Company Launches Flagship Product With Improved Features, Builds Customer List, and Bolsters Executive Team
Oakland, CA, Jan. 8, 2016 — MACH Energy, the leading provider of commercial real estate (CRE) energy management solutions announced today a highly successful 2015, during which the company expanded its reach and impact in many ways:
- Launched MACH Energy Insights with easy set-up, increased tenant billing and mobile capabilities.
- Released the largest industry research survey and white paper on building energy management system adoption.
- Strengthened senior management with two new hires and a new appointment to the board.
- Built out MACH building portfolio with 15% bookings growth. MACH now has more than 100 portfolio customers.
- Insights has helped identify real and measurable energy savings to its customers, as well as increased ENERGY STAR scores.
Central to the company’s success is the launch of MACH Energy Insights, a comprehensive and flexible software platform that automatically identifies, quantifies using utility grade tariff engines and tracks savings Initiatives. In fact, the system has already identified opportunities equal to $60 million savings, 14,700 ENERGY STAR points, reducing the collective carbon footprint by 361,000 tons of CO2.
The system also saves building personnel’s time by automating time consuming tasks like energy budgets, tenant billing or tariff based alerts via pushed updates or easy to use mobile access. Insights can be set up and installed quickly and easily via MACH’s hundreds of utility importers or via MACH’s team of experts.
“In 2015, MACH Insights has led to strong enthusiasm and growth in our customer base, by adding leaders such as publicly traded Hudson Pacific, well regarded institutional advisors like L&B Realty Advisors and our first buildings in Canada,” said Jon Moeller, CEO of MACH Energy. “We have also been able to leverage our experience and talent to enhance our solutions for customers, and we look forward to 2016, where we will continue to focus on our customer experience, delivering easy setups, reduced complications and most of all, savings in both energy and time.”
To do so, MACH invested heavily in both client services and marketing in 2015. Kristin Rock was hired as VP of Client services in early 2015 after having a similar role helping improve retention and response at Phoenix Energy Technologies (recently acquired by Duke Energy).
Wei-En Tan, Ph.D. joined MACH in Q2 2015 as VP of Marketing after leading marketing for Joule Assets and Elster, a multi-billion dollar smart grid and metering company. Her team has since conducted the largest industry survey (with more than 900 respondents) and white paper on building energy management software, in which many findings have been incorporated in Insights. The report has elicited significant interest amongst both media and industry professionals, and is available to interested parties here.
Finally, MACH also welcomed Tom Donoghue as a board advisor. Tom brings with him a unique and dynamic real estate skill set, and was most recently SVP of Operations for Equity Office. For more than ten years, Tom oversaw a 22-million-square-foot portfolio, culminating in a highly successful sale of the portfolio. “We saved millions using MACH Energy at Equity Office and I look forward to helping MACH position the company to help other owners and operators.”
About MACH Energy
MACH Energy Inc. is a leading provider of CRETech energy management solutions for commercial real estate property managers, operators, engineers, and owners. With some of the nation’s most iconic buildings under management, MACH counts hundreds of commercial, REIT, hotel and corporate building owners as customers encompassing hundreds of millions of square feet of properties across the country.