Company: RockPort Capital
Source: Mass High Tech
Utility bills have always been a drag; but not until recently have they been a panic.
Homeowners are not content to turn off the lights or turn down the thermostats; they want to know where they are using energy, when and how much — right down to the appliance. And just as consumers are eager to control their energy use, investors are more interested in the energy management startups developing the technology to attract these consumers.
“Efficiency was kind of an unattractive orphan,” when the New England Clean Energy Council (NECEC) formed in early 2007, said NECEC president Nick d’Arbeloff. It just didn’t have the flash of wind or solar power. “But now it’s a very attractive investment target.”
“A huge part of the energy story is in home statistics,” said Chuck McDermott, a general partner at RockPort Capital Partners in Boston. “I think 40 percent of the energy we generate is to heat, light and cool homes; so if you improve the efficiency of homes by 10 percent, you’re talking about eliminating big power plants.”