THG Energy Solutions, LLC, is an innovative software-as-a-service energy data and technology provider
OKLAHOMA CITY — i2E, Inc. and the George Kaiser Family Foundation recently co-led a $4 million Series A investment round in THG Energy Solutions, LLC, a Tulsa and Austin-based provider of energy management and demand response technology serving multi-facility clients throughout North America.
The investment round included $1 million from the i2E-managed Oklahoma Seed Capital Fund, along with $500,000 each from the Oklahoma Angel Fund and the Accelerate Oklahoma investment fund, both of which are managed by i2E. The George Kaiser Family Foundation invested $2 million in the seed round.
“We are excited to work with two great partners, i2E and the George Kaiser Family Foundation,” said Dan Frey, President of THG Energy Solutions. “The investment will fund acceleration of commercial growth as we scale up efforts with industry partners. We are also continuing to expand and improve upon our data and technology platform and services.”
Founded in 2003 and acquired by current management in 2011, THG Energy developed and markets the Energy Intelligence Suite platform that collects electricity, gas, water and waste data for more than 50,000 commercial accounts in all 50 states, providing best practice benchmarking and analytics.
As a complementary product, THG Energy’s Automated Demand Response controller and platform, provides market-leading integration with utilities and grid operators for real-time events and prices.
“We combine real-time markets with automated load response and integration of a wide variety of assets and strategies,” Frey said. “We also provide measurement and verification of performance and savings.”
The Oklahoma Seed Capital Fund is a state-appropriated investment fund managed by i2E through the Oklahoma Center for the Advancement of Science and Technology (OCAST).
The Oklahoma Angel Fund is a pooled fund of individual angel investors, managed by i2E, which offers another source of potential investment for Oklahoma entrepreneurs.
About THG Energy Solutions, LLC
Founded in 2003, THG provides energy management tools and services to facilities across North America. Through its web-based Energy Intelligence Suite, energy and utility data is collected and centralized into actionable reporting structures; useful for multi-facility organizations and institutions. THG also enables advanced energy management strategies through its Automated Demand Response hardware and software solution. Based in Tulsa and Austin, Texas, THG Energy Solutions employs 20 professionals in its Oklahoma location and another 10 in Austin. www.thgenergy.com
About i2E, Inc.
With offices in Oklahoma City and Tulsa, OK, i2E’s nationally recognized services include business expertise and funding for Oklahoma’s emerging small businesses. i2E has more than $62 million of investment capital under management. www.i2E.org
About the George Kaiser Family Foundation
GKFF is a philanthropic organization focused on initiatives that work to reverse the generational cycle of poverty, especially for young children and their families, by eliminating health disparities and working to increase access to quality health care for low-income families and underserved communities. The foundation has a $3.75B investment portfolio which is globally diversified. www.gkff.org
See i2E’s article for more info or i2E inquiries: i2E Inc. and the George Kaiser Family Foundation co-lead a $4 million investment in Tulsa-based THG Energy Solutions