|Acquired by||Toshiba Corporation|
|Description||Energy Usage Management|
|Venture Round, 6/2010 ||$17.7M|
|Partial Close, 10/2011 ||$7M|
|Debt, 12/2009 ||$3.35M|
|Debt, 4/2012 ||$5M|
Consert Inc. is focused on the design and implementation of intelligent energy distribution and management networks. It drives to join all the players in the energy market to its own network creating market solutions built entirely through opt-in participation.
Consert Inc. was formed in 2008 and offers the most complete real-time, energy management and conservation ecosystem available today. Consert’s Energy Management Solution gives energy conservation the attributes of generation and offers utilities the opportunity to gain operational savings, address peak load with measurable and verifiable certainty, and realize new revenue streams, all by empowering consumers to set, monitors and reduce energy consumption.
Over the years, Consert has proven itself time and time again with major utilities, including the nation’s largest municipal power and gas company. In addition to full-scale commercial program initiated as pilots for among others, Fayetteville Public Works Commission and Wake Electric Membership Corporation, Consert has partnered with CPS Energy of San Antonio – and its more than 700,000 customers – to reduce peak demand by more than 250 megawatts over the next three years.