FirstEnergy Corp. is a diversified energy company based in Akron, Ohio, specializing in the generation, transmission, and distribution of electricity across the United States. The company operates through regulated distribution and transmission segments, utilizing a diverse mix of energy sources, including coal, nuclear, hydroelectric, natural gas, wind, and solar power. FirstEnergy manages an extensive network of infrastructure, comprising over 24,486 circuit miles of transmission lines and approximately 269,691 miles of distribution lines. It serves around six million customers across multiple states, including Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. Founded in 1996, FirstEnergy aims to be a leading regional energy provider while offering various energy-related products and services to both retail and wholesale customers.
Energy Innovation Center is a non profit organization that provides sustainability, education, and workforce development programs.
UBIZ Venture Capital
Corporate Round in 2022
UBIZ Venture Capital (UVC) is a specially designed platform aimed at providing equal opportunities to small businesses that have been historically underserved or disadvantaged. UVC achieves this by offering comprehensive pre-loan counseling and technical training, which are integral components of its service delivery model. The primary objective of UVC is to empower small businesses with the necessary knowledge and resources to compete and grow in their respective industries while also granting access to capital.
Allegheny Energy
Acquisition in 2011
Allegheny Energy, Inc. owns & operates electric generation facilities & delivers electric services.
HomeServe USA
Acquisition in 2006
HomeServe USA is an independent provider of home repair service plans, headquartered in Norwalk, Connecticut. Established to protect homeowners from the unexpected costs and disruptions associated with water, sewer, electrical, heating, and cooling emergencies, the company offers affordable coverage and dependable service. HomeServe USA serves over 2 million homeowners across the U.S. and Canada, ensuring access to essential repairs through comprehensive plans that cover parts and labor. The company emphasizes customer satisfaction and collaborates with leading utility partners to deliver efficient emergency repair solutions directly to consumers.
Perfect Commerce
Venture Round in 2005
Perfect Commerce provides a SaaS spend management solutions and the open supplier network. The company's solutions include PerfectSource, which creates value from effective supply management; PerfectProcure, which establishes control of the procure-to-pay process; and PerfectShop, which enhances visibility of company-approved goods and services. Perfect Commerce solutions specialize in procurement operations by identifying organizational needs and requirements, as well as capturing and analyzing empirical spend and marketplace data to develop a suite of business solutions tailored to each organization's operating environment. In addition, the company's solutions include Open Supplier Network, a hosted service that connects buyers and suppliers to facilitate B2B transactions; and Commerce One Procurement tool, a behind-the-firewall solution that manages and controls the procurement and purchasing process. It serves chemicals, retail, energy, financial services, health/medical, hospitality, food products, education, manufacturing, technology, and transportation industries.
Powerspan
Venture Round in 2003
Powerspan Corp, originally founded as Zero Emissions Technology in 1994, specializes in multi-pollutant control technology aimed at reducing emissions from coal-fired electric power plants. Recognizing the challenges posed by compliance requirements of the Clean Air Act, Powerspan developed an integrated system that addresses the control of sulfur dioxide, nitrogen oxides, oxidized mercury, and fine particulate matter. This innovative approach allows power plant operators to meet stringent environmental standards while minimizing costs associated with traditional methods, which often require separate installations for each pollutant. By offering a comprehensive solution, Powerspan enables electric power plants to navigate increasingly complex regulatory landscapes efficiently and effectively.
APX
Series C in 2000
APX, Inc. specializes in providing software solutions tailored for the energy and environmental sectors. The company focuses on infrastructure solutions that support renewable energy and greenhouse gas management, including carbon commodities. Key offerings include the APX Environmental Management Account for asset and risk management, APX Registries for renewable energy certificate management across North America, and a platform for tracking greenhouse gas offsets. Additionally, APX provides demand response systems integrated with independent system operators (ISOs) and a suite of tools under APX MarketSuite to facilitate scheduling, operations, and settlement processes for market participants. Their services include real-time agent support, transaction management, resource control for renewable energy sources, and helpdesk assistance. Founded in 1996 and based in San Jose, California, APX has built a reputation for delivering innovative technology and service solutions, leveraging its extensive industry expertise to meet the evolving needs of its clients.
GPU
Acquisition in 2000
GPU, Inc., a public utility holding company, was engaged in providing utility and utility-related services to customers.
Powerspan
Venture Round in 2000
Powerspan Corp, originally founded as Zero Emissions Technology in 1994, specializes in multi-pollutant control technology aimed at reducing emissions from coal-fired electric power plants. Recognizing the challenges posed by compliance requirements of the Clean Air Act, Powerspan developed an integrated system that addresses the control of sulfur dioxide, nitrogen oxides, oxidized mercury, and fine particulate matter. This innovative approach allows power plant operators to meet stringent environmental standards while minimizing costs associated with traditional methods, which often require separate installations for each pollutant. By offering a comprehensive solution, Powerspan enables electric power plants to navigate increasingly complex regulatory landscapes efficiently and effectively.
Marbel Energy Corp.
Acquisition in 1998
Marbel Energy, a closely held natural gas company in Canton, Ohio.
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