(PRWEB) December 30, 2014
New York City-based energy management provider, Bright Power, Inc., has received a $5M strategic financing commitment from WindSail Capital Group, a Boston-based investment firm that provides growth financing to companies advancing energy innovation and sustainability. WindSail Capital’s investment will provide Bright Power with the resources to continue its expansion and become the leading energy management company on a local and national scale, with a particular focus on multifamily apartment buildings.
“We are excited to embark upon a new chapter at Bright Power with the help of the WindSail Capital team,” said Jeff Perlman, CEO and president of Bright Power, Inc.
“We think Bright Power has the right products and strong management team to tackle energy efficiency in the challenging but vitally important area of multifamily buildings, said Ian Bowles, co-founder and managing director of WindSail Capital Group. “Jeff and his team have an unparalleled track record of innovation and their business is a terrific fit for our investment approach.”
Bright Power’s uniquely comprehensive approach to energy management includes extensive experience working in the multifamily sector on a wide range of efficiency projects from energy benchmarking to gut rehabs and solar arrays. The credit facility will support the growth of the company, including evolving its proprietary software, EnergyScoreCards, into a full-service energy management platform, featuring the largest multifamily database in the country.
“Bright Power reached a critical milestone this year, our tenth anniversary,” said Perlman. “Our partnership with WindSail launches us to the forefront of the industry with not only our ideas, but also our resources. Through this investment, our technology will become a platform, our expertise will be further shared and our diverse offerings will coalesce into a comprehensive must-have solution. For more than a decade, the energy management industry has offered solutions that make technological and economic sense, but has struggled to make these solutions easy to understand, easily trusted and easy to buy. We’re changing that.”
About WindSail Capital Group
WindSail Capital Group is a Boston, MA based investment firm that provides growth capital to early stage commercial businesses advancing energy innovation and resource efficiency. WindSail's unique approach offers companies flexible and creative financing solutions that meet their specific financing needs while facilitating growth and minimizing dilution. WindSail invests $2.0 to $8.0 million in each transaction. For more information, please visit http://www.windsailcapital.com.
About Bright Power, Inc.
Bright Power provides strategic energy solutions to building owners and operators in New York and across the nation. Specializing in multifamily apartment buildings, Bright Power’s suite of services saves clients energy, money and time. Bright Power's energy management solutions include EnergyScoreCards benchmarking software, energy audits, energy procurement, solar energy, green building, and construction management of energy improvements. For more information please visit http://www.brightpower.com.