Energy Services Group (ESG) Continues Momentum Following a Strong Year of Growth in 2017

NORWELL, Mass.–(BUSINESS WIRE)–ESG,
the retail energy industry’s leading provider of SaaS solutions for
empowering energy choice globally, today announced that the company is
on track for another year of major client and revenue growth in 2018.
Experiencing tremendous expansion over the past two years, the Company
has shown its ability to apply its scale and skills to offer Retail
Energy Suppliers, Wholesalers and Utilities the software they need to
continue to advance their operational capabilities while reducing
customer churn and accelerating new customer acquisition.

The Company highlighted a number of noteworthy advancements contributing
to the ongoing success. ESG’s focus has been to enhance its support for
Retail Energy Suppliers providing new SaaS capabilities and offering
single-source solutions for entry into global markets. “2017 was an
investment year for ESG, with three acquisitions
and the launch of several new products including Data
Visualization, uSmart
Smart Meter, and ESG’s Sales
Management and Pricing solution. Several of our initiatives and
investments are coming together and are fueling our strong growth. We
are seeing a significant increase in the number of meters we support
globally as well as an influx of new logo clients across all of our
major markets. Continuing our momentum from year end, ESG remains
resolute in our market expansion, product innovation, and customer
experience initiatives, with an emphasis on helping Retail Energy
Providers achieve consistent growth, success and profitability with
their energy consumers,” said Phil Galati, CEO, ESG.

ESG has made several strategic hires in Q1 in North America, the United
Kingdom and Japan to keep pace with customer demand. To support business
growth, ESG moved into new office space in Japan
in the Otemachi district of Tokyo. In addition, ESG has secured its
first pipeline
and storage customer in Canada. This is coming off of a year that
added over 40 new customers across all of its geographies.

In support of its global expansion, ESG participated in the Energy
Marketing Conference in Houston earlier this month where the company
presented on “Insights into the Global Competitive Energy Market and How
to Differentiate and Innovate”. This is a theme that will carry over
into the Innovation Hour at the DNV-GL 2018 Energy Executive Forum in
May where ESG is a Forum Sponsor.

About ESG:

ESG is the leading global provider of SaaS based software solutions to
the retail energy industry and offers a comprehensive suite of products
including transaction
management (EDI), billing
and CIS, wholesale
energy services, and sales
and pricing.

ESGʼs superior technology and experienced operations staff have helped
clients achieve consistent growth and profitability. In addition, ESG
has launched industry leading solutions in Europe for Smart-meter as
well as data visualization and analytics. ESG delivers solutions that
ensure rapid market entry, reduce regulatory and operational risks,
improve overall business performance, and deliver superior financial
results. ESGʼs 300 plus retail supplier clients support over 15 million
residential, commercial and industrial customers in production behind
over 250 electric and gas utilities in the US, Canada, Mexico, UK,
Australia and Japan. For more information, please visit: https://www.energyservicesgroup.net

Contacts

ESG
Carla Roddy, 781-261-5846
Marketing Director
[email protected]