Building Energy Inc. in $20 Million Project Funding Deal with Allumia

PORTLAND, Ore., Sept. 11, 2015 /PRNewswire/ -- Building Energy Inc., creator of the Building Energy Marketplace™, and Allumia, a leader in lighting-as-a-service financing, today announced a strategic partnership in which Allumia has committed $20 million of lighting-as-a-service for energy efficiency projects qualified by the Building Energy Marketplace through 2016.

Building Energy also announced the general availability of its data-powered marketplace for energy and water efficiency projects. For the first time, building owners and service providers can identify the best opportunities, be provided with the best funding for their projects, and track the projects' operating results through the life of the new efficiency measures.

"Allumia is the kind of capital provider that has been needed in this industry," stated Magnus Cheifetz, Building Energy CEO. "Allumia uses real-time, metered data to provide lighting-as-a-service for commercial building lighting retrofits, and this eliminates the capital expense barrier owners face to improve their buildings," Cheifetz added.

"Building Energy's data-powered marketplace for efficiency projects is a game-changer," said Aaron Block, Allumia CEO. "By connecting us to opportunities that are already qualified and then keeping the project engaged throughout its life, Building Energy is an end-to-end solution that makes it simple to deliver the proof that backs up our promises."

About Building Energy Inc.

Building Energy Inc. is a technology company that combines fintech, cleantech, and information technology to transform the way building owners and their service providers generate successful energy and water efficiency projects.  Building Energy's cloud-based software is used to design, implement, and finance energy and resource projects by building owners and managers, energy management companies, and sustainability professionals. The Building Energy Marketplace connects those who pay utility bills with capital for measures such as advanced LED lighting, HVAC improvements, smart thermostats, sensors, and controls, and solar and storage technologies. Building Energy's Data-Powered Finance™ technology matches the best capital source with the best efficiency measures for specific buildings, and using a solution-oriented underwriting model helps ensure project success. Cities use Building Energy to manage compliance with disclosure regulations. Portfolio owners and managers use Building Energy to identify opportunities and track results through the Building Energy data-based "rolling profile" visual feedback loop. Building Energy is the only production system that incorporates the emerging BEDES standard for data interoperability. Building Energy Inc. is headquartered in Portland, Oregon.

About Allumia

Allumia is a provider of lighting-as-a-service to commercial and industrial businesses, funding and managing end-to-end lighting upgrades with no out-of-pocket cost to the building owner or tenant. Using revenue-grade metering, Allumia measures and bills against customers' actual energy use in real-time. The lighting-as-a-service model assures that customers are revenue-positive on day one, with no performance risk. 

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although Building Energy believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. Building Energy undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in Building Energy expectations.

Building Energy , Data-Powered Finance, and Building Energy Marketplace are trademarks of Building Energy Inc.

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SOURCE Building Energy Inc.