FAIRFAX, Va., Oct. 8, 2001 — ICF Consulting announces the formation of a new emerging energy markets practice within its energy services group to tackle issues confronting energy market participants in a deregulating, transitional environment.
The newly formed practice focuses on assessing and developing profitable market solutions across a range of new business opportunities, including distributed resource arbitrage, energy e-commerce, and structured energy products.
When combined with ICF Consulting’s other advisory services, the firm offers expertise in strategy, risk, market, and industry issues to advise clients from the inception of their business plan through the delivery of services to their customers. Services to be provided by this new practice include new business models, scenario planning, downstream asset acquisition and divestiture due diligence, e-commerce solutions, and financial and commercial structuring.
“We have added this practice to provide management consulting services that blend substantial market experience, technical knowledge, and our industry- analytical capability. The emerging energy markets practice will offer integrated management and technology solutions for energy market participants, including unregulated, regulated, public, private, financial and technology firms,” said John Wasson, ICF Consulting’s Executive Vice President of energy services.
Additionally, Paul DeMartini has been appointed as the leader of the new emerging energy markets practice. DeMartini recently joined ICF Consulting with more than 20 years of energy industry experience in retail markets, wholesale trading, and utility operations. Most recently, he was VP for Pricing & Structuring at Sempra Energy and previously, VP for U.S. Regional Sales at PG&E Energy Services. Earlier, he held executive positions with Coastal Gas Marketing and Pacific Gas & Electric.
ICF Consulting, with more than 30 years of experience, is one of the world’s professional services firms advising clients on managing global resources in a sustainable way. ICF Consulting helps clients optimize energy resources, meet environmental challenges, foster economic and community development, enhance transportation projects and policies, and prepare for and respond to emergencies.
ICF Consulting’s 800 employees are based in offices around the globe, including offices in Bangkok, Fairfax, London, Los Angeles, Melbourne, Moscow, San Francisco, Toronto, and Washington, D.C. The firm reported gross revenue of more than $109 million in 2000. For additional information, please visit our Web site at http://www.icfconsulting.com.
SOURCE: ICF Consulting