Leading source of energy use intelligence delivers value to
impressive client roster, positions for rapid growth in 2014
LEXINGTON, Mass.--(BUSINESS WIRE)--
Software, the world’s trusted source of energy use intelligence,
today announced that its Remote
Building Analytics (RBA) platform is now deployed at more than 15
North American utilities and government agencies, which are using the
FirstFuel platform to find and deliver more than $250 million in annual
energy reduction opportunity. The milestone marks a key achievement for
FirstFuel, which recorded 300 percent growth in 2013 from the prior year.
FirstFuel is now firmly positioned as the leader in energy analytics,
with a customer list that includes the nation’s largest utilities
agencies. Among these is the United
States General Services Administration (GSA), which selected
FirstFuel to target, uncover and continuously monitor energy savings
across nearly 125 million square feet of commercial property. FirstFuel
has already found $14 million of an expected $40 million in energy
savings opportunities, while reducing GSA’s building analysis costs by
$13 million. In addition, the Washington,
D.C., Department of General Services (DC-DGS), for which FirstFuel
has already uncovered $3 million in low/no-cost operational savings
opportunities, is on track to achieve an aggressive target to reduce
energy consumption by 20 percent in 20 months.
Also in 2013, FirstFuel
announced $8.5 million in series B financing from new and existing
investors, bringing its total financing to $21 million to date and
bolstering support to expand the RBA platform and continue expansion
into other parts of North America and beyond. E.ON, one of the world’s
largest utility holding companies serving more than 26 million customers
worldwide, was a strategic investor in the most recent round.
“We are proud of the work we have done this year and give sincere thanks
to our customers and partners, both new and old, for helping us make
significant progress in 2013,” said Swap Shah, CEO and co-founder of
FirstFuel Software. “We look forward to another busy year and anticipate
an even faster trajectory of adoption in 2014 as we improve our SaaS
analytics platform and expand our presence worldwide to encourage
massive energy savings.”
FirstFuel’s RBA platform is the industry’s first unified, remote
analytics platform spanning entire commercial building portfolios and
supporting every stage of the energy efficiency and demand reduction
lifecycle—from building portfolio screening and auditing to customer
engagement and continuous energy performance monitoring—without
requiring onsite audits or installed devices. Leveraging interval or
monthly utility meter data, the RBA platform has led the design of
groundbreaking new customer lead generation, retro-commissioning (RCx),
and whole-building M&V programs for utilities and government agencies.
FirstFuel Software is the trusted source for energy use intelligence.
FirstFuel helps customers deliver scalable energy efficiency through the
Remote Building Analytics platform, which uses advanced meter data
analytics to identify, enable and track energy efficiency savings behind
the meter in commercial buildings - all without onsite visits or device
installations. Designed to be rapidly and cost-effectively deployed
across hundreds or thousands of commercial buildings, FirstFuel changes
the scale at which the sector can achieve its energy efficiency goals.
Founded in 2009 and privately held, FirstFuel is headquartered in
Lexington, Mass. For more information, please visit www.firstfuel.com.
Version 2.0 Communications for FirstFuel
Source: FirstFuel Software