Logical Buildings Raises $10M For National Expansion Of Virtual Power Plant Software That Reduces Carbon Emissions, Pays Consumers And Advances Energy Equity
Logical Buildings Raises $10M For National Expansion Of Virtual Power Plant Software That Reduces Carbon Emissions, Pays Consumers And Advances Energy Equity
12/09/21, 1:00 PM
Money raised
$10 million
Logical Buildings, the industry-leading sustainability, smart building, and virtual power plant (VPP) software and solutions provider for the built world, today announced the close of a $10 million funding round, led by Keyframe Capital. The funds will facilitate a national rollout of Logical Buildings’ VPP software, allowing real estate owners and managers to fulfill increasingly stringent Environmental, Social, and Governance (ESG) requirements. The GridRewardsTM mobile app enables consumers to participate directly in VPPs that earn them hundreds of dollars a year in rewards, create outsized carbon footprint reductions and prevent brownouts. GridRewards seamlessly and securely integrates with utility smart meters, thermostats and energy/carbon markets, turning millions of residential and small business customers into grid-interactive, efficient consumers instantly, fundamentally improving how energy markets function.
Company Info
Additional Info
Logical Buildings is an industry leading sustainability, smart building and virtual power plant software and grid-interactive efficient building solutions provider for the built world. Our revolutionary technologies are combating climate change by empowering residential, commercial, and industrial energy users to earn money, enhance building health and reduce carbon footprint, all from within user-friendly, award-winning mobile apps. Founded in 2012, the company now operates in major national urban markets, such as New York, Boston, Dallas, Los Angeles, San Francisco, Seattle, Washington, D.C., Jersey City, Chicago, and Miami, and more. To learn more, visit logicalbuildings.com and follow Logical Buildings on LinkedIn.