Energy & Power Solutions, which helps manufacturing businesses reduce their energy usage and greenhouse gas emissions, said it has raised $20 million in a Series A funding. The Costa Mesa, Calif.-based company’s funding was provided by NGEN and Robeco Group. Investment bank Windstone Capital Partners put out the release, as they helped Energy & Power Solutions raise the round (guess the transaction partner wanted some of those green PR brownie points, too!).
The company was founded in 2001 by Jay Zoellner, Shiva Subramanya, Staffan Akerstrom and George Botich, and counts, according to the release, several big names among its customers, including Tyco, UPS, Miller Beer and Dean Foods.
Helping manufacturers and corporate customers alike reduce energy consumption, as well as make money off of reducing carbon emissions, is a rapidly growing business. We recently chatted with Carbonetworks, which sells software to help companies create carbon emissions strategies. And today IBM released greenhouse gas emissions-metering software called GreenCert, made in collaboration with Enterprise Information Management Inc. and Evergreen Energy Inc. Carbon for cash.