Allumia is a US-based startup that offers "energy efficiency as a service (EEaaS)" to its customers. The company, founded in 2013, provides new equipment with zero upfront costs and immediate savings to its customers in the commercial and industrial (C&I) field. Allumia specializes in funding, designing, installing, and maintaining complete energy efficiency upgrades for its direct customers and utility partner programs.
The innovative business model involves metering the equipment to track energy savings and billing for a portion of those proven savings on a monthly basis during a fixed contract term, typically ranging from 3 to 7 years. This approach allows customers to benefit from the energy savings without bearing the full upfront costs.
Allumia's commitment to energy efficiency has attracted the attention of investors, with its most recent funding being a Convertible Note investment from K-Street Capital on 02 February 2023. With a strong focus on the energy industry, Allumia is poised to make a significant impact in the realm of energy efficiency and sustainability.
