Thinkshift Communications/Pounce PR
A Cleantech Leader
Powerit Solutions plugs energy-intensive businesses into the smart grid. The international cleantech company’s Spara technology is unleashing energy savings and improving environmental performance for leading companies throughout North America and Europe.
With over 2,500 Powerit technology installations worldwide, the Seattle-based company is growing aggressively. In 2010, Powerit made Deloitte’s Technology Fast 500™ list and was a Smart Grid News “company to watch.” In 2009, the company was recognized by the Guardian/Cleantech Group as one of the world’s top 100 private cleantech firms in a peer-reviewed list and won a Connectivity Week Buildy Award for its work with the Demand Response Research Center at Lawrence Berkeley National Laboratory in integrating OpenADR at Amy’s Kitchen of Petaluma, Calif.
Powerit Solutions was formed in the United States in 2002, and six years later the European and U.S. operations merged. That union was finalized in 2010, creating two divisions under the leadership of then CEO (now board chair) Claes Olsson: Powerit Solutions Northern Europe and Powerit Solutions North America. The merger positioned the Swedish division to expand into sectors beyond commercial buildings and bring Powerit’s full family of smart‐grid solutions to energy users in Scandinavia.
Powerit’s current technology is Spara, an integrated hardware and software system with wireless connectivity and a web-based interface. Spara means to save, or conserve, in Swedish—and Powerit’s Spara technology enables users to do that and more. The Spara energy management system acts with intelligence to automatically adjust energy usage sitewide for maximum savings and efficiency, without compromising production, quality, or comfort. Spara anticipates usage spikes and makes precise adjustments to avoid high peak-rate charges. It also responds swiftly to signals from utilities, allowing users to participate in smart grid programs like demand response and real-time pricing.
Capturing the energy efficiency potential of the U.S. industrial sector alone would save $47 billion per year in energy costs, according to a 2009 McKinsey & Company report. The sector accounts for 40 percent of potential U.S. energy savings through user efficiency— the largest single slice.
Powerit serves a mix of industrial and commercial customers including Frito Lay, Gallo, Ikea, Dannon, Kellogg’s, Pacific Steel Castings, and the Stockholm airport. Users span an array of sectors, such as retail, manufacturing, foundries, agricultural, food/beverage, plastics, wood/paper, and printing/publishing.
Many energy-intensive businesses view their energy consumption as an uncontrollable cost, but users of Powerit technology prove that’s not true: customers have reported energy bill savings of up to 33 percent within 18 months of implementing the technology. Visit our Case Studies page for more information.