Johnson Controls (Milwaukee, Wis.), a company delivering energy efficiency in buildings, has completed the previously announced acquisition of EnergyConnect Group, Inc., a provider of smart grid demand response services and technologies. The acquisition was completed on July, 1, 2011.
According to a Johnson Controls spokesperson, the acquisition of EnergyConnect was report at $32.3 million dollars.
The acquisition will enable Johnson Controls to help building owners and operators manage how much energy their buildings consume and when the energy is consumed, according to Johnson Controls.
According to Dave Myers, vice president of Johnson Controls and president of the company’s Building Efficiency business, the acquisition of EnergyConnect combines the building of automation systems with a technology platform that will help capture demand response opportunities. Demand response refers to changes in electricity usage for buildings based on capacity, price or reliability signals from the electric grid.
EnergyConnect’s demand response technology provides energy managers and facility operators real-time energy information and access to energy markets, enabling them to manage their energy usage.
Kevin R. Evans, former president and Chief Executive Officer of EnergyConnect will continue to lead the EnergyConnect team as vice president and general manager for Demand Response Services for Johnson Controls Building Efficiency.