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Owens Corning extends energy management contract

Energy process management solutions provider Prenova, Inc. announced 16 November 2004 that it has been awarded a contract extension by Owens Corning for supply-side energy management at the building m…

Energy process management solutions provider Prenova, Inc. announced 16 November 2004 that it has been awarded a contract extension by Owens Corning for supply-side energy management at the building materials manufacturer“s North American facilities. The contract extends the partnership through multiple future years. Prenova says it has generated millions in annual savings for Owens Corning by managing its energy procurement and other supply-side activities. These activities include contract risk management, bill auditing, and web-based, automated processes for managing gas nominations to reduce financial penalties. Prenova says it is also helping to ensure reliability of energy supply. “The contract extension reflects our satisfaction with Prenova as a collaborative energy management partner,” said Fred Dannhauser, Global Energy Leader for Owens Corning. “Prenova has proven its value through the substantial savings on our energy supply costs.” “Due to their significant energy requirements, manufacturing organizations are especially vulnerable to rising energy costs,” said Ed Smith, president and CEO of Prenova. “We have been working with Owens Corning since 2002 to secure the best prices for energy while also managing other procurement related processes to help lower costs.” Owens Corning also uses demand-side solutions from Prenova to optimize energy usage at the company“s manufacturing facilities. Prenova“s demand-side solutions to Owens Corning are managed through a separate contract.

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