SPOKANE, Wash. — Ecova, an energy and sustainability management company, announced that it has acquired Retroficiency, a leading building efficiency intelligence company. Ecova said it will leverage Retroficiency’s expertise and patent-pending technology in building analytics to drive energy savings and engagement for commercial and industrial customers, both directly and through utilities. Retroficiency analyzes meter data and available building information to create energy models of buildings that accurately identify energy efficiency and demand savings opportunities.
“This acquisition strengthens Ecova’s ability to combine data and technology, with people and insight, to drive powerful results for utility customers, commercial clients, and the environment,” said Jana Schmidt, president and CEO of Ecova. “It also emphasizes Ecova’s commitment to analytics-driven customer engagement for utilities; and enhances Ecova’s dedication to help commercial clients reduce energy consumption across their portfolio of sites.”
“Retroficiency’s leading building analytics capabilities, combined with Ecova’s vertical market expertise and energy efficiency program delivery, will enable customers to quickly identify and implement energy efficiency opportunities within their buildings,” said Bennett Fisher, CEO and co-founder of Retroficiency. “We’re very excited for this union between our two companies and know the market will be too.”
As a leading utility energy efficiency program implementer, Ecova said it serves nearly 50 utilities across the U.S. and has delivered more than 108 terawatt-hours of energy savings over the past 11 years. For Ecova’s broad base of commercial and industrial clients, this acquisition enables remote analytics for buildings in Ecova’s energy and sustainability management portfolio of over 700,000 sites.
For more information about Ecova, visit www.ecova.com.
For more information about Retroficiency, visit www.retroficiency.com.
Publication date: 10/27/2015