Launchworks Inc. of Calgary says it has made a $2-million partnership investment with E2MS Inc., a Toronto-based designer of energy management and control systems for major energy consumers.
With the possibility of energy deregulation leading to increases in energy commodity prices, E2MS’s technology offers software solutions that will allow energy users to find significant cost savings, said Jonathan Allen of Launchworks.
Launchworks, which provides startup capital for software and technology companies, made the investment in return for equity in E2MS, he said. The software will allow energy users “to profile their energy use in the context of real-time energy pricing information,” said Allen.
Also, the E2MS applications can be used to manage gas, electrical and water utility use. For industrial users, he noted, “it will actually allow you to control the demand.”
“You can actually shut down non-critical components of the process to reduce demand,” said Allen, an associate in Launchworks’s partnership investment group.
E2MS applications can provide customers with “100-per-cent payback in as little as 60 days,” said E2MS president and CEO Norman Wright. E2MS clients include Ford Motor Co., steel-maker Dofasco Inc., Nova Chemical, Petro-Canada and printer Quebecor Inc.
