Why Genea Energy Made Forbes List Of Most Promising Companies


Southern California-based Genea Energy is ranked number 13 on Forbes’ America’s Most Promising Companies list. Doug Schneider, Genea Energy’s CEO, said, “Forbes saw in Genea a special potential for growth, and that just echoes what our management team has been saying all along. We have a very special business — we’re just beginning to see its potential, and that’s exciting.”

Genea Energy offers a “highly interactive way of controlling and optimizing energy consumption in commercial office properties.” One of the company’s services, the Building Optimization Solution, provides building owners with a “web-enabled technology platform” that controls energy consumption and businesses processes.

On Genea Energy’s website, it lists the benefits a large real estate development company received from the Building Optimization Platform and the Energy Management Systems. The real estate company installed both throughout its properties. Both products reduced its tenants’ energy consumption by 15 percent, and saved 70 kilowatt hours, or about $7 million in energy savings, and saved enough carbon emissions to equal taking 5,300 cars off the road every year.

The Building Optimization Solution provides benefits to building owners, property managers, building engineers, and tenants, according to Genea Energy.

Benefits to buildings owners

  • Increases the value of individual buildings and the overall portfolio through increased net operating income (NOI)
  • Significantly reduces energy consumption and costs
  • Improves tenant experience and overall tenant satisfaction
  • Standardizes business processes and provides transparency across owner’s entire portfolio
  • Provides a business-positive sustainability strategy without significant upfront costs

Benefits to property owners

  • Increases revenue
  • Decreases costs
  • Decreases energy usage
  • Increases tenant convenience and satisfaction
  • Control and standardization of business process via the Web
  • Seamless integration into current systems
  • Training and support
  • Improved productivity

Benefits to building engineers

  • Improves tenant comfort and satisfaction
  • Standardized business and operating processes
  • Automated tenant requests
  • Built-in auto-on/auto-off equipment scheduling
  • Ease of implementation and integration across disparate systems
  • Extends the life of HVAC equipment
  • Time to concentrate on the physical infrastructure and operating environment
  • Ability to directly impact NOI
  • Reduced maintenance costs

Benefits to tenants

  • Offers building tenants easier and more convenient access to energy services.
  • Empowers tenants to control, request and monitor energy use for greater comfort and individually contribute toward conservation efforts at their specific location.
  • Convenience—the ability to access to building energy services anytime from anywhere
  • Comfort—the ability to control comfort levels
  • Control—the ability to conserve energy and reduce energy costs

Gina-Marie Cheeseman

Gina-Marie is a freelance writer and journalist armed with a degree in journalism, and a passion for social justice, including the environment and sustainability. She writes for various websites, and has made the 75+ Environmentalists to Follow list by Mashable.com.

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  1. Pingback: Genea Energy: Making a Difference Through Energy Consumption | Truth Street

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