Tuesday, November 27, 2007

Optimum Energy Raises $5M

Seattle-based Optimum Energy, a firm developing software for reducing energy use in high rises and other large buildings, said Monday that it has raised $5M in venture capital. The financing came from Columbia Pacific Management. Optimum Energy said it is developing software which reduces energy consumption and operating costs of HVAC systems by 30 to 50 percent. The firms aid the latest round of funding will enable the company to deploy additional technology and expand its market efforts and partnerships. More information »