American Efficient, one of America’s largest aggregators of energy efficiency resources, announced its acquisition of PlotWatt Inc., a stalwart leader in residential and commercial energy analytics. PlotWatt’s customers include Fortune 500 firms and 8 of the 10 largest quick service restaurant brands like Wendy’s, KFC and Dunkin Donuts. Together, American Efficient and PlotWatt can transform consumers’ investments in energy efficiency into valuable grid resources in groundbreaking ways, including through metered energy efficiency programs, boosting utility customers’ savings over time.
“The cleanest and least expensive energy is energy you don’t have to consume,” said Mark Laabs, CEO of American Efficient. “For years, we have admired PlotWatt’s innovative tools that make energy information accessible to consumers, and we are excited to accelerate PlotWatt’s work with companies across the country to operate their facilities more efficiently.”
American Efficient works with manufacturers, retailers, utilities and grid operators to incentivize energy efficiency installations and develop portfolios of energy efficiency resources. The acquisition of PlotWatt marks American Efficient’s expansion into commercial energy management software and services. American Efficient and PlotWatt customers own or operate over 200,000 locations combined across the U.S., Canada and New Zealand. To date, American Efficient and PlotWatt have helped provide enough energy savings to the grid to simultaneously power the cities of San Francisco, Boston and Las Vegas for one year.
“By converting raw data into actionable insights, our customers can easily improve energy and process efficiency with zero capital expenditure required,” said Luke Fishback, CEO of PlotWatt. “We’re excited to join the American Efficient team and to provide even more value to our customers and the grid.”
PlotWatt customers can measure, model and simulate the impact of energy efficiency initiatives before they invest, allowing them to target and prioritize investments by potential return. PlotWatt subscribers can see an immediate return on investment with up to 15 percent electricity savings. PlotWatt’s service is of particular value to multi-location businesses because it provides site-by-site comparative analyses as well as operational benchmarking. In addition to energy savings, the service can detect appliances in need of repair and provide business intelligence such as whether a location shuts down early or if deliveries are late. No additional hardware is required to use PlotWatt’s service.
American Efficient, founded in 2011 and based in Durham, North Carolina, currently runs incentive programs for energy efficient installations in 30 U.S. states. Its programs help reduce the need for expensive and inefficient energy generation infrastructure. PlotWatt, founded in 2008 and also based in Durham, North Carolina, provides energy analytics services across the United States, Canada, and New Zealand. PlotWatt will continue to operate under the PlotWatt name.