Annapolis-based Nexus EnergyHomes raised the first $200,000 of a $1.5 million dollar series A round, a new SEC filing revealed. The company designs, sells and builds pre-fab homes that are “net zero,” or zero energy homes (ZEHs).
According to the U.S. Department of Energy ZEHs are “connected to the utility grid but can be designed and constructed to produce as much energy as they consume [or more] annually.”
Nexus EnergyHomes also makes and sells green building materials, and offers software to optimize the installation of, and manage the use of equipment in a net zero energy home — like air conditioners, filters, lights, meters, geothermal wells and solar power generating systems. The company’s software, under the brand name Energyze, also helps home builders attain rebates and incentives to build a ZEH.
Representatives were not available immediately after the filing was made public to answer questions about the company’s investors, or how the firm plans to use its new-found capital.
Because Nexus Energy Homes focuses on building in and around Maryland, they are guarded, at least for the time being, against competition from established zero net energy home designers, like Ecofutures in Colorado or Vert Design in Ottawa.
A regional specialization will not, however, protect the business from competition on software and systems that it sells. Giant technology providers to venture-backed startups are angling for a piece of the green homes market, including GE and Fuji Electric, and OPOWER and Tendril which both specialize in home-based, energy management technology.
Nexus EnergyHomes creates innovative new homes that are capable of being net-zero energy homes. The company also offers Energyzeâ„ for custom home plans. By integrating Energyze technology into a new home design, builders’ unique vision is complemented by the most efficient and innovative energy systems available—and home builders get help finding extensive tax credit benefits through a number of government programs.
The General Electric Company, or GE, is an American multinational conglomerate corporation incorporated in the State of New York. In 2009, Forbes ranked GE as the world’s largest company. The company has 304,000 employees around the world. GE is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. GE has...
Working with more than 75 utility partners and serving more than 14 million consumers across six countries, Opower is the world’s leading provider of customer engagement solutions for the utility industry. By providing the tools, information and incentives consumers need to make smarter decisions about their energy use, Opower’s engagement platform and solution suite enables utilities to involve their customers in programs that support, energy efficiency goals, smart grid and new rate structures, brand loyalty and lowering the cost...
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Boston, MA
Disrupt Europe: Berlin Hackathon
Berlin, Germany
