What is Lower Electric?
Founded in 2001 by Ira Holtzman and Bill Schloss, Lower Electric specializes in helping business clients across the country reduce their energy costs in deregulated states by shopping for the best rates for electricity and natural gas. The company has a proven track record, having assisted over 3,000 utility accounts in states such as Illinois, Ohio, Pennsylvania, and Texas. Lower Electric offers comprehensive services designed to save clients time and money while effectively managing their energy expenditures over time. They also collaborate with partners specializing in retrofitting and benchmarking, services often mandated in various regions.
How much funding has Lower Electric raised?
Lower Electric has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Lower Electric
PPP
Public-Private Partnership
What's next for Lower Electric?
With its substantial total funding and recent strategic investment, Lower Electric is well-positioned for continued expansion and market leadership. The company's focus on cost reduction in deregulated energy markets aligns with ongoing trends towards energy efficiency and cost management for businesses. Future growth is likely to involve scaling operations to serve more clients across existing and new deregulated territories, potentially exploring new service offerings or technological integrations to further enhance their value proposition in energy procurement and management.
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