Electric.ie May/June 2021

ELECTRIC.IE • The Magazine & Website for the Irish Electrical Industry • 23 Industry News Acutrace and ECI Energy create a Technology Partnership T his partnership creates a unique solution for the Irish Market combining the Acutrace Energy Measurement and Sustainability Software with LED Lighting, Solar PV and Electric Vehicle Charging products from ECI Energy. Commenting on the partnership Aidan McDonnell, CEO of Acutrace said: “We are really thrilled to partner with ECI Energy to help accelerate our growth plans. Acutrace has had great success to date and we look forward to continuing to make a positive impact on the environment by deploying our Energy Measurement Software in Commercial and Industrial Buildings around the world. ECI has a long standing and solid reputation and as part of this relationship we are confident that both businesses will offer something unrivaled in the market. We are also really pleased that Enterprise Ireland participated in this round of funding”. Announcing the investment Mark Connolly, CEO of ECI Energy said: “We are really confident that the economic outlook post Covid will improve quite quickly and for us to have run and concluded a successful DD process in the midst of a pandemic shows just ർ Acutrace are delighted to announce a strategic partnership with ECI Energy which includes an equity investment in Acutrace. This Investment also sees Enterprise Ireland provide a matching funds investment in Acutrace as one of their HPSU clients. how serious our expansion plans are. We are growing rapidly and have ambitions to integrate further IP into the ECI Energy portfolio. We secured major public sector wins last year and this grouping of technical and energy efficiency solutions is something which is unique in the market globally. We look forward to working with the fantastic team at Acutrace to grow both businesses internationally”. The Acutrace Cloud Platform provides Businesses and Organisations with a single place to view all utility costs (Electricity, Gas, Water) and also all Sustainability Metrics like Waste Management, Rainwater Harvesting, Temperature, Humidity and Indoor Air Quality. The Acutrace SaaS cloud platform helps users pinpoint exactly where and when energy is being used allowing them take corrective action to achieve significant energy savings. Acutrace deploy a mixture of wired, wireless, IoT and IIoT devices to collect data and have vast experience from existing projects throughout Ireland and in the UK. The built-in reporting tool helps organisations meet their CSR, ESG and Sustainability targets and achieve International Environmental Accreditation like ISO50001, LEED and GRESB. Acutrace and ECI Energy have identified several new business areas that will be developed using this perfect combination of Software and Energy Efficient hardware in 2021. Mark Connolly CEO ECI Energy and Aidan McDonnell CEO Acutrace.