to the customer to demonstrate asset optimization benefits and the linkage to reduced energy consumption and asset life cycle costs.
This major retailer, which specializes in quality casual and business wear, outdoor apparel for men and women, work wear and safety footwear, has more than 250 locations across Canada. Following the successful completion of Stage One, Stage Two of the Bundled Asset Optimization solution will begin with the deployment of Prenova's solution thru-out the remaining stores.
“Asset Optimization is designed to identify early asset degradation by proactively finding issues, errors, trends, and other information that currently increase energy usage and increase the cost of asset repair, replacement, and service maintenance,” said Ed Smith, CEO of Prenova. “While there are other indirect spend elements of a customer’s Total Cost of Energy Ownership, Prenova’s Asset OptimizationSM solution is geared to predictively manage and optimize asset performance that supports energy operations, resulting in reduced, energy-related costs per square foot.”
With no set-up costs or up front hardware or software, Prenova drives value by significantly reducing operating costs per square foot. Using proven technology, Prenova can reduce unplanned maintenance service call-outs by up to 70%, increase asset life by up to 30% and reduce energy consumption by up to 20%.. Prenova offers a Dual Guarantee—energy savings and improved asset performance or it will refund 100% of the fees paid.
“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 and Proof of Value deliver immediate returns. With the Proof of Value for this customer, Prenova will test a small sample of locations free of charge over a 60-90 day time period. With the Prenova Team, customers agree in advance what the identified success parameters will be, using month-to-month comparative data via historical energy bills to establish a usage baseline. The Asset Optimization Proof of Value findings direct the prioritized severity of issues, recommended adjustments to optimize the energy-based assets and systems, and reduce energy consumption and asset life cycle costs. As well, Prenova can remotely correct the majority of the issues identified without dispatching a technician to the site.
Asset Optimization 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)/ Building Automation Systems (BAS), 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, “ Smith adds.
About the Canadian Clothing Retailer
This clothing retailer has grown to more than 300 stores across Canada. They offer the convenience of a one-stop store by offering quality business wear, casual wear, workwear, outdoor clothes and safety footwear.
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. |
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