New Delhi, India, 31-May-2011 – Energy Advantage Inc., a leading North American energy and sustainability management services provider, is pleased to announce its entrance into India’s energy and environmental management services market. This move is a key element of the company’s global growth strategy.
Energy Advantage has taken a measured approach to this expansion beginning last year with the outsourcing of some of its back-room clerical functions and IT development work to India through Inforica (a Canadian technology services company with operations in Canada, the GCC and India). This initial partnership has led to the formation of Energy Advantage India, a joint venture with Inforica, which will provide Energy Advantage with marketing and service delivery capabilities in India.
Energy Advantage India has hired Pankaj Gupta to be Vice-President India Operations. Pankaj is a Mechanical Engineer with a Masters Technology in Energy and Environmental Management from IIT-Delhi. He has 20 years of experience in energy and environmental management within the building services and technology industry with specific expertise in air-conditioning and refrigeration, building automation, and the cold chain supply channel. Pankaj most recently worked with Trane (now Ingersoll-Rand) in Dubai, UAE and India for 15 years as Country Manager, Building Automation System Division, and as General Manager, Refrigeration Solutions.
“Energy Advantage is extremely excited to expand its business into India and capitalize on the business opportunity afforded by working directly within one of the highest growth markets in the world. We believe there’s a large and rapidly growing demand for energy and energy related environmental services with little resident energy management capability today. There is a strong Canadian/Indian business community, and the governments of Canada and India are both actively promoting increased trade between the two countries”, says Rob Kirkby, CEO, Energy Advantage.
“This represents a significant market opportunity for Energy Advantage as the growth in India is expected to derive more from light manufacturing and commercial services than from heavy industry. Energy Advantage’s energy and environmental services are primarily focused on these commercial sectors and their building centric energy efficiency demands. As there is a shortage of peak demand power, the need for energy-efficiency in buildings is of prime importance for India today”, says Pankaj Gupta, Vice-President, India.
About Energy Advantage Inc.
Energy Advantage has a proven track record in delivering comprehensive energy and environmental management solutions to large-scale, multi-facility North American organizations. As a fully independent organization that sits on its ‘customers’ side of the table, Energy Advantage provides managed data services, analysis and solutions which help its many longstanding customers make informed business decisions to achieve improved risk management, lower costs and reduced environmental impact. Energy Advantage has helped its customers across the commercial, industrial and institutional sectors reduce their energy costs by up to 20%, representing $10’s of millions in tangible benefits. For more information visit www.energyadvantage.com.