Boston Business Journal Features WegoWise in “VCs finding ‘cleanweb’ not a dirty word.”

Friday, September 7, 2012

Boston Community Capital’s WegoWise was featured in the Boston Business Journal article, “VCs finding ‘cleanweb’ not a dirty word.”  The article, written by VC Editor Kyle Alspach, discusses the new wave of energy-related technology, dubbed “cleanweb.”  Alspach writes:

“At Boston-based WegoWise, the company’s goal is to help building owners get past some of the hurdles that have often hindered energy efficiency upgrades. The software taps information from utilities’ websites about a building’s usage of ‘wego’ — water, electricity, gas and oil — to quickly give a picture of how it’s performing.”
“One typical use case: For a property management company with 100 apartment buildings, the software could show the two most wasteful buildings, allowing the company to focus its energy audits there.”
“WegoWise built its product with the condition that it had to be affordable, said Barun Singh, founder and CTO of WegoWise.”
“‘We didn’t want to build something that relied on specialized hardware or metering configurations,’ Singh said. ‘We didn’t want to rely on the smart grid.’”