According to the EPA, buildings in the U.S. account for 36 percent of total energy used in the country and 65 percent of all electricity consumption, so any improvements in building energy efficiency that can be made provide a tremendous opportunity for huge benefits. That said, when it comes to energy, funding has tended to flow more freely towards renewable energy generation projects than towards energy efficiency projects — effectively creating a barrier to necessary work, which would otherwise make the country’s buildings far greener.
One energy efficiency and demand response financier is seeking to address this problem. “What is missing in the energy efficiency industry is akin to what is allowing solar to take off now,” says Mike Gordon, CEO of Joule Assets Inc, “There has been no ability to create investments, which can be re-bundled and sold to investors down the line.”
By doing just this, Joule Assets plans to correct the shortfall in energy efficiency projects by providing access to the necessary financing that will allow small- and medium-size contractors to unlock the potential in the market for energy efficiency work.Click to continue reading »