Connection

popular articles

The closure of the Pokrovsk mine: a major blow to Ukraine’s economy and defense
Nadara unveils its growth strategy and energy ambitions
Alternus Clean Energy acquires LiiON to strengthen its energy storage capabilities
First Hydrogen explores SMRs to industrialize green hydrogen production
Chevron obtains a permit in Australia to explore CO₂ storage over 2,222 km²

The United States strengthens its energy capabilities with the acquisition of AEG for $30 million

ICF acquires Applied Energy Group from Ameresco for $30 million, consolidating its energy and technology services for public utilities and local governments.

Please share:

ICF, a company specializing in consulting and technology services, has completed the acquisition of Applied Energy Group (AEG) from Ameresco. This $30 million transaction for 2024 aims to enhance ICF’s capabilities in energy technologies and services for public and local markets in the United States.

AEG, which includes over 100 energy management experts, brings to ICF an advanced technology platform dedicated to managing demand-side management (DSM) programs. These programs cover key areas such as energy efficiency, demand response, and load management. The cloud-based platform delivers real-time business intelligence and analytics to ensure grid reliability while maintaining competitive costs.

A strategic partnership

The collaboration between ICF and AEG is not new. The two companies have worked together on various projects for public utilities, strengthening their respective expertise. With this acquisition, ICF aims to develop additional synergies and accelerate its growth in the energy sector.

John Wasson, ICF’s CEO, stated that this operation is part of a broader strategy to expand its technological and consulting services. “We are now better equipped to meet the growing needs of our clients in energy efficiency and load management,” he said.

A repositioning for Ameresco

On its side, Ameresco highlighted that this divestiture allows it to focus more on its core activities, including energy projects, asset management, and operation and maintenance services. “We are excited to see AEG thrive under ICF’s leadership, which will offer new growth opportunities for their team,” said George Sakellaris, Ameresco’s CEO.

Strong financial prospects

ICF expects AEG’s annual revenues to reach approximately $30 million in 2024, with double-digit growth projected by 2025. This acquisition is also expected to have an immediate positive impact on the company’s adjusted earnings per share (Non-GAAP EPS).

This transaction comes as ICF experiences strong demand for its services in electrification, grid resilience, and flexible energy management.

Register free of charge for uninterrupted access.

Publicite

Latest news

Canada: A Minister Defends Energy Cooperation Between Canada and the United State
France: Minister of Ecological Transition Opposes New Oil Drilling
Slovakia Restores Russian Gas Supply via TurkStream
Tyba raises $13.9 million to optimize energy storage profitability
Polar Racking aims to reach 10 GW of annual solar production

Recently published in

Veolia Relies on Mistral AI’s AI to Optimize Its Industrial Plants

Veolia has entered into a strategic partnership with Mistral AI to integrate artificial intelligence into its plant management. The goal is to improve operational performance by enabling real-time analysis of equipment and accelerating technical interventions.
Equinor adjusts its strategy: renewable energy declines, hydrocarbons increase
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
en_1140290946540-4
Equinor adjusts its strategy: renewable energy declines, hydrocarbons increase
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
en_1140290946540-4
TotalEnergies reduces low-carbon investments despite solid profits
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
en_1140290956540-4
TotalEnergies reduces low-carbon investments despite solid profits
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
en_1140290956540-4
Surtax on Large Corporations: Patrick Pouyanné Supports Bernard Arnault’s Position
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
en_1140290950540-4
Surtax on Large Corporations: Patrick Pouyanné Supports Bernard Arnault’s Position
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
en_1140290950540-4

Alfa Laval strengthens its portfolio with the acquisition of NRG Marine

Alfa Laval has signed an agreement to acquire NRG Marine, a UK-based company specializing in ultrasonic anti-fouling technology. This acquisition aims to enhance the group’s offering in the maritime, oil, and industrial sectors in response to the growing demand for these innovative solutions.
European Oil Majors Slow Down Their Energy Transition
Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.
en_1140290955540-4
European Oil Majors Slow Down Their Energy Transition
Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.
en_1140290955540-4
ElecLink power link gradually resumes operations after months of shutdown
Getlink is progressively relaunching ElecLink, its one-gigawatt transchannel power cable, after more than four months of suspension. The service restoration is taking place in multiple phases, with ongoing testing and capacity auctions until February 10.
en_1140290944540-4
ElecLink power link gradually resumes operations after months of shutdown
Getlink is progressively relaunching ElecLink, its one-gigawatt transchannel power cable, after more than four months of suspension. The service restoration is taking place in multiple phases, with ongoing testing and capacity auctions until February 10.
en_1140290944540-4
Abyss Solutions and Petrobras Collaborate on Offshore Digital Inspection
Abyss Solutions signs an R&D contract with Petrobras to develop an advanced digital inspection technology aimed at optimizing offshore platform maintenance and reducing operational costs.
en_1140290952540-3
Abyss Solutions and Petrobras Collaborate on Offshore Digital Inspection
Abyss Solutions signs an R&D contract with Petrobras to develop an advanced digital inspection technology aimed at optimizing offshore platform maintenance and reducing operational costs.
en_1140290952540-3

