CenTrio is the new name of the District Energy Business of Enwave Energy, the company announced this Thursday.
Firstly, the former name of the business was Enwave Energy USA, a leading company that supplies innovative, sustainable energy solutions.
Secondly, under its new name will continue to operate assets in Chicago, New Orleans, Houston, Syracuse, Denver, Los Angeles, Seattle, and Portland.
Thirdly, CenTrio’s portfolio is mainly comprised of intelligent thermal energy systems that generate, store and share energy.
Moreover, the company provides heating, cooling, and electricity solutions to more than 400 buildings in urban centers; also, universities, and hospitals.
Indeed, the renaming follows the February 2, 2021 announcement that QIC Global Infrastructure and Ullico Infrastructure Fund will acquired all Enwave Energy’s U.S. district energy business.
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CenTrio, a reflexion of centrality, integration and company’s strengths
Consequently, the full transaction will be completed by the second quarter of 2021.
In addition, CenTrio, the new name, reflects the centrality of energy to customers and the company’s three core offerings: heating, cooling, and electricity.
In fact, it is also intended to reflect the “trio” of benefits the company offers: reliability, sustainability, and cost-effectiveness.
On the other hands, CenTrio’s COO Doug Castleberry, said. “Our company will continue to provide the reliability and sustainability that our customers have come to expect from the same great team.”
He also remarked. “We will continue to leverage our innovative culture to find new ways to deliver even more value to our customers. By partnering with CenTrio, our customers free up their resources to focus on achieving their core missions; whether that is educating students, caring for patients, or providing safe, comfortable spaces for tenants.”
Finally, the name change also follows the selling of Enwave by Brookfield Infrastructure, as said above. Closed in early February for the entire Enwave business in North America, the business also got divested through two different transactions for a total of $4,1 billion on an enterprise value basis.