energyX Solutions

EnergyX Solutions is an AI-powered SaaS company that enables utilities to increase customer participation in energy efficiency programs while simultaneously lowering the utility’s cost to engage and serve a customer.

EnergyX has developed innovative, in-house technology solutions that generate evaluation-grade energy assessments of building performance at scale.

energyX Solutions was founded in 2016 by Nishaant Sangaavi and Alex Corneglio. The company is headquartered in Toronto, Ontario, Canada.

EnergyX helps utilities run energy efficiency programs end-to-end. Through machine learning, customers with high energy savings potential are automatically identified, targeted and enrolled in utility energy efficiency programs. 

energyX's MIT-award winning technology is white-label licensed by utilities and government organizations to help them engage customers, manage programs and hit energy efficiency targets. Its My EnergyXpert is a simple online energy scan that is revolutionizing the building energy efficiency market by allowing anyone to complete a building energy scan online in around 15 minutes without costly professional assistance. 

 

EnergyX’s Retrofit AI solution optimizes on-site visits and minimizes truck-rolls by intelligently segmenting a customer base and streamlining incentive delivery. In a world where remote engagement and digital workflows have become paramount, EnergyX is helping energy organizations maximize employee and customer satisfaction by creating a data-driven and automated journey toward energy efficiency.

 

EnergyX’s software tools have served 5 million homes across North America and its product suite has been proven and validated by professional engineering teams at government organizations, educational institutions and large utilities. In 2019, EnergyX was able to successfully expand within the U.S. market, and is currently providing its solution to utilities across California, Washington DC, Ohio and New England.

 

energyX is backed by BDC Capital, Globalive Capital, Verstra Ventures, Armco Group of Companies, MaRS Investment Accelerator Fund (IAF), Impact Investment Partners and others. The company raised an additional $1M funding on Aug 11, 2020. This brings the total capital raised by exergyX to $5M.

 

 

  • Year founded: 2016
  • Funding Info: $5M over 4 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Toronto
  • State: Ontario
  • Country: Canada
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