eCurv, a technology firm providing energy efficiency solutions, announced that they have grabbed a $2.5 million Series A round of funding provided by Constellation Technology, subsidiary group of Exelon Corporation.
Other investors in the funding include Vodia Ventures and Massachusetts Clean Energy Center. The funding will be used to increase eCurv’s operations and hire new employees.
eCurv provides digital queuing technology that enables IT and mobile telecommunications sectors to scale up their service capacity.
eCurv’s (Q) PAC, (Queued Power Access) service automatically queues the access of electric loads, such as HVAC systems, electric pumps, motors avoiding peak demands.
Edison Almeida, president, CEO, eCurv said, “eCurv’s software service reduces the demand component of customers’ electricity bill with no modifications to the existing equipment. eCurv’s(Q) PAC, electricity distribution method reduces charges through the digital queuing of loads.”
Michael Smith, vice president and head, Constellation Technology Ventures, said, “eCurv’s(Q) PAC, innovation has the potential to transform how electric loads interact with energy supply for a variety of demand management applications.”
eCurv has proved the value of service complementing existing demand management services in fixed interval of timeframes. eCurv’s (Q) PAC service addresses a critical unmet need, benefiting commercial customers and power suppliers.
eCurv’s technology reduces peak demands minimizing the use of fossil fuels considerably.