RETX BRINGS DEMAND RESPONSE EXPERTISE TO GLOBAL ENERGY EFFICIENCY GIANT
RETX Energy Services announced today that it has joined the Schneider Electric family of companies as part of its Power Monitoring and Control (PMC) activity.
As a leading demand response company providing electricity demand response applications, services and consulting in the North American electricity industry, RETX is a valuable addition to Schneider Electric’s portfolio of integrated solutions in energy management, enhancing Schneider Electric’s ability to meet growing global need for demand response solutions.
Ross Malme, President of RETX, commented, "This acquisition of RETX by Schneider Electric is a clear indication that demand response has moved into the mainstream of the electricity market. Schneider Electric's worldwide sales organization and positioning in the energy efficiency space worldwide is a perfect fit with RETX demand response business."
“Demand response is one of the key elements in meeting the peak growth in electricity demand in North America and worldwide,” notes Jean-Louis Stasi, Vice-President of Schneider Electric’s Electrical Management Services division. “RETX has been on the forefront of this emerging growth industry for the last several years, and this acquisition allows us to bring vitally important new solutions to our customers. Demand response, along with energy efficiency and renewable energy solutions will form an integrated portfolio of solutions in energy management for Schneider to meet the growth needs of the electricity industry in an environmentally sustainable manner.”