Constellation Energy’s CPower acquisition bulks up its capacity for demand response

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Constellation Energy will buy New York-based CPower, a privately held company that provides energy management and demand response services. The acquisition will boost Constellation’s demand response capacity by about 850 MW to 1,500 MW, according to Zacks Equity Research. Constellation, a Baltimore-based diversified energy services company, said the purchase will allow it to expand into important markets. Terms were not disclosed.

Quick Take: One of the backers of CPower, Mayfield Fund Managing Director Navin Chaddha, told Reuters there were others interested in acquiring CPower and suggested it’s a sign of the times that non-traditional buyers of tech companies are coming into the market. That’s a positive trend, as Chaddha noted, not only for entrepreneurs and VCs, but also for the whole cleantech space of which demand response is an important and growing part.

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