Rite Aid Latest High-Profile Client For Energy-Cost Manager Ecova

By Heather Clancy, contributing editor, SmartPlanet

This week, drug store chain Rite Aid became the latest high-profile client for Ecova, a provider of energy management technology and services that are used by almost 40 percent of the largest retailers in North America.

The company's value proposition is that it can help retail concerns and hospitality companies at least 10 percent in energy costs, simply by helping them get a better handle on what is being spent and where and how. I'll share more about one of its most successful long-term relationships in a moment, but first, the specifics of the Rite Aid deal.

The agreement provides for Spokane, Wash.-based Ecova to monitor energy consumption at about 4,700 Rite Aid pharmacy locations, with the intention of helping the company reduce power usage. The Ecova dashboard will provide analytics toward that end, helping identify best practices across the company and then working to help apply them across as many locations as appropriate.