Cascade Energy launching efficiency tool for industrial companies
By Christina Williams
Sustainable Business Oregon editor
Cascade Energy will launch this week a Web-based software for tracking energy efficiency measures across a portfolio of industrial facilities.
Cascade Energy will launch this week its first product, wrapping two decades of work on industrial sector energy efficiency into a software platform that aims to help companies shrink their power bills.
At the World Energy Engineering Congress in Atlanta, Portland-based Cascade Energy will unveil Sensei, a Web-based software to track large and small energy-saving activity across a portfolio of industrial buildings.
"This is not just energy monitoring," said Dan Brown, Cascade Energy's vice president of product development. "This is for tracking all the actions you have to do to cut down on energy use."
It's the first product for 20-year-old Cascade Energy, the anchor tenant for Portland's Burnside Bridgehead project, which has built its business offering energy efficiency engineering and program management services for industrial clients. In 2011, the company landed a large contract to service 132 Americold locations. Other customers include Kroger and Sysco.
Sensei could be a game-changer for Cascade.
For the last six years, the company used software from other vendors on client accounts only to find that nothing completely met their needs. About a year ago, the company started developing its own tool in Sensei.
"It's in use by a couple of key customers and we still have a roadmap of features we will want to add," Brown said.
At 90 employees, Cascade officials decline to disclose revenue, but Brown said company growth has been brisk. Cascade services some 50 percent of all industrial facilities in the Northwest.
Sensei launches into a crowded but growing market. Pike Research estimates the market for industrial energy management technology will grow from $960 million in 2011 to $5.6 billion by 2020.
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