• FirstFuel Software

  Participated · Series C · Apr 2015

  FirstFuel Software provides a business-customer engagement SaaS platform that combines data science, building science, and software to derive intelligence from utility data. The platform analyzes data from over 6 million meters to help energy providers in North America and Europe improve customer satisfaction, drive sales and revenue, and reduce service costs. FirstFuel reports that its AI-based data techniques and embedded widgets/APIs can produce large improvements in online engagement and help utilities boost adoption of programs such as energy efficiency, electrification, and distributed energy resources. Its client roster includes five of the ten largest U.S. utilities and covers more than one in every five business customer meters, and 2018 additions included AEP, Seattle City Light, and Orange & Rockland. The company says clients have seen tangible net savings and stronger digital adoption by applying its analytics, citing Accenture-and-FirstFuel analysis on SMB programs. FirstFuel is privately held, was founded in 2010, and is headquartered in Lexington, Massachusetts. FirstFuel operates a SaaS customer intelligence platform (FirstEngage and FirstAdvisor) that applies analytics to meter and business data to deliver individualized energy insights to commercial customers. The platform performs detailed performance analysis of energy usage in every building, enabling utilities and energy service providers to scale services such as energy efficiency, demand management and on-site generation. Since its commercial launch in late 2012 the company has analyzed data for more than one million building meters; the FirstAdvisor product has analyzed 40 billion kWh and identified over $400 million and 5 TWh in annual savings. The company is targeting growth in both regulated and deregulated utility markets and plans to increase sales and marketing, expand its footprint in Europe, and invest further in its SaaS platform capabilities. FirstFuel was founded in 2010 and is headquartered in Lexington, Massachusetts; the company has established deployments with large utilities, energy service providers, and government customers across North America and Europe. FirstFuel Software offers a Remote Building Analytics (RBA) platform that leverages advanced meter data analytics to identify, enable, and track energy efficiency savings in commercial buildings without onsite visits or device installations. The platform supports portfolio efficiency screening, customer engagement, energy audits, and performance monitoring and verification, and has analyzed over 700 million square feet of commercial building space through November 2013. FirstFuel says its solutions deliver efficiency services at 5–10x lower costs and faster speeds and are deployed across thousands of buildings for utilities and government customers, including expanded deployments with the U.S. General Services Administration and the Washington D.C. Department of General Services. The company serves several of the largest North American utilities and is positioned for rapid expansion in North America and globally. The new funding will be used to accelerate development of the RBA platform and support continued growth. FirstFuel Software develops the Rapid Building Assessment (RBA) platform, an advanced analytics service that remotely benchmarks and profiles commercial building energy performance. The RBA delivers zero-touch, remotely conducted energy assessments that remove the need for costly on-site audits and identify operational efficiency and retrofit opportunities across portfolios. FirstFuel engages utilities, government agencies and ESCOs and has run engagements with several leading U.S. utilities and government clients. The company plans to expand RBA capabilities, accelerate product development, and pursue rapid expansion in the utility and government markets. FirstFuel has received independent validation from the Fraunhofer Center (DOE-funded report) and was selected by the DoD’s ESTCP to demonstrate its technology on military installations. Founded in 2010 and headquartered in Lexington, MA, the privately held company recently closed a financing to support these efforts. FirstFuel Software offers the Rapid Building Assessment (RBA) platform, which uses patent-pending analytics to disaggregate whole-building energy consumption into end uses and deliver zero-touch profiles and recommendations. The platform combines utility electric interval and gas meter data with high-frequency weather data and GIS-mapped building characteristics to benchmark, recommend operational and retrofit measures, and monitor savings. Third-party validation from the Cadmus Group and an independent Fraunhofer examination found RBA’s results consistent with on-site audits and sub-meter data, achieved at a fraction of the time and cost. FirstFuel positions its product as a scalable alternative to costly on-site energy audits, enabling utilities to engage commercial customers across large portfolios. The company says it will use the new financing to scale and accelerate adoption of the RBA platform. FirstFuel is privately held and targets utilities and commercial building portfolios as primary customers.

No current team members are available.