FirstFuel Gets $2.4m Funding Boost for ‘Zero-Touch’ Energy Audit Software
FirstFuel Software has secured a $2.4 million initial round of financing to quickly scale and accelerate adoption of its Rapid Building Assessment platform, which provides remote, âzero-touchâ analysis of the energy performance of commercial buildings.
Rapid Building Assessment (pictured) enables utilities to assess their commercial customers energy usage, recommending operational and retrofit opportunities to generate significant energy efficiency savings, without on-site visits or connectivity to building systems, which should save customers time and money, the software company says.
The program collects information on hourly energy usage and compares it to local weather and climate data to build a picture of the building it is analyzing.
With this information RBA can benchmark the building against other similar buildings and recommend energy conservation measures and retrofit opportunities.
Energy engineering and consulting firm The Cadmus Group has field tested the FirstFuel RBA platform to compare its approach to remote building analysis against a traditional on-site ASHRAE Level 2 energy audit for a school.
The field test found that FirstFuelsâs recommendations concurred with the on site assessment; that the softwareâs energy end-use statistics were within 10 percent of on-site calculations and that these results were achieved at âa fraction of the time and cost of on-site engineering analysis and metering,â according to FirstFuel.
The financing comes from Battery Ventures and Nth Power, with participation from individual investors.
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