Con Edison Deploys Retroficiency's Energy Analytics to Drive Large-Scale Building Efficiency Savings

Retroficiency to Remotely Assess Thousands of Buildings to Rapidly Identify Energy Efficiency Opportunities

Marketwired

BOSTON, MA--(Marketwired - Feb 26, 2014) - Retroficiency, the building efficiency intelligence company for utilities and energy service providers, today announced that Con Edison is utilizing Retroficiency's Virtual Energy Assessment solution across thousands of buildings in New York City. Virtual Energy Assessment's rapid, no touch approach will enable Con Edison to target commercial and multi-family buildings with the greatest savings potential and engage customers with energy efficiency opportunities -- ultimately driving deeper energy savings in less time and at a lower cost throughout its service territory.

"Con Edison is always looking for ways to meet and exceed our energy efficiency goals and load management objectives," said Colin Smart, section manager, Commercial Customer Solutions, Con Edison. "Retroficiency's analytics can help us identify commercial and multi-family properties that can benefit the most from our energy management programs. That will be good for our customers and good for the environment."

Retroficiency will initially focus on enhancing Con Edison's long-standing efforts to geo-target customers in the most constrained areas of its electric grid with energy efficiency solutions. Reducing peak load through efficiency upgrades will enable Con Edison to defer costly and potentially disruptive upgrades to its network, while concurrently helping customers save money on their energy bills. Retroficiency's virtual assessments will prioritize buildings and efficiency measures that will reduce demand during network and system peak periods.

Virtual Energy Assessment -- a solution available on Retroficiency's Building Efficiency Intelligence platform -- determines the energy savings potential and specific efficiency opportunities that exist for a building, in minutes, and without ever going on-site. Each assessment details which end-use areas are underperforming and provides building-specific recommendations to improve those areas. Retroficiency's proprietary rapid energy modeling approaches allow it to address any building within a utility portfolio, regardless of whether monthly or interval consumption data is available.

"Con Edison is a true industry leader in applying data analytics to attack its biggest challenges, and it recognizes the true power of rapid energy modeling to scale its efficiency efforts," said Bennett Fisher, co-founder and CEO, Retroficiency. "We are excited to work with Con Edison to help it achieve greater energy efficiency savings for its customers, while also reducing load within key, targeted areas of Con Edison's service territory."

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $42 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York.

About Retroficiency, Inc.
Retroficiency is the building efficiency intelligence company for utilities and energy service providers. Its proprietary software platform creates a unique energy model of any building to provide actionable insights that enable the fastest, most cost-effective way to target buildings, engage customers, convert projects and track opportunities at scale. Retroficiency is trusted by leading organizations to improve their energy efficiency programs and services, and has evaluated more than one billion square feet of building space since March 2011. For more information, please visit www.retroficiency.com.

Contact:
Media Contacts
Brian Merrill
fama PR (for Retroficiency)
Retroficiency@famapr.com
(617) 986-5005
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