CSD Energy Advisors Expands National Footprint with Acquisition of New York-based Novo Energy Services
HOUSTON – Jan. 19, 2023 – CSD Energy Advisors, a Texas-based energy management solutions provider, announced today they have further expanded into the national retail energy market with the acquisition of New York-based Novo Energy Services, an energy consulting and advisory firm operating out of New York City, Cape Cod, Maine and Houston, Texas. The acquisition solidifies CSD’s continued commitment to growth in the competitive energy space.
“We’re very excited about the addition to our organization and the continued growth of the team at CSD Energy Advisors,” said Andrew Barth, partner and co-founder of CSD Energy Advisors. “Novo is a trusted company, providing effective energy management solutions for their clients across the Northeast U.S. They have earned a reputation for delivering the same elite level of customer service that CSD provides, which is why this acquisition makes perfect sense for both companies. It also represents an opportunity to further establish CSD outside of Texas and continue to build market share across the country.”
Novo Energy Services was formed in July of 2018 to fill a void in the energy advisory industry. The company is renowned for its strong relationships and ability to provide advanced procurement sophistication and added value for both supplier and client. Novo Energy Services offers clients a holistic understanding of each supplier’s sophisticated energy offerings. The company’s services include efficiency upgrades, strategic procurement, renewable development, onsite generation and demand reduction, and manages 1,400,000 MWh of electricity and 1,000,000,000 dekatherms of natural gas.
“We’ve come to know the CSD team over the last few years while working with them on projects across the country,” said Michael Giery, Managing Director of Novo Energy Services. “Their deep understanding of the industry, dedication to quality customer service, and transparent energy management align perfectly with our commitment to bring sophistication and innovation to the energy advisory space. I’m confident our combined teams will offer our clients best-in-class procurement services.”
The acquisition was finalized in December 2022 and will not impact the rates or services for clients of CSD Energy Advisors or Novo Energy Services. CSD Energy Advisors acquired select large commercial and industrial clients from Incite Energy, LLC in 2018.
About CSD Energy Advisors
CSD Energy Advisors was founded in 2014 in Houston, Texas. CSD’s four managing partners have over 75 years of combined experience in both regulated and deregulated energy markets across the U.S. and internationally. CSD’s areas of expertise include electricity and natural gas procurement, wholesale trading, energy structuring, QSE Services, decarbonization strategies, tariff and financial modeling, infrastructure project management, and energy management software implementation. While maintaining a boutique-style approach, CSD Energy serves multiple Fortune 500 companies including three of Texas’s five largest industrial energy consumers. CSD aims for market transparency and leverages its presence and expertise to complement customers large or small. For more information visit www.CSDEnergyAdvisors.com or call (832-754-4883).