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Catalyst Power acquires Webster energy advisory firm

Northeast Energy Reduction Services, an advisory firm headquartered in Webster, has been acquired by Catalyst Power Holdings LLC.

Catalyst Power Holdings is an integrated provider of cleaner energy solutions company focused on helping businesses in the commercial and industrial sectors decarbonize their electricity consumption.

“The middle market has been underserved for too long,” Gabriel Phillips, CEO of Catalyst Power Holdings, said in a news release. “By combining Northeast Expense Reduction Services’ territories, customers and supplier relationships with our novel energy supply options including community solar products and proprietary Connected Microgrid solutions, we are expanding access for our customers to more environmentally friendly, money saving energy supply options.”

The acquisition price was not disclosed.

Catalyst Power develops energy supply solutions with a focus on a network of Connected Microgrids and is a portfolio company of Dallas-based BP Energy Partners, LLC.

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