We are committed to shifting the energy paradigm from a model based on fossil-fuels and excess demand to clean and efficient generation for all.

Joule Assets actively empowers communities, businesses, investors, and individuals to capitalize on Sustainable Energy Assets in the U.S. and Europe by expanding small customer market access, encouraging community-scale clean energy programs and facilitating energy efficiency markets. Based on years of regulatory expertise, market intelligence, and performance-based financing knowledge, Joule negotiates cheaper, cleaner energy supply on behalf of communities in NY State. In Europe, Joule supports the access to financing for efficiency and renewables projects, catalyzing the marketplace for project developers and investors. Each business unit–Joule Community Power and Joule Europe–supports Joule’s overarching mission to shift the energy paradigm towards clean and efficient energy for all.

 

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Municipalities

Joule Community Power is leading the energy paradigm shift in NY State by providing access to cheaper energy options and guiding municipalities and residents towards local energy independence and 100% clean energy. Joule’s first-of-kind, integrated program pools local demand to broker cheaper energy supply contracts for residents and small businesses.

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Solar Developers

Build quickly and operate profitably. Across NY State, Joule offers rapid customer acquisition for solar developers at scale. Contact us to learn more about decreasing customer acquisition costs, facilitating allocations, and gaining financiers or assurance.

Energy Service Companies

Joule Assets Europe works with energy service companies (or ESCOs) to access appropriate project investment by providing third-party valuation, performance insurance, project certification, and due diligence. Through the LAUNCH project, we seek to influence policy that accelerates deal closure and pipeline growth for sustainable energy assets through standardized investor-grade energy performance contracts, and risk assessment protocols. Contact us to access or pilot the sales and due diligence tools developed for ESCOs and project developers.

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Research and Innovation for Public and Government Agencies

Joule contributes to several European-funded Horizon 2020 projects that shape policy impacting the sustainable energy and sustainable finance sectors, including Novice, EuroPACE and LAUNCH.

In the U.S., as a consultant to NYSERDA (New York State Energy Research and Development Authority), Joule develops Community Choice Aggregation (CCA) resources, performs research, designs programs, and creates stakeholder tools.

Business Clients

Joule offer a Capacity Tag Management Program for eligible U.S. business customers. This program has enabled Joule’s current commercial customers to save more than 20% on electricity costs by helping them manage—with minimal operational effort—their electricity consumption during peak usage hours.


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MEET THE TEAM

 
 

Founder &
Chief Strategy Officer

Joule Assets

 

Chief Executive Officer

Joule Assets

 
Gregg Lerman

Senior Vice President

Joule Assets

 
 
 

VP, Business Development &
Chief Legal Officer

Joule Assets

 

VP. Marketing

Joule Assets

 

Director

Joule Assets

 
 
 

European Director

Joule Assets Europe

 
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Director, Community Choice Aggregation Operations

Joule Community Power

 
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Director, Municipal Relations & Outreach

Joule Community Power

 
 
 
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Digital Marketing & Communications Officer

Joule Assets Europe

Marketing Manager

Joule Assets

Corporate Services &
HR Manager

Joule Assets Europe

Regulatory Affairs Manager

Joule Assets

 
 
 
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Municipal Relations &
Outreach Associate

Joule Community Power

Business Development Associate

Joule Assets Europe

 

OUR STORY


Joule’s principals, CEO, Mike Gordon, and Managing Director, Jessica Stromback, share a history of advancing policy to create and grow the marketplace for sustainable energy assets.

Mike Gordon is considered a founder of the Energy Reduction Asset (or “ERA”) class, a “founding father” of the demand response industry and a key player in the introduction and development of the U.S. community choice aggregation (or “CCA”) market. In 1981, as leader of the New York Public Interest Group’s (NYPIRG) “Fuel Buyers Group,” Mike founded and then scaled the nation’s first heating oil buying collective. The movement, still active today, saves northeast consumers hundreds of millions of dollars per year. In 2000, Mike founded ConsumerPowerline (later “CPower”), the first demand response aggregator in the U.S., pioneering what is now annually a $2 billion industry and earning the Ernst & Young’“Entrepreneur of the Year” award. In 2015, Mike was elected Founding Chair of Sustainable Westchester’s Board of Directors. Adhering to Mike’s program design, Sustainable Westchester implemented NY State’s first CCA program. Mike continues to ideate on market evolution, innovate company solutions and develop program and policy guidance materials for NYSERDA.  

Jessica Stromback founded SmartEN in 2010 and has since continued to play a pivotal role. While acting as SmartEN’s Executive Director, Jessica successfully lobbied for the active participation of flexible demand side resources in European electricity markets, to ensure consumer benefits, increase security of supply, and reduce carbon emissions. Today SmartEn’s member base represents more than 150 million European consumers. In 2016, Jessica joined Joule Assets to help develop an investment portfolio of European ERA projects. She now oversees the company’s work from its NY office, leading Joule’s teams that engage municipalities, regulators and project developers on both sides of the ocean.


 

JOULE IS PROUD TO GIVE BACK


Joule Community Power has established a community solar program that gives back to the community and enables subscribers who support clean energy generation to spend less on electricity. Subscribers save up to 10% annually on electricity by supporting renewable energy. We support your community by funding future local sustainability efforts based on program enrollment.

In response to the impact of COVID-19 in our partner communities, we are raising money,  in partnership with these communities, through our community solar program.  Learn more about what we are doing in the Hudson Valley and Rockland County.

 

ACHIEVEMENTS

Joule provides peak demand management services to 600+ Target stores.


60+ Target stores in NY State.

Target saved more than $1.5 million in 2019.
— December 2019

LAUNCH hosts Investor Board in Europe.


Includes 25+ institutional investors and finance professionals.
— November 2019

Joule launches its first community choice program.


Hudson Valley Community Power

25,000+ households in 10 municipalities:
Cities of Beacon and Poughkeepsie; Towns of Clinton, Fishkill, Marbletown, New Paltz, Philipstown, and Red Hook; Villages of Cold Spring and New Paltz.

First CCA in NY State to identify specific renewable sources.

All municipalities select 100% renewable energy as the default electricity supply for residents.
— July 2019

Joule leads LAUNCH Horizon 2020.


LAUCH Horizon 2020

Project consortium comprising TNO, BNP Paribas Fortis, EnerSave Capital, and New Energy Group.

EU-funded project that aims to accelerate deal closure and pipeline growth for Sustainable Energy Assets.
— May 2019

Joule launches community solar pilot.


Geneva Community Power

Town-endorsed community solar program offering guaranteed savings to subscribers.

Generated $25,000 in funding for community sustainability projects.
— January 2019

Joule participates in EuroPACE Horizon 2020.


EuroPACE Horizon 2020

Project to develop a financing mechanism for sustainability projects in Europe.

Based on the PACE financing model launched in California in 2008.
— March 2018

The eQuad Investment Platform helps energy efficiency project managers in Europe gain access to approprate project finance.


eQuad Investment Platform

Developed within the SEAF Horizon 2020 project.

Lowers upfront due diligence costs for investors.
— March 2018

Joule is the first non-utility to gain grid operator (NYISO) approval for residential demand response.


Smart thermostats, electric vehicles, and battery storage can generate revenue by providing valuable resources to the grid.

Joule principals pioneered the first operational CCA program in NY State.


Under Westchester Power’s first contract, customers saved more than $17 million.
— 2017

CONTACT US

 
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