SOURCE: Retroficiency, Inc.

Retroficiency, Inc.

January 28, 2014 09:03 ET

Retroficiency Surpasses 1.7 Billion Square Feet of Building Space Evaluated

Building Efficiency Intelligence Platform Now Leveraged Across More Than 15 Utility-Funded Efficiency Programs

BOSTON, MA--(Marketwired - Jan 28, 2014) - Retroficiency, the building efficiency intelligence company for utilities and energy service providers, today announced that it ended 2013 by surpassing more than 1.7 billion square feet of building space evaluated for energy efficiency opportunities. In addition, the company announced that it is now working across more than 15 utility-funded efficiency programs, including three of the five largest utilities by commercial sales in the United States1.

Retroficiency's growth was fueled by market adoption of its Building Efficiency Intelligence (BEI) platform, which included major advancements to its Virtual Energy Assessment (VEA) solution and the launch of Efficiency Track.

"Retroficiency's 2013 market momentum demonstrates that utilities and energy service providers realize they need deeper insights in order to truly scale energy efficiency programs and services," said Bennett Fisher, co-founder and CEO, Retroficiency. "By creating a unique energy model of every building in a portfolio, Retroficiency is helping an increasing number of utilities and service providers to more effectively target buildings, engage customers, convert projects and track opportunities."

Retroficiency Addresses Major Market Need with Breakthrough Product Innovation
Energy consumption, when combined with advanced analytics, can offer significant insights regarding building energy efficiency opportunities before ever going on-site. However, the type of energy use information available varies greatly from building to building and utility to utility, ranging from granular interval meter data to monthly consumption data.

To expand on its market-leading, no touch interval analytics solution, Retroficiency invested heavily in research and development efforts focused on gaining deeper efficiency insights for buildings that only have monthly consumption data. Retroficiency's work resulted in a proprietary, energy model-driven method for rapidly prioritizing customers and determining building-specific opportunities with just monthly consumption data and limited building information.

This first-of-a-kind capability -- now incorporated into the company's VEA solution -- enables utilities and energy service providers to more effectively target and engage customers across their entire building portfolio. Multiple utilities have concurrently deployed VEA's monthly and interval meter analytics at mass scale.

"This breakthrough provides our customers with a more accurate way to identify high efficiency potential buildings than the traditional use of basic benchmarks and building comparisons," Fisher said. "With 30 percent of the buildings typically accounting for 70 percent of the energy efficiency savings opportunity, this is a critical step to streamline program delivery."

In addition, Retroficiency unveiled Efficiency Track to its BEI platform in 2013. Efficiency Track transforms remote building assessments and on-site audits from static events into a dynamic process. The solution scans existing buildings already on the platform for new savings opportunities as efficiency technologies evolve, building conditions change or incentive programs are modified to retarget and re-engage customers. It also measures and verifies savings from implemented measures, which provides confidence that they are performing as expected.

About Retroficiency, Inc.
Retroficiency is the building efficiency intelligence company for utilities and energy service providers. Its proprietary software platform creates a unique energy model of any building to provide actionable insights that enable the fastest, most cost-effective way to target buildings, engage customers, convert projects and track opportunities at scale. Retroficiency is trusted by leading organizations to improve their energy efficiency programs and services and has evaluated more than one billion square feet of building space since March 2011. For more information, please visit www.retroficiency.com.

1 Based on 2012 Energy Information Agency data

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