Lisa Stiffler on GeekWire reports that Allumia has landed $7.5 million in additional funding.
- Allumia is a Seattle-based company that helps businesses retrofit their facilities to become more energy efficient.
- Allumia is unique in that it helps its clients pay for and monitor energy efficiency upgrades through an online platform.
- Buildings are responsible for about 40% of global emissions.
- Business such as Allumia are leading the way to a more sustainable futute.
“Allumia underwrites their customer’s loan to pay for the more efficient equipment. Customers sign 5-to-7 year contracts, during which time they pay back the loan. Services covered by the contract include Allumia’s energy use performance monitoring and maintenance of the equipment upgrades.”
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