Smart Buildings

Ecova Acquires Retroficiency for its Building Data Analytics

Boston-based building efficiency intelligence company, Retroficiency, has been acquired by Ecova, which describes itself as a “total energy and sustainability management” firm. Terms weren’t disclosed. Retroficiency developed software that remotely evaluates a building’s energy consumption and potential for efficiency upgrades at an unmatched speed and scale, as well as helping real-estate managers conduct on-site energy audits. The company was founded in 2009 and raised $7.3 million from investors including World Energy (now EnerNOC), Point Judith Capital and angel investors. Retroficiency started out selling its software to real estate firms, commercial property owners, and energy service companies. About two years ago, it shifted to selling mostly to utility companies. Ecova will leverage Retroficiency’s deep expertise and innovative patent-pending technology in building data analytics to drive energy savings and engagement for commercial and industrial customers, both through utilities and directly. “This acquisition strengthens Ecova’s ability to combine data and technology, with people and insight, to drive powerful […]

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