Efficient Energy America (E2America)—whose energy systems are used in chains like McDonalds, Bojangles, and Taco Bell—announced the company’s continued expansion and rapid acceptance of its HVAC control, optimization, and real-time reporting systems for commercial buildings.
The company’s automated, self-refining, wireless, retrofit systems reduce electricity costs, usage, and carbon emissions for commercial enterprises.
The electricity market in the U.S. uses almost four trillion kilowatt hours (Kwhs) of electricity a year, and commercial buildings account for 37 percent of this total, representing an annual $120 billion market. As energy costs and consumption continue to rise, along with the very real probability of even higher electric bills, energy efficiency programs are gaining more widespread support and attention.
E2America helps commercial businesses reduce their energy use, while also saving money. The company is projected to reach $10 million in sales this year—an increase of more than 20 times last year’s revenue. This growth is already attracting the attention of investors and will be driven in part by recent funding of $1 million from Cecil Crawford, an entrepreneurial investor who was also involved in the startup of Ticketmaster.
“As commercial businesses continue looking for ways to save money and increase profitability, E2America’s energy efficiency technology can deliver one of the quickest, easiest ways to directly affect their bottom line,” says Dara O’Neill, E2America CEO. “Our projected revenue growth in the coming year is based on a dramatically increased demand for proven technology that can drastically reduce a business’s energy costs.”
E2America’s technology not only considers the environment inside a building, but also considers the environment a building is in. The system takes into account 19 variables—including external weather data, internal and external humidity, solar heat load, and building occupancy—to ensure maximum thermal comfort in all areas of a commercial building, while also reducing electrical load and usage.
A typical E2America implementation yields ROI in 24 to 30 months. The company currently partners with a number of utility companies and electric cooperatives across the country, including Touchstone Energy Cooperatives, Progress Energy, Duke Energy, and GreenCo Solutions, to offer incentive programs for commercial customers.
“Conservation of electric energy is a top priority for all electric utility companies and most have incentive programs for customers who install energy-saving equipment," Crawford says.
“The energy savings from E2America’s system, coupled with the utility companies’ incentives, give customers an exceptionally short ROI," Crawford says. "Based on the proven capabilities of E2America’s technology and a consistent proven track record of customer satisfaction and savings, there is a huge market potential for E2America.”
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