Nexant Inks Landmark Energy Efficiency Contract in Mongolia

WASHINGTON--(BUSINESS WIRE)--Nexant (www.nexant.com) announced today it has been awarded a contract by the Millennium Challenge Account – Mongolia, sponsored by the Millennium Challenge Corporation (MCC), to provide technical support and consulting services to the Millennium Challenge Energy Efficiency Innovation Facility (MCEEIF). MCEEIF represents an important step in Mongolia’s implementation of a successful energy efficiency strategy that addresses air pollution, leverages energy-efficient products, and delivers appropriate incentives.

MCEEIF will provide consumer subsidies for purchasing energy-efficient, low-emission technologies and dwellings in Mongolia’s capital of Ulaanbaatar and technical assistance to assess the viability of the selected technologies. Nexant’s role will be to develop an enforceable subsidy regime to promote the adoption of energy-efficient and low-emission homes and home appliances.

Nexant will field a team of internationally renowned cold-weather and built-environment experts who will conduct appliance-testing activities and perform cost-benefit and market analyses to recommend a best-practice subsidy program that can be easily implemented and monitored. The company’s nine-month engagement is designed to contribute to a measured reduction in air pollution while also reducing energy consumption and improving human health and the environment.

“We are very excited about this opportunity to support MCEEIF, which represents our first MCC contract,” says Nexant Vice President Richard Smith. “We believe that we are uniquely positioned to provide tailored technical assistance to Mongolia’s residential market and look forward to working with MCEEIF to successfully foster the adoption of energy-efficient and low-emission products in Ulaanbaatar.”

About the Millennium Challenge Corporation

MCC is an innovative and independent U.S. foreign aid agency created by the U.S. Congress to help lead the fight against global poverty. It forms partnerships with some of the world’s poorest countries—but only those committed to good governance, economic freedom, and investing in their citizens. MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth. MCC grants are designed to complement other U.S. and international development programs. The agency has approved over $7.4 billion in programs worldwide to support country-determined projects in sectors such as agriculture, transportation, water supply and sanitation, and health access.

About Nexant

Nexant, Inc. is a premier provider of software and consulting services for the next-generation intelligent grid and clean energy solutions. For the last decade, it has been developing and commercializing technology solutions—such as TrakSmart®, GridSmart®, HEDGE®, COMET®, and RevenueManager™—enabling utilities, power producers, and retailers to operate and deploy new technologies and applications in the emerging grid. Operating from 30 offices in the U.S., Europe, the Middle East, Asia, and Africa, the company's team of industry professionals has completed more than 2,500 client assignments in over 100 countries, and its software operates in over 120 control centers at utilities worldwide. Its clients include major utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and Fortune 500 companies. For additional information, please visit www.nexant.com. Media Contact: Bob Burdett, Tel: +1 415 369 1114.
Contacts

for Nexant
Bob Burdett, +1-415-369-1114 begin_of_the_skype_highlighting +1-415-369-1114

Source:www.businesswire.com