The Tampa-based COI Energy Services has gone live with a platform designed to cut energy costs from 6 to 30 percent for commercial and industrial users. Among its first clients are the University of South Florida Research Park and an undisclosed Tampa-based utility.
“We’re getting a lot of attention from utilities. This is definitely a problem that has not been solved [previously],” says Founder and CEO SaLisa Berrien. “It is a unique solution.”
The company is preparing for growth by raising seed capital to pay for 12 additional staff members needed to serve more than 1,000 customers. It’s hiring people in software engineering, marketing, business development, and customer’s experience within the next quarter.
USF Research Park was to be the first to use the platform. That installation was completed Thursday, Feb. 1, with training following.
The park also lined up a $1,650 rebate on a 150-ton air conditioning unit.
“Energy sustainability is an important issue at the University of South Florida Research Park, and we are proud to be one of the first customers for COI and explore how this new technology can provide us greater insight into how we use energy,” says Allison Madden, director of USF Research Foundation Operations.
Site inspections for some 100 users are required before the utility can utilize the system. “It will save in time and cost to support the grid. Simply put, our platform saves time, saves money, and saves the environment for both the utility and its business users,” Berrien says.
Another major customer is PBS39, a key account for Pennsylvania Power and Light.
A public demonstration is scheduled at 11:30 a.m. Friday, Feb. 9, at the Galleria of USF Research Park. It is expected to attract investors, potential customers and partners. “Anybody that is interested in clean tech is welcome to come,” she adds.
The 2-year-old company helps energy users save in three key ways: 1) by alerting customers when are able to cut waste, and 2) notifying them about potential rebate programs they qualify for, and 3) facilitating the sale of renewable energy into the grid. It is designed for businesses with a peak use of at least 50kW.
“We can predict their bill, based on how they are using their energy now,” Berrien says. “If they’re fine with the way the bill looks, they can continue operating as they are.”
COI Energy already has outgrown its three-person office space at USF Connect in the Research Park. The staff is using communal office space at the facility while the company waits for a larger office. It also is considering space in Channelside.
Additionally, COI Energy has been participating in the climate economy innovation accelerator, Accel-VT, in Montpelier, VT. It is slated to complete the three-month program, aimed at helping with capitalization, next week.