Environ Energy Acquires Carbon Analytics Leader Scope 5
Advanced Carbon Data Management Will Allow for Improved Energy Consulting
NEW YORK, Oct. 31, 2022 /PRNewswire-PRWeb/ -- Environ Energy, a renewable energy consulting firm and leader in energy sustainability services, is pleased to announce it has acquired Scope 5, a carbon tracking and analytics firm serving clients in more than 60 countries. Scope 5 originated automated carbon tracking and built a world-class platform that enterprises use to analyze their carbon emissions and identify opportunities for improvement. The acquisition was made possible with support from 424 Capital, a growth capital investor that works in partnership with founders and management teams to accelerate and scale for long-term growth.
"Energy management is increasingly focused on accurately tracking carbon from direct on-site sources, external sources and the global supply chain. The Scope 5 carbon tracker platform provides exceptional data accuracy and tools to measure and verify carbon reductions wherever they may occur," said Mark Mininberg, CEO of Environ. "The acquisition builds on Environ Energy's financial best practices approach to energy management solutions and our broad experience across a range of sustainable energy skills, including clean energy technology, project development and management and carbon reduction strategies."
Scope 5 will continue as a division within Environ Energy, supporting development of more comprehensive carbon consulting and energy sustainability services. The Scope 5 Platform will also serve a vital role in Environ Energy's compliance services by helping clients meet ESG commitments and plan energy reduction and decarbonization strategies.
"By joining with Environ, we are able to leverage the concise carbon data management that our team is known for with on-the-ground sustainable energy development and management," said Yoram Bernet, Scope 5 founder, who will continue as president and CTO of the Scope 5 division at Environ. "As we came together with Environ's team, we quickly realized the potential to make a bigger difference for our clients and society: An achievable pathway to a more sustainable energy future."
To learn more about Environ Energy, visit https://environenergy.com or reach out to Jeff Hogan at [email protected].
About Environ
Environ is a leading energy management firm that helps client operations become more sustainable by improving building energy efficiency, facilitating clean energy procurement, increasing resiliency, boosting regulatory compliance, and meeting ESG commitments. With a history that dates to the early 1990s and clients from healthcare to hospitality, industrial facilities to data centers, Environ has more than $1B in energy contracts under management, with $100M in demonstrated savings for our clients. With offices in New York City, Environ serves clients across North America and abroad. http://www.environenergy.com
About Scope 5
Scope 5 created the first user-accessible carbon tracking platform and continues to lead the field by integrating novel greenhouse gas analysis tools as the practice of carbon accounting rapidly evolves. Headquartered in Seattle, Scope 5 tracks carbon, energy and other sustainability metrics for clients with operations worldwide.
http://www.scope5.com
About 424 Capital
424 Capital is a growth capital partner headquartered in Wakefield, MA, that invests in lower middle market companies in technology and tech-enabled services. 424 Capital partners with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on healthcare and renewable energy investments, it invests in, empowers, and enables companies to step up, stand out, and make a difference in the world. For more information about 424 Capital, please visit 424capital.com.
Media Contact
Jeff Hogan, Environ Energy, 1 888-238-3492, [email protected]
SOURCE Environ Energy
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