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eEnergy Invests in UK Smart Metering Business (Int'l. Report)
eEnergy Group
Date: 2021-04-19
In the UK, London-headquartered energy efficiency-as-a-service provider eEnergy Group is reporting a £ 0.13 million investment in newly-formed smart metering measurement equipment and analytics business eEnergy Insights (EIL).

The investment, which was in the form of loan notes and a nominal equity investment resulting in a 33 pct equity interest, Includes proprietary hardware and software enabling customers to analyse and monitor itemised, or 'behind-the-meter', energy usage data via a live cloud portal. The investment will allow eEnergy to offer its customers validation of energy savings delivered on their energy efficiency projects, and facilitate additional efficiencies through a metering-as-a-service proposition. (Source: eEnergy Group, PR, Apr., 2021) Contact: eEnergy Group,

More Low-Carbon Energy News eEnergy Group news,  Energy Management news,  Energy Efficiency news,  

Energy Efficiency Leader Redaptive Secures $156.5Mn (Funding)
Date: 2020-10-09
San Francisco-based energy efficiency-as-a-service provider Redaptive Inc. reports closing on $156.5 million in funding led by CarVal Investors. Existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital also invested in the company alongside CarVal. The new funding will be used to expand the company's energy efficiency offerings.

Redaptive enables energy efficiency retrofit programs without upfront capital and guarantees results using directly measured building data. Redaptive's guaranteed energy and cost savings, risk management, and program funding have enabled over $380 million in sustainability projects and a total energy reduction of 1.1 billion kilowatt-hours -- equivalent to approximately 778,000 metric tons of CO2 or 1.8 million barrels of oil consumed.

The company's offerings include energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems, including boilers, chillers and rooftop units. With this funding, the company will be able to deploy over $1 billion in new projects, according to the release. (Source: Redaptive Inc., Website PR, 7 Oct., 2020) Contact: Redaptive Inc., Arvin Vohra, CEO, 415-413-0445,

More Low-Carbon Energy News Redaptive,  Energy Efficiency,  Energy Efficiency-as-a-service ,  

Metrus Energy, Wells College Ink Efficiency Agreement (Ind. Report)
Metrus Energy,Wells College
Date: 2018-09-19
San Francisco-headquartered water and energy efficiency financing provider Metrus Energy is reporting an Efficiency Services Agreement (ESA) project with Wells College in Aurora, New York. Work is slated to get underway this month for completion in the second half of 2019.

The project is Metrus' first energy efficiency-as-a-service transaction with a higher education customer and will focus on creating a more comfortable living and learning environment. The energy efficiency work includes campus lighting, comfort control upgrades, building envelope, steam traps and significant new HVAC controls, all of which will result in an approximate 14 pct reduction in total electricity consumption and a 28 pct drop in fossil fuel consumption.

Previously this year, the Association for the Advancement for Sustainability in Higher Education (AASHE) recognized Wells' sustainability work with a AASHE STARS gold rating. (Source: Metrus Energy, PR, Wells College, Web, 18 Sept., 2018) Contact: Metrus Energy, Bob Hinkle, CEO,

More Low-Carbon Energy News Metrus Energy,  Energy Efficiency,  

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