Monday, February 8, 2016

Ecova Backs Trove For Predictive Energy Management

Spokane, Washington-based energy and sustainability management service provider Ecova said this morning that it has made an investment in TROVE, a developer of predictive data analysis software for the energy and utility market. Financial terms of the investment were not disclosed. Trove, based in New York, helps electric utilities with load management and other efforts. Ecova said it will use Trove's technology to help its client save money and reduce energy and resource consumption. A regulatory filing by Trove indicates at least a $2M, and possibly a $4M investment in the company as a part of the strategic round. More information »