3.24.2008 - 12:15pm ET

(CSRwire) BOSTON, MA - March 24, 2008 - A sustainable solutions investment and advisory alliance has been formed between Clean Energy Venture Group (CEVG) and eQuilibrium Solutions Corporation (eQ), a Boston-based provider of enterprise sustainability management software and services. CEVG, a clean energy technology investment group comprised of seasoned energy and environmental executives, announced their participation in eQ's funding, and the participation of CEVG Managing Director, Ralph Earle III, as Board Observer in support of the company's efforts to deliver an Enterprise Carbon Management (ECM) software application targeted at the growing global demand that companies evaluate, manage, and accurately report their greenhouse gas inventories.

In alpha release now, and scheduled for general availability in Q2 2008, the ECM application incorporates all critical aspects of greenhouse gas inventory management, deployed via eQuilibrium's web-centric, on-demand Enterprise Sustainability Management (ESM) platform, analytic tools and integrated services. This collaboration continues CEVG’s focus on investment in technologies that will enable sustainable global management of the environment.

"CEVG is pleased to participate in the initial funding of eQuilibrium" noted Mr. Earle, founding principal at Clean Energy Venture Group. "We believe that this enterprise solution will be a critical factor in helping Fortune 500 companies successfully manage carbon emissions reductions."

"Our mission is to invest in and catalyze solutions to the challenges presented by climate change and building sustainable economies," said David Miller, executive managing director of CEVG. "The world's leading corporations are ready to operationalize sustainability, and energy management is the right place to begin. The eQuilibrium approach gives them the right tools at the right time."

In addition to the ECM application, the CEVG investment will also contribute to the development of future modules addressing Corporate Responsibility, Sustainable Supply Chain, Energy Efficiency, and Enterprise Product Stewardship.

"As environmental, business and regulatory issues continue to mount, carbon and related dimensions of corporate sustainability management demands are growing increasingly complex," said Gopal Nagarajan, CEO and cofounder of eQuilibrium. 'We chose to align with the thought leadership of Clean Energy Venture Group in recognition of their domain expertise, and dedication to a sustainable future. While we are certainly honored to have them as investors, Ralph Earle and his team will provide invaluable perspective to our product direction, as well."

To learn more about this joint offering, contact:

About eQuilibrium Solutions

eQuilibrium Solutions Corporation(TM) develops a comprehensive suite of enterprise sustainability management products and services designed to dramatically reduce the time and expense of managing, measuring and monitoring Enterprise Sustainability performance. Headquartered in Boston, MA, eQuilibrium is committed to helping leading organizations worldwide increase shareholder value while creating a healthier, sustainable global community. To learn more about eQuilibrium's products and services, please visit us at www.equilibrium.net.

About Clean Energy Venture Group

Clean Energy Venture Group is an angel investment group focused on providing early stage capital and strategic management expertise to emerging clean energy technology companies. The group is comprised of prominent energy and environmental professionals including Ralph Earle III, Managing Director of Assabet Group; Daniel Goldman, currently EVP and CFO of GreatPoint Energy and previously co-founder of New Energy Capital, and David Miller, Ph.D., Executive Managing Director of CEVG, New England Chapter Leader of Environmental Entrepreneurs and previously Director in the New Ventures Group at Lucent Technologies and President and CEO of Quantum Telecom Solutions.

About Ralph Earle III

Mr. Earle is founder and Managing Director of the Assabet Group, an environmental strategy consultancy based in Concord, MA. He has created innovative, business-based solutions to corporate environmental problems for over two decades, authoring numerous studies on environmental strategy, environmental management, recycling, and life cycle analysis.

Prior to The Assabet Group, Mr. Earle was founding Director of the Alliance for Environmental Innovation, a project of Environmental Defense and The Pew Charitable Trusts. The Alliance's projects with SC Johnson, Starbucks, and United Parcel Service have been widely hailed as an example of positive environmental change.

Prior to the Alliance, Mr. Earle led Arthur D. Little's Competitive Environmental Strategy practice, helping corporations integrate environmental considerations into their long-term decision making processes.

Mr. Earle also served as Assistant Secretary of Environmental Affairs for the Commonwealth of Massachusetts.

For more information please contact: