Veolia buys energy services firm Enovity

Veolia Energy North America Holdings has acquired Enovity, a San Francisco-based energy services firm. Enovity is a strategic acquisition that complements Veolia’s existing SourceOne energy services business, providing a platform for expanding the company’s geographic footprint in the building energy services sector.

Buildings account for more than 40 percent of all energy consumption in the United States, and more than 30 percent of all energy consumed worldwide.

Improving energy efficiency in buildings is fundamental for reducing greenhouse gas emissions in cities, decreasing costs and improving productivity for businesses and strengthening energy security; and thus, the circular economy.

The building energy services industry is a fast growing sector, driven by environmental regulation and energy costs, that touches all markets, especially regionally in California.

The U.S. building energy efficiency market, a $64 billion industry, plays an ever critical role in controlling energy consumption and CO2 emissions in cities.

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