Getlink records a 12% decline in revenue in 2024

Getlink's revenue fell by 12% in 2024, impacted by challenges with ElecLink and a tough economic environment, despite growth in some of its rail activities.
ACWA Power signs agreements with Italian companies for global projects
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
en_1140290952540-2
ACWA Power signs agreements with Italian companies for global projects
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
en_1140290952540-2
Shanghai Electric: Strategic Certifications Bolster Its Influence in Emerging Markets
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
en_1140290945540-1
Shanghai Electric: Strategic Certifications Bolster Its Influence in Emerging Markets
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
en_1140290945540-1
TotalEnergies CEO Calls on EU to Strengthen Protection for Its Green Industry
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
en_11401391540
TotalEnergies CEO Calls on EU to Strengthen Protection for Its Green Industry
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
en_11401391540

OLI Systems supports Lilac Solutions in optimizing lithium extraction

OLI Systems collaborates with Lilac Solutions to improve lithium extraction processes, enhancing the efficiency and sustainability of this key resource for lithium-ion batteries.
GE Vernova: Quarterly Results Fall Short of Expectations, but 2025 Outlook Remains Strong
The American group GE Vernova reported a fourth-quarter net profit below forecasts but reaffirmed its 2025 objectives, backed by a significant increase in orders across key divisions.
en_11401383540
GE Vernova: Quarterly Results Fall Short of Expectations, but 2025 Outlook Remains Strong
The American group GE Vernova reported a fourth-quarter net profit below forecasts but reaffirmed its 2025 objectives, backed by a significant increase in orders across key divisions.
en_11401383540
Meyer Burger: Debt Restructuring and Growth Strategy
Meyer Burger extends and increases a credit line to USD 59.5 million to finance its strategic merger and acquisition process. The company is also engaged in crucial negotiations with its creditors and clients.
en_11401352540
Meyer Burger: Debt Restructuring and Growth Strategy
Meyer Burger extends and increases a credit line to USD 59.5 million to finance its strategic merger and acquisition process. The company is also engaged in crucial negotiations with its creditors and clients.
en_11401352540
Australia Allocates €1.2 Billion for Low-Emission Aluminium
Australia launches a strategic €1.2 billion plan to support the energy transition of its aluminium industry, a key sector facing decarbonization challenges and global competitiveness.
en_11401337540
Australia Allocates €1.2 Billion for Low-Emission Aluminium
Australia launches a strategic €1.2 billion plan to support the energy transition of its aluminium industry, a key sector facing decarbonization challenges and global competitiveness.
en_11401337540

Masdar increases its capacity to 51GW and energizes its global expansions

Masdar grows from 20GW to 51GW in a short period. This trajectory relies on solar, wind, and storage deployments backed by substantial financing, targeting a much higher goal in the medium term.
Colombia and Ecopetrol Reduce ADR Conversion Fees by 50%
Ecopetrol announces, in partnership with JPMorgan Chase Bank, a 50% reduction in conversion fees for its American Depositary Receipts, effective until July 10, 2025, as part of a strategy to enhance its international appeal.
en_11401287540
Colombia and Ecopetrol Reduce ADR Conversion Fees by 50%
Ecopetrol announces, in partnership with JPMorgan Chase Bank, a 50% reduction in conversion fees for its American Depositary Receipts, effective until July 10, 2025, as part of a strategy to enhance its international appeal.
en_11401287540
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
en_11401291540
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
en_11401291540
Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia
Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
en_11401298540
Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia
Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
en_11401298540

The United Arab Emirates invests 500 million dollars in 11 GW of American infrastructure

Abu Dhabi Investment Authority’s subsidiary partners with ArcLight to support a strategic 11 GW energy portfolio in the United States.
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540
The CEO of Galp Energia resigns amidst controversy
Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
en_11401182540
The CEO of Galp Energia resigns amidst controversy
Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
en_11401182540
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS