Powerit Solutions, a company that does automated energy efficiency systems, said on Thursday that it has secured $7.1 million in financing.
The series A round included $3 million from @Ventures, along with $3 million from Expansion Capital Partners, with the balance coming from existing investors.
Although not as high profile as solar or wind power, energy efficiency companies--sometimes referred to as "negawatt" suppliers--have proven to be good investments in the current clean tech boom. Two energy efficiency companies--EnerNoc and Comverge--went public earlier this year.
Powerit differs from what those two companies do, which is help utilities reduce … Read more