Start-Up Bolsters Energy Efficiency Investing

Start-up energy measurement firm Noesis Energy announced yesterday that they will offer a new matchmaking service that helps building managers connect with financial institutions who will offer financial packages to pay for energy efficient upgrades. The company’s goal is to increase the amount of capital available to fund energy efficiency projects by supplying more data and creating industry standard efficiency metrics that that will deliver a predictable return on investment to investors.

So far, Noesis has signed up four financing companies to offer packages as part of its service, including BluePath Finance, Metrus Energy, TIP Capital and Vireo Energy.

The new service is available to 10,000 subscribers of Noesis’s free energy management reports as well as customers of Noesis Pro, a premium service for large corporations. The financing partners who are part of the matchmaking service pay for access to investment opportunities and receive software that helps them analyze energy efficient projects.

Founded in 2011, Austin-based Noesis received $8 million in Series B venture funding last September from backers Black Coral Capital and Austin Ventures and has raised $14.5 million in venture capital to date.

To read the press release, click here


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