Energy Points Harnesses $3M, Wants to Create Sustainability Standard
Summary
Cambridge, MA-based Energy Points is releasing a new software product for businesses to measure sustainability across different industries and resources such as electricity, water, transportation, and waste. Presumably this sort of standard will help companies compare disparate things like the impact of using LED lighting in a Massachusetts office building versus the cost of a new water management system in a California factory, say. The startup is led by CEO Ory Zik, the former chief executive of solar thermal company HelioFocus and microscopy firm QuantomiX. From what I’ve seen, the software takes into account factors like local power generation, distribution systems, and water supplies, and displays the results (in units of gallons of gasoline) via an intuitive user interface. Ultimately, Energy Points’ success will boil down to how accurate and reliable its sustainability calculations are—and how much money it helps businesses save.
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