Phoenix Energy Technologies

Phoenix Energy Technologies is an IoT innovator in smart buildings and connected machines, providing IoT asset management and analytics for energy efficiency, carbon reduction, climate, and sustainability. The company was founded in 2004 and is headquartered in the United States. Phoenix Energy Technologies recently received a Venture Round investment on 30 April 2019 from Energy Innovation Capital, Spring Lake Equity Partners, and Duke Energy Corporation. The company's slogan "IoT asset management, analytics for energy efficiency, carbon reduction, climate, and sustainability" encapsulates their mission to enable buildings to take smart actions and deliver maximum ROI. They provide actionable data through real-time building and asset monitoring, predictive analytics, and measurement and verification of energy use and related costs. Phoenix Energy Technologies' SaaS products require no additional hardware installation, offering secure, behind-the-customer-firewall data collection from various control systems across a building portfolio. Their focus on driving innovation in the Enterprise Energy Management industry is evident through the development of new tools and upgrades to existing solutions, delivering continued value to their customer base. The company empowers CFOs to proactively reduce energy operational expenses, track progress on sustainability goals, and provide detailed, actionable plans with associated consumption and climate reporting KPIs, tying C-suite performance to progress on ESG metrics. Overall, Phoenix Energy Technologies is well-positioned in the IoT and energy efficiency space, offering innovative solutions and attracting investment from prominent firms, making it a compelling prospect for venture capital consideration.