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Strategic Ventures Impact Insights: June 2023 (Volume 1, Number 6)

SVR Global

01 Jun 2023

June 2023 (Volume 1, Number 6)

Climate change and net zero mandates are driving demand in the energy efficiency space. CircuitMeter provides a turnkey solution for commercial, industrial, institutional, and high-density residential energy analytics. CircuitMeter’s platform features real-time (2-second) energy data with integrated, cyber-secure internet communications, and powerful energy analytics enterprise software businesses that enable a host of best practices in energy management that will increase energy efficiency and lower operating costs.

CircuitMeter provides both the expertise and the submetering hardware and software to provide optimized energy data analytics:

  • $4B energy submetering market in 2020 is projected to exceed $20B by 2030 and continue a steep growth path

  • CircuitMeter’s unique offering contains a wealth of Intellectual Property that differentiates it from older technologies in the applications driving market growth

  • Installations across the globe: Canada, United States, United Kingdom, China, and more

  • Installed high-profile Net Zero buildings (retrofit and new construction) and selected as the energy data platform for large multi-site organizations in commercial and industrial sectors.

For further information on CircuitMeter or to arrange a call with the CEO, Paul Mertes, please contact Mitchell Hauser.

What is Energy Management and Monitoring?

Energy management is the proactive and systematic monitoring, control, and optimization of an organization's energy consumption to conserve use and decrease energy costs. Energy management systems (EMS) utilize technology, such as utility tracking software and enterprise management software, to predict energy usage, plan budgets, and analyze energy data for better facility management.

The increased focus on effectively controlling energy consumption across commercial, industrial, and public sector organizations has fueled the demand for EMS, resulting in the global energy management systems market size to expect a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. According to United Technologies, efficiency improvements represent the greatest opportunity for us to reduce our GHG emission and save money. To read more about the EMS market size, share & trends click here.

Studies have shown that businesses can save up to 40% on average costs over a 12-month period through Energy Management Systems (EMS). Moreover, EMS can lower a business’s carbon footprint and lessen its environmental impact. For instance, as the building and construction industries are responsible for 30% of global energy usage, Energy Management Systems can reduce worldwide buildings’ energy consumption by 10% by 2040. To read more about energy management and its corporate and environmental benefits click here.

The most crucial process in energy management is energy monitoring. Energy monitoring systems offer users valuable information regarding their energy consumption patterns, empowering them to make well-informed decisions for effective energy management and to optimize their savings potential.

Implementing energy management software enables corporations to effectively manage their budget and mitigate the risks associated with energy price fluctuations that can impact business operations. By tracking utility costs and monitoring energy efficiency, companies can optimize their budgeting process and gain valuable insights into overall operational costs. To read more about energy monitoring click here.

Energy monitoring and management not only bring cost savings to a company’s bottom line through decreased usage and consumption but can also mean reduced reliance on volatile supply chains. For example, FedEx has achieved savings of $394 million in operating costs in 2018, while reducing carbon emissions by 2 million tons. Overall, according to Energy Star, a 10% decrease in energy use can lead to a 1.5% increase in net operating income. To read more about energy efficiency, corporate benefits and corporate sustainability click here.

Several companies are now beginning to offer more sophisticated energy monitoring and management techniques, some build around proprietary hardware and software, to make it easier for organizations to implement and reap the benefits of energy monitoring. One such company is CircuitMeter, featured in this month’s Company Spotlight.

CircuitMeter ( is a technology company specializing in Energy Measurement and Data Analytics. It is strategically positioned to take advantage of the fast-growing Forensic Energy Management sector in commercial, industrial, and high-density residential markets. The combined electricity consumption of buildings and industrial facilities in the U.S. and Canada amounts to over $250 billion annually, and this figure is expected to rise significantly with the trend toward mass electrification. However, it is estimated that currently, more than 30 percent of this energy is wasted, making it crucial to address this inefficiency both technically and economically.

The existing methods of circuit-level metering, data processing, and cloud communication are costly, making large-scale implementation economically unviable. Moreover, a majority of large electricity consumers lack a comprehensive understanding of their energy usage details and the inefficiencies present in their facilities. CircuitMeter offers a solution that makes it technically feasible and financially attractive to measure nearly all energy consumption at the equipment and asset level within a building or facility. The captured data is then stored in the cloud and made accessible through analytics software, enabling management to identify and eliminate energy waste effectively

The accuracy, efficiency, flexibility of EMPEQ's Fast Site Survey data capture app has led to new commitments and contracts this month:

  • Corporate rollout at Johnson Controls continues with a commitment of another 100 users onboarded in the next 30-60 days; the ceiling on the contract is 15,000 field engineers at $100/user/mo

  • EMPEQ was named a semi-finalist in 2023's Most Fundable Companies competition - placing the company in the top 3% of over 3,000 applications submitted

  • EMPEQ's Fast Site Survey won an additional contract from the US Air Force

For further information on EMPEQ or to arrange a call with the CEO, Herbert Dwyer, please contact Mitchell Hauser.

Our world faces an enormous challenge with climate change, but every challenge is an opportunity to rethink and reinvent- and YouSolar is on a mission to reinvent and deliver reliable power to the world. YouSolar continues to change the paradigm and redefine what's possible, with continued strong growth:

  • Eight installed PowerBlocs for total revenues of $300,000

  • The most recent four PowerBloc orders for high-end homes total more than $650,000

  • Partnerships established with builders and architects in Northern California YouSolar's goal for the next 12 months is to establish YouSolar as the premier independent power solution in the high-end residential segment.

For further information on YouSolar or to arrange a call with the CEO, Arnold Leitner, please contact Mitchell Hauser.

WAVE Drowning Detection Systems has raised over $1.9 million in preparation for an institutional round later this year. The company is currently raising a bridge round via convertible notes paying an 8% coupon and converting at a 20% discount to the next round with a cap of $8 million (please click here to view the presentation). WAVE continues to gain traction:

  • Deployments are accelerating: 31 systems installed in Boys and Girls Clubs and YMCAs, with 15 just in 2023

  • Industry recognition continues to pour in: Aquatics International (2023 Most Valuable Product), Fit Sports Design (2023 International Product of the Year in Sports Design), and the Boys and Girls Clubs of America (Safety Award), and others

For further information or to set up a time to speak with WAVE’s CEO, Mark Caron, please contact Tony Coretto.

Recently, SV Managing Director Tony Coretto led a Collaboration Corner for The Hudson Valley Venture Hub's gathering in Kingston, NY. Tony gave the audience an overview of the fundraising process and moderated a lively discussion with input from other entrepreneurs in the room; for a copy of his presentation or more information on the many options available to startups for raising capital, please reach out to Tony.

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