BBJ 2013 Best Green Practices winner

The Boston Business Journal named Retroficiency a 2013 winner of its Best Green Practices award, which honors local companies for accomplishments in design, innovation, invention, and workplace strides. BBJ recognized Retroficiency for its Building Efficiency Intelligence platform invention.

GigaOM — 13 energy data startups to watch in 2013

GigaOM named Retroficiency as an energy data startup to watch in 2013 for creating data analytics that “can give a building (or a group of buildings) an energy audit remotely.”

MassTLC — Innovative Technology of the Year

Retroficiency’s Building Efficiency Intelligence Platform was selected for the Mass Technology Leadership Council (MassTLC) Innovative Energy Technology of the Year Award. A committee of more than 40 industry executives, thought leaders and media were involved with the selection process for the nominees and determined the winners.

Utility Technology Challenge 2012 — Pilot Program Winner

Out of more than 150 initial applicants for the Utility Technology Challenge, Retroficiency was selected by a panel of industry judges as one of three innovative technology providers to conduct a real-world pilot at a utility organization, which includes sharing $100,000 in demonstration funds.

BusinessWeek — America’s Most Promising Social Entrepreneurs 2012

BusinessWeek named Retroficiency as one of America’s Most Promising Social Entrepreneurs. The magazine’s editors reviewed more than 300 applicants to determine the best for-profit organizations ‘building promising businesses that tackle social ills’.

American Technology Awards — Clean Tech / Green Tech Finalist 2012

TechAmerica Foundation picked Retroficiency as one of the top products in the Green Tech category of the American Technology Awards, which bestows the only “Best Of” awards that recognize all technology products and services for the technology industry

Red Herring 100 Finalist North America

Retroficiency was named a finalist for the 2012 Red Herring 100 North America.

Definitions

Energy consumption interval data is a record of a building's energy consumption levels, with readings made at regular intervals throughout the day, every day, over an extended period of time. Interval data can be obtained from utility company meters, building control systems or increasingly from energy service provider- or building owner-installed smart meters.

Building asset data is information related to general building characteristics and energy systems in the building. This could include basic information such as the year built or facility use type (e.g., office, warehouse, etc.), to more specifics, such as heating ventilation and air-conditioning systems, lighting and lighting controls, envelope and windows.

Fortune 100 Company

A well-known Fortune 100 finance company wanted to gain LEED status for all of its buildings. Three of their buildings presented a challenge as they were unable to get ENERGY STAR rated, a requirement for LEED certification. The company hired external engineering experts who identified 15 improvements for each building that would help them meet their goals. Retroficiency was engaged to demonstrate their technology to develop recommendations and help validate the external company's findings with a calibrated energy model.

Using proprietary technology with minimal information from on-site facility managers (and no site visits), Retroficiency was able to construct and calibrate energy models. By running these models against our database of thousands of energy conservation measures, we were able to offer recommendations that increased ENERGY STAR ratings by an average of 31% and had less than 2 year paybacks. In terms of annual savings, we found more than $85k in operational changes and $45k in physical retrofits. Once we had calibrated energy models we showed that 12 out of the 15 retrofits recommended by the external engineers (and almost $2M in spend) had paybacks greater than 67 years and were not necessary to meet the desired goals.

Leading Facility Management Company

Retroficiency was asked to evaluate 3 buildings totaling 1.2M square feet. The goal was to test the ability of our platform to do high-level quick evaluations of multiple buildings. In addition, they wanted to calibrate the energy models on all three buildings to test the depth of the analysis and performance of the models.

To start, the facility management company was given online access to the Retroficiency platform and spent about 30 minutes entering high-level information about the buildings. Within 3 hours of submitting this information, the energy managers were sent an email notifying them that their initial reports were available. These reports showed combined annual savings opportunities of $883k at the 3 buildings � all with less than 6 year paybacks.

Next, the energy managers were able to access, evaluate, and change the inferred data on all of their buildings. After submitting these changes, the energy models were updated. Retroficiency then used 12 months of utility data to calibrate the models to ensure accuracy. The ECM database was again run against these models and new savings and cost numbers were produced.

The process from start to detailed output took 5 days and did not require site visits. The software found more than $2.5M in annual savings with all paybacks less than 6 years.

Awards

BBJ 2013 Best Green Practices winner

GigaOM — 13 energy data startups to watch in 2013

MassTLC — Innovative Technology of the Year

Utility Technology Challenge 2012 — Pilot Program Winner

BusinessWeek — America’s Most Promising Social Entrepreneurs 2012

American Technology Awards — Clean Tech / Green Tech Finalist 2012

Red Herring 100 Finalist North America

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Fortune 100 Company

Leading Facility Management Company