Logical Buildings

Energy Technology Savings, Inc. specializes in advanced energy solutions aimed at enhancing efficiency and sustainability for buildings across the residential and commercial sectors. Founded in 2012 and headquartered in Livingston, US, Energy Technology Savings, Inc. focuses on energy management through technology solutions.

The company has engaged in 4 deals, with the most recent one occurring on March 28, 2023, when it raised USD 110 mn in VENTURE DEBT funding from Keyframe Capital Partners. The total amount raised by the company stands at USD 10 mn. Bradford Klatt is recognized as the founder. Energy Technology Savings, Inc.

offers advanced energy technology solutions designed to improve efficiency and sustainability in buildings. Their primary products include SmartKit, a software tool for monitoring energy usage and emissions, and GridRewards, an app that encourages users to lower energy consumption during peak times, benefiting both their finances and environmental efforts. The company serves a diverse clientele, including property management firms and real estate developers, particularly in urban markets such as New York City. The company generates revenue primarily through subscription models for its SmartKit and GridRewards platforms, enabling clients to effectively manage their energy consumption.

This revenue structure includes subscriptions and potential income from partnerships in demand response programs and utility services. Pricing plans are tailored to meet the unique needs of both individual residences and larger commercial operations. Following the recent funding round on March 28, 2023, where Energy Technology Savings, Inc. secured USD 110 mn in VENTURE DEBT, the company plans to utilize these resources to support its Virtual Plan Projects targeting multifamily residential buildings in New York City and New Jersey.

The firm aims to enhance its market presence and expand its offerings in these regions.