Cleantech Venture Ener.co Completes Development Year With $1.2 Million in Financing
By Ener.co, PRNEMonday, June 13, 2011
NEW YORK, June 14, 2011 -
Investment supports development and commercialization of Ener.co’s
clean energy technology innovations and produces a breakthrough in
HVAC&R energy efficiency using nanotechnology.
Ener.co, a cleantech company focused on new technologies that
improve building operations and energy efficiency, announced the
successful completion of $1,200,000 USD in initial financing. This
financing was completed with support from New York private equity
firm SPK Partners and UK private investors. The announcement was
made jointly by the President and CEO of Ener.co, Patrick M.
Rathje, and President of SPK Partners, Gregg Lerman.
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“The support and foresight of SPK Partners and our European
backers has enabled us to complete critical research, development,
and testing stages for our portfolio of break-through patents
pending building efficiency technologies and positioned us for
commercialization at scale,” said Rathje.
In the statement, Lerman added, “We are impressed with what
Rathje and the Ener.co team has accomplished in their development
year. Completed proof-of-concept demonstrations, patent filings,
and strategic relationships formed confirm our initial beliefs in
the value and growth prospects of this company.”
About SPK Partners
SPK Partners is a New York-based private equity firm with a
successful history of partnering with management to make both
control and non-control equity investments in growth companies.
About Ener.co
Founded in 2009, Ener.co provides innovative cleantech solutions
to optimize the environmental and economic performance of energy
converting existing and new construction buildings. These products
and services reduce the use of natural resources while providing
predictable and measureable return on investment through
significant energy, maintenance and operating cost reductions.
Ener.co’s patent pending suite of nanotechnology coil treatment
coatings improve energy efficiency and provide corrosion protection
of HVAC&R installations. With a typical project payback period
of less than a year and a half on energy savings, Ener.co’s carbon
nano technology coil treatments improve HVAC&R energy
efficiency, reduce maintenance costs and increase asset life. AVF,
Ener.co’s patent pending silica-based nano coating for glass
surfaces effectively eliminates cleaning costs for windows and
photovoltaic modules and produces certified power output increases
in solar voltaic systems. Ener.co is headquartered in New York, NY.
For more information, visit
Bill Westcott, +1-212-572-0783, bill.westcott at ener.co
Tags: Ener.co, June 14, New York
