ENGIE Insight, Formerly Ecova, Announces Strategic Divestiture of Utility Solutions Division

Sale to CLEAResult enables stronger focus on sustainable resource
management business solutions and services

SPOKANE, Wash.–(BUSINESS WIRE)–#energyefficiency—ENGIE
Insight (formerly Ecova), a leading energy and sustainability
management company, today announced it has reached an agreement to sell
its utility solutions division to CLEAResult. The divestment is the
first step towards an accelerated focus on the company’s core
capabilities of delivering data-driven insights that help multi-site
businesses achieve results while reducing their resource consumption —
including energy, water, waste and telecommunications.

The transaction is expected to close in Q1 2018.

ENGIE Insight’s utility solutions business unit delivers demand-side
management programs for residential and commercial customers across more
than 50 utility clients. The portfolio will complement CLEAResult’s
comprehensive energy programs and demand-side management capabilities.

ENGIE Insight will reinvest proceeds from this transaction to support
the company’s growth and capabilities in technology-enabled managed and
advisory services for multi-site business customers. ENGIE Insight will
continue to work with utilities and energy suppliers across North
America and globally in the context of its expense data management and
energy supply management solutions.

“ENGIE Insight made the strategic decision to sell our utility business
as we focus on our unique strengths in complex resource data management
and advisory services to reduce costs and resource consumption for our
clients,” said Mathias Lelievre, president and chief executive officer
at ENGIE Insight. “We are deeply grateful for the talent and innovations
our utility business has developed within ENGIE Insight, and we know
they will continue to flourish under CLEAResult, whose sole focus is on
developing and delivering innovative utility programs.”

On January 22, ENGIE Insight, previously known as Ecova, unveiled
a new name and brand for its go-forward organization. In addition to
representing the company’s singular focus on its core capabilities, the
new ENGIE Insight brand also represents a broad alignment of mission and
vision with ENGIE. Since ENGIE acquired Ecova in 2014, the two companies
have helped customers architect a new energy future by navigating three
broad market forces: digitization, decentralization and decarbonization.
ENGIE Insight is accelerating momentum and awareness around this shared
mission.

ABOUT ENGIE Insight Services Inc.

ENGIE Insight (formerly Ecova) partners with multi-site businesses that
aim to thrive in a sustainable world. With accurate and comprehensive
resource data — including energy, water, waste and telecommunications —
ENGIE Insight applies technology and expertise to lower costs, drive
efficiencies, and reduce environmental impact. Leading customers,
including more than 25 percent of the Fortune 500, turn to ENGIE Insight
to drive their sustainable resource management initiatives forward. For
more information, please visit engieinsight.com.

ABOUT CLEAResult

CLEAResult is the largest provider of energy efficiency programs and
services in North America. Through proven strategies tailored to
clients’ unique needs and market dynamics, the combined strength of
experienced energy experts and technology-enabled service offerings help
CLEAResult change the way people use energy for hundreds of utility and
business partners. Founded in 2003, CLEAResult is headquartered in
Austin, Texas, and has close to 3,000 employees in more than 70 cities
across the U.S. and Canada. CLEAResult is a portfolio company of General
Atlantic, a leading global growth equity firm. For more information,
visit clearesult.com.

Contacts

InkHouse
Rachael Tucker, 508-280-4846
[email protected]