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Heat-mapping startup Essess picks up $10.8 million to scan for energy leaks

MIT spin-off Essess Inc. has technology that can scan large areas to find which buildings aren’t sealed properly, leaking heat and wasting energy.

Yuliya Chernova    ·    November 21, 2014    ·    via The Wall Street Journal

Over the past few years, Essess Inc. has deployed cars mounted with imaging sensors to drive around the U.S. creating heat maps that show which homes aren’t sealed properly, wasting energy and their owners’ money.

The startup, which told Venture Capital Dispatch it raised $10.75 million since its founding in 2011 from venture investors, is now rolling out its technology for use by power utilities.

The idea is that utilities could use the information collected and processed by Essess to tell their customers where exactly their “house envelopes” are leaking, and what fixes could improve the seal.

This approach, according to Essess Chief Executive Thomas Scaramellino, could help utilities and customers make improvements in energy savings that are larger and longer-lasting than simply replacing an old lightbulb with a more efficient one, for example.

Essess, whose roots are in the Massachusetts Institute of Technology, is joining a growing number of startups that are going after the billions of dollars that utilities in the U.S. must spend on energy-efficiency programs under state mandates.

Read the full article at The Wall Street Journal


Built Environment & InfrastructureRenewable Energy
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