Energy 350, Inc. Company Profile

Background

Overview

Energy 350, Inc. is a Portland, Oregon-based company specializing in energy efficiency services, including energy studies, retrocommissioning, and strategic energy management. Established in 2011, the company focuses on identifying and implementing energy-saving solutions for commercial and industrial clients, aiming to reduce energy consumption and associated costs.

Mission and Vision

Energy 350's mission is to "mine" energy efficiency as a resource to displace power plants, save businesses money, and protect the environment. The company envisions a future where energy efficiency plays a pivotal role in addressing climate change and promoting sustainable practices.

Industry Significance

Operating within the energy efficiency sector, Energy 350 contributes to reducing energy consumption and greenhouse gas emissions, aligning with global efforts to combat climate change. By offering specialized services, the company supports organizations in achieving sustainability goals and operational cost savings.

Key Strategic Focus

Core Objectives

Energy Efficiency Optimization: Identifying and implementing measures to reduce energy usage in commercial and industrial settings.

Cost Reduction: Assisting clients in lowering energy expenses through tailored solutions.

Sustainability Promotion: Encouraging environmentally responsible practices to mitigate climate change impacts.

Areas of Specialization

Energy Studies: Conducting comprehensive analyses to assess energy consumption patterns and identify savings opportunities.

Retrocommissioning: Optimizing existing building systems to enhance performance and efficiency.

Strategic Energy Management: Developing and implementing plans to manage energy use effectively over time.

Key Technologies Utilized

Data Analytics: Employing advanced analytics to model energy usage and forecast savings.

Building Management Systems: Utilizing software to monitor and control building energy systems.

Measurement and Verification Tools: Applying instruments to quantify energy savings and validate improvements.

Primary Markets Targeted

Commercial Buildings: Offices, retail spaces, and other non-residential properties.

Industrial Facilities: Manufacturing plants and warehouses.

Public Sector Organizations: Government buildings and educational institutions.

Financials and Funding

Funding History

Specific details regarding Energy 350's funding history, including total funds raised and recent funding rounds, are not publicly disclosed. The company operates as a private entity, focusing on delivering energy efficiency services without publicly available financial data.

Revenue

As of June 2025, Energy 350 reported an estimated annual revenue of approximately $15 million.

Utilization of Capital

While specific allocations of capital are not detailed, funds are likely directed towards expanding service offerings, enhancing technological capabilities, and supporting ongoing projects to drive energy efficiency improvements for clients.

Pipeline Development

Key Projects and Initiatives

Energy Trust of Oregon Industrial Program Management: Collaborating with Energy Trust of Oregon to implement the Production Efficiency program, delivering over 180 million kWh in energy savings.

Ductless Heat Pump and Water Heater Integration: Conducting lab and field tests on Mitsubishi’s prototype product combining a ductless heat pump with a heat pump water heater.

Anticipated Milestones

Program Expansion: Scaling existing programs to reach additional clients and achieve greater energy savings.

Technological Advancements: Integrating new energy-efficient technologies into service offerings.

Technological Platform and Innovation

Proprietary Technologies

Energy 350 utilizes proprietary methodologies to assess and implement energy efficiency measures, focusing on complex systems such as chiller plants, HVAC controls, fans, pumps, and industrial refrigeration.

Significant Scientific Methods

Energy Modeling: Creating detailed models to simulate energy consumption and identify optimization opportunities.

Retrocommissioning Protocols: Applying systematic approaches to re-tune building systems for enhanced performance.

AI-Driven Capabilities

While specific AI applications are not detailed, Energy 350 likely employs data analytics and machine learning techniques to analyze energy usage patterns and predict savings outcomes.

Leadership Team

Executive Profiles

Chris Smith: President. Leads the company's strategic direction and oversees operations.

Clark Fisher: Program Director. Manages program development and implementation, ensuring alignment with client needs.

Mike Christianson: Director of Customer Engagement. Focuses on client relations and engagement to foster long-term partnerships.

Nick O'Neil: Director of Research & Evaluation. Leads research and evaluation efforts to assess program effectiveness and identify improvement areas.

Kevin Campbell: Director of Strategic Energy Management. Guides strategic energy management initiatives, helping clients develop and execute energy plans.

Competitor Profile

Market Insights and Dynamics

The energy efficiency sector is experiencing growth due to increasing awareness of environmental issues and the economic benefits of energy conservation. Companies like Energy 350 are well-positioned to capitalize on this trend by offering specialized services that address both cost savings and sustainability goals.

Competitor Analysis

Freedom Forever: Specializes in solar energy solutions, offering installation and maintenance services.

SunPower: Provides solar energy products and services, including residential and commercial installations.

Momentum Solar: Focuses on solar energy solutions, offering design and installation services.

Palmetto: Offers solar energy solutions with a focus on customer education and financing options.

Trinity Solar: Provides solar energy products and services, including installation and maintenance.

Sunrun: Specializes in residential solar energy solutions, offering installation and financing.

Vivint Solar: Provides solar energy solutions with a focus on smart home integration.

Tesla Energy: Offers solar energy products and energy storage solutions.

Blue Raven Solar: Specializes in solar energy solutions, focusing on residential installations.

SolarCity: Provides solar energy services, including installation and financing.

Strategic Collaborations and Partnerships

Energy 350 collaborates with organizations like the Energy Trust of Oregon and the Northwest Energy Efficiency Alliance to enhance program delivery and effectiveness.

Operational Insights

Energy 350 differentiates itself through its specialized focus on complex energy systems and its commitment to delivering customized, high-quality energy efficiency solutions.

Strategic Opportunities and Future Directions

Strategic Roadmap

Program Expansion: Broadening the scope of existing programs to serve a wider range of clients.

Technological Integration: Incorporating advanced technologies to improve service delivery and outcomes.

Market Penetration: Entering new geographic markets to extend the company's reach.

Future Business Directions

Energy 350 aims to strengthen its position in the energy efficiency sector by enhancing its service offerings, fostering strategic partnerships, and leveraging technological advancements to meet evolving client needs.