PORT WASHINGTON, Wis, May 08, 2024 (GLOBE NEWSWIRE) -- Franklin Energy, a leading provider of end-to-end energy management solutions, released today their 2024 Sustainability Report .
Key Points:
- PORT WASHINGTON, Wis, May 08, 2024 (GLOBE NEWSWIRE) -- Franklin Energy, a leading provider of end-to-end energy management solutions, released today their 2024 Sustainability Report .
- The report highlights the organization’s 30 years of impact, including ongoing commitment to environmental stewardship, social responsibility, and ethical business practices.
- “Our experts, both past and present, are the backbone of what we do, and they make a difference in local communities every day across America,” says Bridgid Lutz, Franklin Energy Director of Sustainability.
- “This is an opportunity to remain transparent and accountable, while also showcasing the passion and accomplishments of our team.”
As Franklin Energy marks 30 years of boldly changing our energy future, they also celebrate saving more than 171 million metric tons of CO2 over their 30 years of operations.
“As state energy offices receive $4.3 billion from the HOMES rebate program, this partnership allows us to provide a simplified contractor experience,” said Eric Wall, Franklin Energy Vice President of Technology.
Key Points:
- “As state energy offices receive $4.3 billion from the HOMES rebate program, this partnership allows us to provide a simplified contractor experience,” said Eric Wall, Franklin Energy Vice President of Technology.
- Used by over 2,000 companies in all 50 states, Snugg Pro integrates with utility and government programs directly and through third-party program implementers.
- While Snugg Pro and Pearl Certification are preferred partners in the HOMES rebate program, the relationship is not exclusive.
- Both companies welcome alternative integrations and will gladly work with other third-party implementation providers.
PORT WASHINGTON, Wisconsin, March 05, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , one of North America’s largest providers of tech-enabled sustainable energy management solutions and products, announced today that lenders to the company’s revolving credit facility have unanimously approved an 18-month extension to the facility’s maturity to February 2026.
Key Points:
- PORT WASHINGTON, Wisconsin, March 05, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , one of North America’s largest providers of tech-enabled sustainable energy management solutions and products, announced today that lenders to the company’s revolving credit facility have unanimously approved an 18-month extension to the facility’s maturity to February 2026.
- In connection with the previously announced preferred equity investment and the extension of the revolving credit facility, the company received an upgrade to its credit ratings from Standard & Poor’s and Moody’s.
- Standard & Poor’s raised their issuer credit rating and rating on the company’s first-lien term loan to B- and changed their outlook on the company to Stable.
- “The credit ratings upgrade and revolver extension underscore the tremendous effort that Franklin Energy continues to put forth, building on our 30-year legacy, strengthening our business and financial position,” said Terry Sobolewski, Franklin Energy CEO.
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Monday, February 26, 2024
Port Washington, Wisconsin, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , one of North America’s largest providers of tech-enabled sustainable energy management solutions and products, announced today a preferred equity investment from Funds Managed by Invesco Senior Secured Management, Inc. (“Invesco”).
Key Points:
- Port Washington, Wisconsin, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , one of North America’s largest providers of tech-enabled sustainable energy management solutions and products, announced today a preferred equity investment from Funds Managed by Invesco Senior Secured Management, Inc. (“Invesco”).
- Franklin Energy intends to use the proceeds from the initial closing to repay the company’s second lien term loan and revolving credit facility.
- Under the terms of the agreement, Franklin Energy also has access to additional capital to support investment in the company’s business as well as acquisitions in continued execution of its established growth strategy.
- “This investment is a tremendous validation of the company’s long-term growth potential and the key role our company plays in the energy transition,” said Terry Sobolewski, Franklin Energy CEO.
PORT WASHINGTON, Wis, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Snugg Home, a leading software-as-a-service energy efficiency adoption company best known for their Snugg Pro energy audit tool.
Key Points:
- PORT WASHINGTON, Wis, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Franklin Energy , a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Snugg Home, a leading software-as-a-service energy efficiency adoption company best known for their Snugg Pro energy audit tool.
- Snugg Pro is the market's preferred IRA-compliant tool when qualifying households for deep energy-saving improvements and accurately modeling savings.
- Adding Snugg Pro as a SaaS offering integrated within our ecosystem of services allows us to provide a simplified user experience,” said Sushma Annareddy, Franklin Energy Chief Technology Officer.
- In joining forces with Snugg Home and integrating Snugg Pro into their technology platform, Franklin Energy solidifies its commitment to providing comprehensive solutions for state energy offices, utility clients, program implementers, contractors, and constituents across the energy ecosystem, advancing the evolution of electrification and decarbonization measures in the ever-changing landscape of clean energy.
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Wednesday, September 27, 2023
CHARLESTON, SC, Sept. 27, 2023 (GLOBE NEWSWIRE) -- AM Conservation , a subsidiary of Franklin Energy , a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Evolve Technologies, a leading provider of innovative patented technologies and products for water and energy conservation.
Key Points:
- CHARLESTON, SC, Sept. 27, 2023 (GLOBE NEWSWIRE) -- AM Conservation , a subsidiary of Franklin Energy , a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Evolve Technologies, a leading provider of innovative patented technologies and products for water and energy conservation.
