22 Sep '11, 1pm

FirstFuel Wins $2.4M For Commercial Building Energy Analysis

FirstFuel Software just closed a $2.4 million round from Battery Ventures and Nth Power for the business of analyzing the energy patterns of commercial buildings. While many buiding energy analysis firms have to reach out and "touch" the customer and install some type of sensors and monitoring equipment, FirstFuel Software never has to contact the customer. It's this non-intrusive, touchless process that allows the firm to scale. In the words of the CEO, Swapnil Shah, FirstFuel provides "behind the meter intelligence for the utility without them having to go behind the meter." The firm does this without on-site audits or connectivity to building systems. In fact, the firm suggests that actually meeting with the building manager does not always identify the biggest problems or the real energy bandits in a building. The Process The 16-employee Waltham, Mass.-based startup ha...

Full article: http://www.greentechmedia.com/articles/read/firstfuel-sof...

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