Capco and Enerex announce strategic partnership
Capco and Enerex have announced a new partnership to expand digital transformation and innovation in the energy industry. The move will see Capco work as a recommended system integrator for clients of the software provider.
Nate Richards, CEO at Enerex said, “At Enerex, we help retail energy businesses scale and succeed. Our collaboration with Capco enables us to provide customized, efficient solutions while enhancing the technology investments already made by our clients. Capco is a leader in merging upstream and downstream technologies, and this partnership will enable clients to better navigate the future of energy procurement.”
Enerex offers a variety of technology solutions for energy companies. Its flagship service, Sparkplug, is a leading retail energy sales platform globally, powering over 10% of US commercial and industrial transactions. Meanwhile, its Exchange platform is the only commercial connectivity solution for retail energy data, allowing brokers and suppliers to securely share information via a trusted central hub.
Partnering with Capco enables clients of Enerex to “achieve optimal outcomes”, according to a release from the firms, by combining Capco’s “implementation expertise” with Enerex’s software solutions for retail energy brokers and suppliers.
The partnership aims to streamline the energy procurement process at a pivotal time – when the transition to net zero electricity, and threats to the gas and oil supply chains are driving pressures in the sector. To that end, the firms hope Capco’s extensive experience and domain knowledge of the North American power markets, alongside Enerex’s unified data platform that connects brokers, suppliers, utilities, energy managers, agents, and customers will boost uptake for Enerex’s suite of solutions, and help clients to get the most from them.
Jonathan Clites, leader for the retail and wholesale energy practice at Capco, remarked, “The retail energy industry is undergoing a rapid transformation in the technology and platforms required to stay competitive. Enerex is leading this evolution with its comprehensive suite of applications, empowering clients to expand their broker networks, boost sales team efficiency, and streamline operations – while reducing the total cost of ownership for their technology stack. Through this partnership, Enerex is uniquely positioned to deliver on these objectives by leveraging Capco’s market-leading expertise. Together, they will support retail energy companies in migrating to the Enerex platform and seamlessly integrating their existing applications.”
