Strategic Acquisition Expands Energy Transformation Platform with E-Commerce Capabilities
SAN FRANCISCO, CALIFORNIA, December 22, 2022 –
Resource Innovations (RI), a woman-led clean energy transformation firm, today announced its acquisition of Connecticut-based e-commerce and customer engagement company TechniArt. The organizations will together offer a more comprehensive, integrated approach to guiding the utility industry through the clean energy transition with scale and impact.
This targeted acquisition advances Resource Innovations’ strategic plan to rapidly scale clean energy solutions for the utility industry. The company’s growth initiatives include the expansion of its energy efficiency work into new markets and regions, as well as investment in new business channels, such as building electrification, electric vehicles, and modernization of the electric transmission grid.
“We’re thrilled to welcome TechniArt, an organization that shares our commitment to exceeding client expectations and accelerating the transition to sustainable energy,” said Lauren Casentini, RI CEO. “TechniArt’s innovative customer engagement platforms integrate seamlessly with our demand side management and software solutions while enhancing our growing decarbonization strategies.”
In keeping with RI’s proven history of thoughtful growth, the acquisition expands the company’s reach in key practice areas and creates a robust digital experience for consumers. This enables utility energy efficiency programs to improve reach, engagement, and efficient product adoption, while tracking, optimizing, and evaluating impact.
“Joining Resource Innovations expands our reach and resources, providing a more streamlined offering to help utilities reach their energy savings targets,” said Adam Tardif, TechniArt’s long-time president and RI’s new senior vice president of RI’s e-commerce practice.
With TechniArt under RI’s portfolio, utility clients can easily turn on e-commerce and customer engagement platforms to drive adoption of demand-response enabled equipment, such as thermostats, water heaters, and appliances. In addition to expanding on RI’s core energy efficiency solutions, TechniArt offers market-ready decarbonization and beneficial electrification initiatives that will provide clients and collaborators with immediate value and pathways for program success.
ABOUT RESOURCE INNOVATIONS
Resource Innovations is a nimble yet powerful organization offering software-enabled clean energy services for utilities as well as commercial, industrial, and residential energy consumers. Building on their 20-year history, their experts design and implement leading-edge solutions to support the rapidly changing industry through the clean energy transition. Resource Innovations is a women-led portfolio company of BV Investment Partners, one of the oldest and most experienced sector-focused private equity firms in North America. The company’s majority-women board of directors shares Resource Innovations’ commitment to accelerating energy innovation and making clean and sustainable energy more available, accessible, and affordable.