- “This acquisition allows us to better address market opportunities as we move into a time of accelerated electrification and innovation in saving energy and water,” said Terry Sobolewski, Franklin Energy CEO.
- “Our values and culture are strongly aligned with Franklin Energy and AM Conservation, and their increased resources will further our mission dedicated to delivering meaningful water, energy, and carbon footprint savings."
- This acquisition will enable Franklin Energy and AM Conservation to amplify and scale the impact of Evolve's technologies and expertise, benefitting clients and customers alike.
U.S. Department of Energy, Office of Inspector General,
Public,
Entergy New Orleans,
DOE,
Sale,
Organization,
EPA,
Climate change,
Environment,
Building performance,
Renewable energy,
Film industry New Orleans, La., April 13, 2023 (GLOBE NEWSWIRE) -- APTIM is proud to announce that Entergy New Orleans’ Energy Smart program, one of the energy efficiency programs the electric services company administers, has received the 2023 ENERGY STAR Partner of the Year: Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
Key Points:
- New Orleans, La., April 13, 2023 (GLOBE NEWSWIRE) -- APTIM is proud to announce that Entergy New Orleans’ Energy Smart program, one of the energy efficiency programs the electric services company administers, has received the 2023 ENERGY STAR Partner of the Year: Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
- ENERGY STAR award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies.
- The program was recognized for its efforts to advance innovations in residential energy efficiency programs and technologies, therefore improving the affordability of home energy upgrades for diverse households through Home Performance with ENERGY STAR.
- For a complete list of 2023 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners .
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Wednesday, April 12, 2023
Welfare,
Business development,
UniSource Energy Services,
Reach Out Worldwide,
TEP,
Tucson Electric Power,
Carbon,
Investment,
Biophysical environment,
Renewable energy,
Electric power Tucson, Arizona, April 12, 2023 (GLOBE NEWSWIRE) -- Franklin Energy , a leading provider of energy efficiency and grid optimization solutions, announced today that they will implement residential and commercial energy efficiency services within the service areas of Tucson Electric Power and UniSource Energy Services .
Key Points:
- Tucson, Arizona, April 12, 2023 (GLOBE NEWSWIRE) -- Franklin Energy , a leading provider of energy efficiency and grid optimization solutions, announced today that they will implement residential and commercial energy efficiency services within the service areas of Tucson Electric Power and UniSource Energy Services .
- The program design helps customers manage their usage in ways that not only save energy, but that better align energy demand to clean energy output and grid conditions.
- “We are excited to work with the TEP team to provide energy efficiency solutions for their customers and the trade allies that support them,” said Dean Laube, Franklin Energy Regional Vice President.
- If you are a customer and would like to save energy and money, or a contractor and would like to participate in the UniSource Energy Services territory, please contact (866) 540-4315.
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Friday, February 10, 2023
PORT WASHINGTON, Wis., Feb. 10, 2023 (GLOBE NEWSWIRE) -- PORT WASHINGTON, Wis. – Franklin Energy , a leading provider of end-to-end energy management solutions, announced today the launch of its EV solution —a robust transportation electrification solution for residential and commercial customers that offers a curated customer experience.
Key Points:
- PORT WASHINGTON, Wis., Feb. 10, 2023 (GLOBE NEWSWIRE) -- PORT WASHINGTON, Wis. – Franklin Energy , a leading provider of end-to-end energy management solutions, announced today the launch of its EV solution —a robust transportation electrification solution for residential and commercial customers that offers a curated customer experience.
- As part of one comprehensive journey, customers benefit from EV education, charger purchasing options, managed charging program enrollment, charger installation, and more.
- “Our EV make-ready offerings are designed to meet program goals while making the customer experience a priority,” said Danielle Marquis, Franklin Energy Vice President of Solution Management.
- “We’re excited to see our robust offering already taking shape with two multistate utilities working with Franklin Energy to deploy our EV solution.”
To learn more about the way our EV solutions are delivering benefits to both utility partners and their customers in one seamless experience, visit https://www.franklinenergy.com/ev-solution .
Climate change,
Inflation,
Carbon,
Legislation,
GLOBE,
Policy,
Society for Healthcare Strategy and Market Development,
EVS,
Natural gas,
Electricity,
IRA,
Goal,
Solution,
PORT,
Efficiency,
Renewable energy PORT WASHINGTON, Wis., Aug. 15, 2022 (GLOBE NEWSWIRE) -- PORT WASHINGTON, Wis. Franklin Energy ,a leading provider of end-to-end energy management solutions, announced today its readiness to support implementation of the historic climate change bill, the Inflation Reduction Act.
Key Points:
- PORT WASHINGTON, Wis., Aug. 15, 2022 (GLOBE NEWSWIRE) -- PORT WASHINGTON, Wis. Franklin Energy ,a leading provider of end-to-end energy management solutions, announced today its readiness to support implementation of the historic climate change bill, the Inflation Reduction Act.
- The bill establishes the largest investment in US history to drive the transition to clean energy and challenge the climate emergency.
- The Inflation Reduction Act offers the best opportunity yet to address the climate crises, said Terry Sobolewski, Franklin Energy Chief Executive Officer.
- Franklin Energy is committed to achieving net-zero carbon emissions by 2025, protecting our communities and planet while building a brighter, more sustainable future.
