Noesis Energy Closes Series B led by Black Coral Capital

Noesis Energy has closed a Series B funding round led by Black Coral Capital, including additional investment from Austin Ventures. The company helps put businesses in control of their energy management costs and has offices in Austin, Texas and Cambridge, Ontario, Canada.


Noesis Energy today announced a free website that
combines big data services and energy analytics to help commercial building and energy
professionals control their energy costs. The new site lets end users better understand
their energy use and costs so they can make more informed energy decisions, such as
implementing a lighting upgrade or switching rate plans. The site, which is emerging
from a five-month beta program, now boasts more than 4,400 buildings and 380 million
square feet registered, representing building portfolios across commercial real estate,
retail, hospitality, state/local government and other vertical industries.
Building on this momentum, Noesis Energy also announced $8M in Series B funding led
by Black Coral Capital, including additional investment from Austin Ventures. Black
Coral is a leading investment fund focused on opportunities at the intersection of hightechnology
and energy. Black Coral partner Rob Day will bring his eight years of energy
tech investment and governance experience to Noesis as a new member of the board of
Noesis Energy addresses the information challenges organizations face as they evaluate
and make decisions on opportunities to reduce energy costs. Today’s building and energy
professionals are inundated with data – from meter readings to efficiency rebates and
incentives – yet struggle to connect the dots to make smart energy management decisions.
Noesis Energy’s online energy management service uses big data analytics to make sense
of the data and help building professionals, consultants and others work together to
realize significant cost savings from energy.
“There is no shortage of data in the energy industry. What is lacking are the practical
insights required to make both big and small energy decisions so organizations can start
realizing the tremendous amount of pent up savings,” said Rob Day, partner with Black
Coral Capital. “We believe this is why Noesis Energy has seen such impressive growth
with energy managers and consultants during their beta period. This has shown us just
how much these experts have been looking for a solution like this.”
The service is available in two versions. Noesis Free, which is available today, provides
basic tools for energy performance tracking, reporting and online collaboration. Noesis
Pro, which will be available in the fourth quarter, delivers advanced analytics,
measurement and verification for improving energy performance and driving more
projects to completion. Key features include:
Noesis Free – Tracking Energy Performance
 Portfolio and building cost and consumption reporting
 Portfolio and peer benchmarking
 Incentive and rebate tracking
Noesis Pro – Improving Energy Performance
 Portfolio and building energy planning and budgeting
 Advanced energy project ROI modeling
 Energy project measurement and verification (M&V)
“We built Noesis to be an open platform for the commercial demand-side energy industry
and its ecosystem of millions of energy and facilities professionals, consultants, vendors
and financing partners,” said Scott Harmon, founder and CEO of Noesis. “Because we
harvest digital energy data from so many sources and combine them in one flexible and
easy-to-use place, we’re opening up entirely new possibilities for online energy
commerce. It’s really exciting to be a part of what I believe is a hundred-year industry
transformation — one I think will have profound impacts on economies here and abroad.”
About Noesis Energy
Noesis Energy puts businesses in control of their energy management costs. Combining
big data services, energy analytics and industry expertise, our free and premium services
help energy professionals track and improve energy performance and cost savings for
greater return on investment. Noesis Energy is backed by Black Coral Capital and Austin
Ventures and maintains offices in Austin, Texas and Cambridge, Ontario, Canada.

Media Contact:
Cybele Diamandopoulos
For Noesis Energy
Angie Goertz
Director of Marketing, Noesis Energy
512.684.8446 x116