Energy and Power Solutions raises $20M for energy efficiency
Energy and Power Solutions is one of a growing breed of businesses that assist larger companies in cleantech and energy efficiency initiatives.
The Costa Mesa, Ariz. company can install green power generation systems, or advise its clients in how to do so. It also handles carbon rebates through its Rebate XChange.
Large corporations including Dean Foods, Miller Brewing, Tyco and UPS have signed up for its services, according to the company’s release.
The $20 million first investment in the company was led by NGEN Partners and Robeco Groep, a fund in the Netherlands.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.