SOURCE: Retroficiency, Inc.

Retroficiency, Inc.

July 15, 2013 09:01 ET

Efficiency Maine Trust Selects Retroficiency and Energy & Resource Solutions for Building Efficiency Innovation Program

Retroficiency and ERS to Demonstrate the Ability of Analytics to Rapidly Drive Building Energy Efficiency Savings

BOSTON, MA and AUGUSTA, ME--(Marketwired - Jul 15, 2013) -   Retroficiency and Energy & Resource Solutions (ERS) today announced that the companies will partner to deliver an Efficiency Maine Innovation Program. The one-year pilot program will leverage electric interval consumption and building asset data analytics to drive more effective energy efficiency program engagement and participation across a portfolio of small and medium commercial buildings.

"Efficiency Maine is excited to support this Innovation Program to explore ways that small and medium business customers can use smart meter data to save energy at their facilities," said Michael Stoddard, Executive Director, Efficiency Maine. "We like to 'test drive' new uses for technology before we make a commitment to incorporate it into the statewide energy efficiency programs, and we believe data-driven insights from Retroficiency's platform, combined with ERS' program management capabilities, may have the potential to save energy more quickly and at a lower cost."

Retroficiency's Building Efficiency Intelligence platform will underpin a closed-loop process for energy efficiency program targeting, customer engagement, project conversion, and efficiency tracking. The process for this program will include:

  • A no touch Virtual Energy Assessment leveraging interval consumption data and a property address to prioritize building portfolios and engage customers with operational and retrofit opportunities that exist in each building
  • A rapid, comprehensive on-site audit of high potential buildings conducted by a select group of Efficiency Maine Qualified Partners, using Retroficiency's Automated Energy Audit application, optimized to convert real projects and maximize savings
  • Post-implementation savings tracking and a re-evaluation of buildings to determine if new opportunities exist

ERS will support the entire energy efficiency program management process, including customer recruitment, communicating opportunities identified through the virtual assessments, and developing specific projects through the audit and by working with local contractors to ensure execution.

"Utilities and efficiency program administrators like Efficiency Maine are increasingly seeking to leverage available consumption and asset data to drive energy efficiency programs at scale," said Bennett Fisher, co-founder and CEO, Retroficiency. "We applaud Efficiency Maine's support of analytics-based efficiency evaluation and are excited to be working with a leading program implementer like ERS to demonstrate the value of this approach."

"ERS continuously strives to find new and innovative techniques to help us manage energy efficiency programs across large portfolios," said Bruce Harrington, vice president, ERS. "Advanced analytics offers an important tool to rapidly evaluate customer potential and fully develop measures on an ongoing basis."

Two businesses -- East Brown Cow Property Management, a real estate management, investment and development company, and Norway Savings Bank, a community bank providing personal and business services -- have already committed to participating in the program. These organizations have more than 40 small-and-medium-sized buildings throughout Maine. Additional buildings are currently being recruited to participate.

"East Brown Cow Management is always interested in learning about evolving technologies in the pursuit of finding new ways to be more energy efficient," said Todd Dominski, property manager, East Brown Cow Property Management.

About Retroficiency, Inc.
Retroficiency enables utilities and energy service providers to drive energy efficiency savings at scale. Its Building Efficiency Intelligence platform develops deep building insights that enable fast, cost-effective, and accurate building targeting, customer engagement, energy auditing, and dynamic tracking for new opportunities. Retroficiency is trusted by some of the largest utilities and energy service providers in the world. For more information, please visit www.retroficiency.com.  

About ERS
ERS is a progressive energy consulting firm with an established reputation for innovative project development and energy assessment work in the area of commercial and industrial energy efficiency. Since 1995, we have been providing services in energy program design, implementation, evaluation, and incentive management as well as custom energy studies and sustainable building development. Our thoughtful and inventive energy solutions help improve efficiency, maximize economic competitiveness, and minimize environmental impacts for our utility, business, and industrial clients. Our staff of nearly seventy members includes professional engineers, certified energy managers, and LEED-accredited professionals that serve clients from our offices in Massachusetts, Oregon, Maine, New York, Texas, and California.

About Efficiency Maine
Efficiency Maine is an independent trust dedicated to promoting the efficient and cost-effective use of energy in order to save money for Maine residents and businesses, grow the economy, and create jobs. Efficiency Maine's energy-saving programs reduce the use of electricity and heating fuels through energy efficiency improvements and the use of cost-effective alternative energy. Efficiency Maine's programs deliver Maine's lowest-cost energy resource through a combination of technical assistance, cost-sharing, training, education and awareness programs.