IGS Energy has acquired Columbus-based JadeTrack, a software provider that helps businesses manage energy usage and improve sustainability program performance.
“This is a huge step forward for us as a green energy supplier,” said Scott White, president and CEO of IGS Energy. “It reinforces our commitment to fighting climate change and paves the way to add more value for our commercial and industrial customers once it’s fully integrated into our offering.”
In August, the Ohio-based energy company announced its goal of becoming a completely carbon-neutral energy provider by 2040. IGS Energy now solely offers 100% renewable electricity and carbon-neutral natural gas to all new residential consumers.
On the commercial side of IGS Energy’s business, adding JadeTrack provides a sustainability-focused software platform for commercial and industrial customers looking to reduce their environmental footprint.
JadeTrack’s software gathers and assesses a business’s energy and sustainability data to help leaders take control of their usage, save money and become more energy efficient.
Integrating JadeTrack’s leading-edge technology into IGS Energy’s commercial and industrial offering will help the company go beyond just being a commodity supplier and differentiates it from the competition, White said.
“Bringing in Ryan (Prestel, co-founder and CEO of JadeTrack ) and his team’s expertise deepens our relationships with our customers by establishing a true partnership in assessing and managing energy use,” White said. “It helps companies across the country operate more efficiently and sustainably and supports our shared purpose of building a sustainable energy future for a healthier planet.”
JadeTrack customers include leading organizations such as Wendy’s, the City of Columbus, Huntington Bank and Olentangy Local School District, which reduced its utility costs by $1 million in the first two years using real-time energy monitoring.