What is Lower Electric?
Founded in 2001 by Ira Holtzman and Bill Schloss, Lower Electric operates as a specialized energy consultancy focused on cost optimization for business clients. The company provides critical procurement services for electricity and natural gas across deregulated states, including Illinois, Ohio, Pennsylvania, and Texas. By managing over 3,000 utility accounts, Lower Electric serves as a vital intermediary that simplifies energy management for both small enterprises and large-scale corporations. Beyond rate shopping, the firm integrates value-added services such as energy benchmarking and retrofitting, ensuring clients remain compliant with regional regulatory requirements while achieving long-term fiscal efficiency.
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 this late-stage capital, Lower Electric is poised to scale its proprietary procurement platform and expand its reach into additional deregulated markets. The strategic focus will likely shift toward enhancing its technological infrastructure to better handle the complexities of energy benchmarking and sustainability reporting. As energy volatility remains a primary concern for commercial entities, the company is strategically aligned to capture increased market share by offering data-driven insights that mitigate price risk. Future growth will likely involve deepening partnerships with retrofitting specialists to provide a comprehensive, end-to-end energy management solution that addresses both cost reduction and operational sustainability.
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