EnerTech Capital Announces New Investment

June 30th 2014, Seattle Washington – EnerTech Capital (“EnerTech”) is pleased to announce today that it has invested in EnergySavvy as part of an $8.25 Million round of financing.

Dean Sciorillo, Director at EnerTech will join the board of the company. EnerTech and El Dorado Investment Company, the investment arm of PinnacleWest Capital Corp., the holding company of Arizona Public Service, an EnergySavvy customer since 2013, joined the funding round with Prelude Ventures and Pivotal Investments.

The confluence of market forces and major proposed regulations like EPA’s Clean Power Plan have greatly increased the premium for utilities to deliver real and verifiable energy efficiency. With a rapidly growing customer base of electric and gas utilities as well as statewide energy efficiency programs, EnergySavvy is the only true enterprise cloud company built ground up for the utility demand-side management (DSM) industry.

“Our investment in EnergySavvy fits directly in our investment strategy around emerging software opportunities in the Utility sector. Given our significant domain knowledge and roots out of the utility sector, we believe that as a firm we can add significant value as EnergySavvy executes on its business plan. EnerTech Director, Dean Sciorillo has a long history in the Utility space having spent 15 years at Exelon before joining EnerTech 12 years ago and will be a valuable resource at the board level of the company ” said Wally Hunter, Managing Director at EnerTech Capital.

 “We believe we are at a point now where energy efficiency and customer engagement are critically important for utilities as they plan for the future,” said Dean Sciorillo, Director at EnerTech Capital. “The team at EnergySavvy is enabling utilities to connect with and engage customers to make meaningful and appropriate energy improvements that result in successful programs that build lasting, trusted relationships.”

About EnerTech Capital

EnerTech Capital invests in companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered over 30 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal and Calgary and Menlo Park.

For more information, please visit: www.enertechcapital.com

Contact: Wally Hunter, whunter@enertechcapital.com, 416-383-8563

About EnergySavvy

EnergySavvy is a leader in cloud-based software for the utility industry. Dedicated to making energy efficiency more controllable and transparent, EnergySavvy’s platform unlocks value by creating modern customer experiences and delivering predictability to the industry. The only true enterprise demand-side management software company, EnergySavvy sets the standard in client success, expertise and innovation. Utilities use EnergySavvy to reach one-third of American homes and businesses in more than 20 states. To learn more, visit www.energysavvy.com.

For more information, contact:

Dan Zasloff


(206) 462-2206


Back to News

Get the latest EnerTech Capital news
direct to your inbox