Positive Energy snags $14M for energy efficiency data
Positive Energy, an Arlington, Va. company that gathers energy usage data for homeowners — distinguishing the most efficient homes — took in $14 million in second-round funding from New Enterprise Associates. Quarterly reports show clients how to save energy and have already produced reductions in energy demand up to 2 percent per household, the company says. It also offers web tools like carbon calculators to help homeowners gain a better understanding of their consumption habits.
Positive Energy raised $1.5 million in a first round of funding last summer from angel investors. New Enterprise Associates has taken a special interest in the cleantech sector as of late, especially in the area of energy efficiency.
Next Story: MyMedicalRecords defies IPO freeze with Favrille merger
Previous Story: Online ‘Conchords’ gathers flock of over 250,000 views
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.