Lumenergi a Newark, Calif. business closed a $12.7 series B funding round led by Braemar Energy Ventures the company announced today.
It plans to use the capital to take its flourescent and LED lighting control systems — which are like dimmers on steroids and smart pills — from small to mid-sized commercial sites such as schools, courthouses and stores, to large scale commercial and industrial sites.
It will especially seek projects in “energy intensive” regions where the power supply may be limited, or strained by harsh weather for example.
Lumenergi’s systems were designed to help office and home owners to monitor, report on and optimize or reduce their use of energy for building wide lighting.
Some of Lumenergi’s systems make use of lower-power consuming LED lights. Others work with flourescents according to GreenTechMedia.
Flourescents are the most widely used lighting systems in U.S. office buildings today, according to research by the U.S. Energy Information Administration.
Braemar Energy Ventures led the $12.7 million series B round, joined by Townsend VC LLC, Low Carbon Accelerator Ltd. and Noventi Ventures.
A leading provider of network-controlled lighting energy management solutions, Lumenergi enables commercial customers to transform their lighting into a responsive network that delivers up to 70% lighting energy savings and custom control over visual environments. Lumenergi’s system offers the flexibility to integrate with existing or new lighting infrastructure, and provides for seamless scalability that easily expands from room to area to building. With intuitive management that simplifies maintenance and streamlines customization of workspaces, customers can conform to new building...
While energy has been a key to global development since the dawn of the electronic age, the beginning of the new century has seen a tremendous surge in the technology advancements, market activity and the strategic importance of energy around the world. While many companies and investors have sought to take advantage of the tremendous opportunity today’s energy industry presents, the unique market issues, scientific contributions and complex web of interrelationships require a specialized expertise. Braemar Energy Ventures was formed...
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