Phoenix Energy Technologies has secured a $5 million joint investment from Five Peaks Capital Management and Bluff Point Associates. The financing will fuel Phoenix Energy Technologies’ growth plans and further accelerate and strengthen the organization’s leadership position in the rapidly developing enterprise energy management (EEM) space.
“Phoenix Energy Technologies has developed an innovative approach (to EEM) that enables building connectivity across a building portfolio with no hardware and no on-site installation. In other words, our enterprise energy management platform requires no ‘black box,’ which is a game changer for our multi-site customers,” says CEO and Founder, Lisa M. Varga. “Over the past several years we have developed a solution that not only maximizes speed and minimizes cost to entry for multi-site organizations, it also enables us to take corrective action that proactively reduces energy consumption and costs across a building portfolio.”
As the enterprise energy management market matures, Phoenix is positioned to take center stage in the national retail arena, specializing in cost efficient EEM system implementation for large, geographically dispersed enterprises. Utilizing existing building infrastructure, the PhoenixET SaaS platform, EnterpriseDX, facilitates the automation and integration of all data sources impacting energy consumption and costs, providing Energy Management and Facilities Maintenance executives with real-time transparency and visibility into building operations. At the same time, Phoenix Energy Technologies’ services teams evaluate customer data using the EnterpriseDX platform to define and take action on savings opportunities, a process that delivers quantifiable savings and measurable results.
Thought leaders in the industry, including Forrester Research, Verdantix, and Groom Energy Solutions have each identified the enterprise energy management industry as an industry primed for a period of hyper-growth over the next several years. And, while many look for strategic entry points, Phoenix has quietly and strategically built the EnterpriseDX software platform, positioned its services team to drive ongoing customer value, and developed an infrastructure that can support rapid, sustainable expansion.
“We’ve focused on our customer’s points of pain and built a product and organization that responds to those points of pain. At the same time, our solution is nimble enough to grow and evolve with the industry,” says Varga. “Our momentum is building because we offer a total solution that is unlike any other in the market.”
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