release: 22 September 2006
Tersus Energy PLC’s Envinta Subsidiary
announces 3 major contract awards
Tersus Energy PLC, the AiM-listed
renewable energy and energy efficiency investment company,
('the Company' or Tersus Energy') announced today it
that its wholly owned subsidiary, Envinta Corp., a U.S.
based energy information management services company
has recently received 3 major contract awards as part
of California’s recently increased energy conservation
and demand response initiatives.
Envinta Corp. was acquired by Tersus
Energy for $2.1million in May 2006. Sales at Evinta
Corp. in the year to March 31 2006 were $1.0million.
The sales value of these three new contracts is $1.8million
over a two year period.
The first contract is with Southern
California Edison (“SCE”) for design and
implementation of the “Sustainable Energy Efficiency
Development” (SEED) customer program using Envinta’s
One-2-Five™ software based solutions. The other
two contracts were received from San Diego Gas &
Electric (“SDG&E®”). One SDG&E
contract will provide Envinta software and solutions
for SDG&E’s Industrial Energy Efficiency Acceleration
(IEEA) program and the other SDGE contract will provide
Envinta software and solutions for SDG&E’s
Business Energy Assessment (BEA) customer program. All
three contracts have the approval of the California
Public Utility Commission (CPUC). All three of these
contracted programs will be used by these regulated
utilities to develop, enhance, and implement strategic,
customer centric energy management programs within their
respective regulated customer service territories.
The above-mentioned programs are administered
by Envita under a contract awarded by San Diego Gas
& Electric Company (SDG&E®) and Southern
California Edison (SCE) respectively. These programs
are funded by California utility customers under the
auspices of the California Public Utilities Commission.
California customers are not obligated to purchase any
services funded by this program. The trademarks used
herein are the property of their respective owners.
Tersus’ Envinta Corp. develops,
sells and implements information systems and solutions
supporting energy efficiency, demand response, and energy,
environment and water management to large commercial,
industrial, institutional, utility and government clients
throughout North America and Europe.
Steven Levine, Chief Executive
'The award of these three contracts
to Envinta provides significant and profitable growth
and validates our strategy for Tersus Energy Controls,
one of our three businesses, of investing into proven
energy technology companies with earnings and strong
growth potential. The recent heat waves in North America
and Europe, combined with record electric grid loads
reinforces the need for utility lead conservation and
demand response programs, and we are delighted that
our utility customers in California are taking these
The company continues to make progress in relation to
its investment and operating program. An announcement,
including results for the half year to June, 2006, is
For further information please contact:
Tersus Energy PLC
+001 978 635 0997 (office)
+001 617 449 8908 (mobile)
+001 253 830 1577 (fax)
Nick Fox/Harriet Totty
Tel: +44 207 153 1540
Mob: +44 7711 727 618
Notes to Editors:
About Tersus Energy Plc (www.tersusenergy.com)
Tersus Energy, which floated on AIM
in February 2005, is building three operating businesses
focused upon what it believes are the most attractive
and significant areas of the renewable and alternative
energy sector: Tersus Asian Renewables, Tersus BioEnergy
and Tersus Energy Controls:
- Tersus Asian Renewables (TAR).
Formed to exploit the demand for renewable energy
in Asia, TAR is focusing on wind, biomass and clean
coal, principally in China and India. It is acquiring
interests in businesses well placed to benefit from
growth in Asian renewable generation and developing,
investing into and operating a portfolio of renewable
energy assets with chosen joint venture partners.
- Tersus BioEnergy (TBE). Formed
to exploit the accelerating demand for alternative
fuel based supplies of energy, TBE is focusing on
biofuels (bioethanol and biodiesel) and electricity
produced from forest, agricultural, municipal and
industrial waste. It is developing, investing into
and operating a portfolio of bioenergy assets with
chosen joint venture partners.
- Tersus Energy Controls (TEC).
Formed to exploit the opportunity presented by the
increasing focus on energy efficiency and management
of electricity consumption, TEC is focused upon efficiency
applications for mobile (eg. hybrid and electric vehicles,
automatic guided vehicles, fork lift trucks) and stationary
(eg. building controls, energy management information)
end users. TEC intends to develop these opportunities
through continuing organic growth and acquisition.
Tersus Energy also maintains a strategic
and financial advisory service business, primarily targeting
established and emerging energy companies based principally
in Europe and North America.