CINCINNATI, OH – January 27, 2017 – Creekwood Energy Partners, LLC (Creekwood) has been awarded a $1.1 million grant by Duke Energy’s Class Benefit Fund (CBF). The Creekwood Team, through its Targeted Commercial Energy Management Program, will partner with small to medium size businesses to achieve significant energy savings. “The Targeted Commercial Energy Management Program combines energy efficiency expertise and an innovative financing structure to help small and medium sized businesses and nonprofits overcome the main barriers to reducing consumption: lack of capital, time, and know-how,” stated Ron DeLyons, CEO of Creekwood. “The result is increased savings and reduced environmental impacts with no upfront cost to building owners.” Creekwood will collaborate with Ecova and Joule Assets to implement the program. This unique partnership of capabilities and resources will provide highly effective services that maximize the CBF’s impact in terms of customer participation and delivered savings. Potential customers will be identified using Ecova’s Virtual Energy Assessment (VEA); those with highest savings potential will be encouraged to participate. Creekwood will upgrade the building with energy efficient equipment to maximize building performance. Joule Assets will provide additional investment capital to ensure affordability and long-term cost savings. Funding for this project is made possible with the support of the Duke Energy Class Benefit Fund. CBF is the result of the settlement of a class action lawsuit (Williams, et al vs. Duke Energy International, al). Funds will be used to benefit residential (homeowners, renters) and nonresidential (commercial, industrial, business, government, nonprofit) class members, defined as “all ratepayers who received retail electric generation service from Duke Energy Corp. and /or Cinergy Corp. or their subsidiaries or affiliates at any time between January 1, 2005, and December 31, 2008, in the CG&E/Duke Energy Ohio electric services territory and who did not receive rebates under the side agreements.” Creekwood Energy Partners, LLC is a NMSDC Certified Minority Business Enterprise and part of Goldman Sachs’ 10,000 Small Businesses initiative. Founded in 2004, Creekwood Energy, offers comprehensive energy management and consulting services, employing a data-driven process, designed to optimize renewable energy, energy efficiency, and sustainability initiatives. For more information, visit www.CreekwoodEnergy.com.
