Retail News Breaks Archives
Energy use specialist enlisted by Rite Aid
December 13th, 2011
SPOKANE, Wash. – Rite Aid Corp. has tapped Ecova, an energy and sustainability solution provider, to to provide utility expense and energy management services.
Ecova said Tuesday that it will assist Rite Aid in monitoring, understanding and reducing energy use at its approximately 4,700 drug stores nationwide.
Focusing on cost savings and expense management in its facilities, Rite Aid has deployed Ecova's integrated energy management solution. Ecova said its utility expense management service will give Rite Aid a better grasp of its energy consumption and spending using aggregated billing information that provides actionable insights across Rite Aid pharmacies, and the company will leverage data-driven insights to help Rite Aid cut energy use and cost, paving the way for further improvements.
"The first step in better energy management is having a solid, tested and reliable data set about the amount and types of energy being used across our stores," Paige Miller, senior manager of energy and environment at Rite Aid, said in a statement. "Ecova brings a depth and breadth of experience, unique client focus and integrity to their work. Together, we'll be able to improve our cost savings and environmental footprint companywide.”
Ecova said it supplies Rite Aid with rate monitoring and optimization to ensure that the drug chain is paying the lowest cost available across hundreds of utility territories. Using actual site energy consumption data and proprietary utility tariff models, Ecova evaluates and recommends optimum energy rate options plus energy-related tax options. Data is provided to Rite Aid via customizable dashboard reporting.
"Our mission is to help large, multisite companies like Rite Aid understand their energy use and how they can leverage that data to save money and improve performance," stated Jeff Heggedahl, chief executive officer of Ecova.
Ecova added that it has worked with nearly 40% of North America's large retailers, including CVS, Supervalu, Dollar Tree, Food Lion and Harris Teeter in the food/drug/mass retail channel.