Energy Management Software Has VCs Interested
The nearly five million commercial and industrial facilities in the United States account for nearly half of all domestic energy consumption, at a cost of over $200 billion each year. But according to Chris Pacitti, general partner at venture capital firm Austin Ventures, only five percent of that market has adopted sophisticated energy management tools. Investors are taking notice.
Software-based cleantech like energy management software (EMS) is a fast-growing segment as interest in hardware-based cleantech wanes. Leading EMS vendors like C3 and Hara offer tools that allow organizations to measure their energy consumption and, often, identify operational inefficiencies. That can lead to savings in energy consumption as well as real dollars, a fact that’s attracting some business owners’ attention.
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