FirstFuel Software, a commercial building energy analytics company, has closed a $10 million round of financing. RockPort Capital led the round and was joined by existing investors Nth Power and Battery Ventures.
Todd Wilson (Partner, RockPort Capital): Non-residential buildings provide a massive opportunity for energy efficiency.
In addition to their work with some of the leading utilities in the U.S., FirstFuel was recently selected by the DoD’s Environmental Security Technology Certification Program (ESTCP) to demonstrate their technology and savings impact on military installations. The DoD will implement FirstFuel’s RBA platform to perform zero-touch energy performance analysis, quickly identifying opportunities to significantly reduce the more than $4 billion spent on energy per year.
Rodrigo Prudencio (Partner, Nth Power): Commercial buildings represent an enormous energy efficiency opportunity around the world and we believe FirstFuel can be the undisputed leader in this market.