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June 26, 2012—Ecova, a total energy and sustainability management company, announced today it has been selected by consumer electronics retailer hhgregg to monitor and lower costs for energy consumption at all of its 210 locations across the Midwestern, Mid-Atlantic and Southeastern regions of the United States.
“Accurate and reliable energy data is critical for identifying operational and cost savings opportunities,” said Jeremy Aguilar, Chief Financial Officer at hhgregg. “Ecova provides the tools to effectively track and monitor energy consumption across all of our stores. Working with Ecova will ensure we are paying the lowest cost available for energy through their energy procurement services. We are excited to consolidate our energy management needs with Ecova.”
Using actual energy consumption data and proprietary utility tariff models, Ecova will evaluate and recommend optimum energy rate options across hhgregg’s utility territories, as well as energy-related tax alternatives to reduce energy costs on an ongoing basis.
“Ecova’s integrated services helps multi-site companies — like hhgregg — understand their energy use and how to leverage data to drive energy savings and improve performance,” said Jeff Heggedahl, CEO of Ecova. “We are excited to add hhgregg to our growing portfolio of clients that includes 24 percent of the Fortune 500.”
Ecova gathers usage and expenditure data to deliver insights that allow clients to increase operational efficiency, reduce costs, and set sustainability performance standards. Working with more than 700 commercial public and private sector clients in North America across more than 500,000 sites, Ecova helps clients see more opportunities, save more money and resources, and ultimately sustain more for their company and the environment.
Ecova is the total energy and sustainability management company whose sole purpose is to see more, save more, and sustain more for its clients, which represent over 24% of the Fortune 500 companies in North America. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations. Ecova is the largest non-regulated subsidiary of Avista Corp (NYSE: AVA and avistacorp.com). For more information, visit the company’s website at ecova.com, on LinkedIn at linkd.in/ecovainc, or follow Ecova on Twitter at @ecovainc.
hhgregg is a specialty retailer of consumer electronics, home appliances, computers, mobile products and related services operating under the name hhgreggTM and Fine LinesTM. hhgregg operates 210 stores in Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.
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