SCIenergy Raises $12 Million From Braemar Energy Ventures, Edison International, Mitsui USA and Existing Investors in New Round

SCIenergy Raises $12 Million From Braemar Energy Ventures, Edison 
International, Mitsui USA and Existing Investors in New Round of
Financing 
Managed Energy Service Agreement (MESA(R)) and Energyscape(TM)
Cloud-Based Software Establish Platform for Driving Mass Deployment
of Comprehensive Energy Solutions 
DALLAS, TX -- (Marketwired) -- 04/01/14 --  SCIenergy has raised $12
million to fuel the company's strategy to fundamentally disrupt the
economics for implementing energy solutions in buildings. The new
round was led by Braemar Energy Ventures and includes new investors
Edison Energy, a subsidiary of Edison International, and Mitsui USA.
Existing investors The Westly Group, DFJ Core, DFJ Growth and
Triangle Peak Partners also participated in the round.  
SCIenegy is developing the first energy infrastructure as a service
integrated platform, delivering a blend of cloud-based software and
project capital to drive the mass deployment of comprehensive energy
solutions in large buildings. Through its core solutions
Energyscape(TM) and the Managed Energy Service Agreement (MESA(TM)),
SCI's objective is to drive all stakeholders throughout the value
chain to fundamentally transform energy from a complex commodity into
a simple service that integrates with infrastructure to deliver a
reliable, consistent, high-quality environment.  
"Energy efficient buildings enjoy lower vacancy rates and higher
rental rates and achieve higher sales prices for more than comparable
buildings," said Steve Gossett Jr., CEO of SCIenergy. "Our goal is to
deliver Energy-Infrastructure-as-a-Service. Building owners and
tenants receive the benefit of building upgrades without the
complexities or financial risk. Contractors and financial
institutions, meanwhile, will see a huge increase in opportunities
and deal flow."  
"SCIenergy is tackling one of the biggest challenges in the energy
industry, namely, how do you make energy initiatives easy and
effective for property owners," said Bill Lese, managing partner at
Braemar. "The company's cloud-based platform and innovative financing
model streamlines projects and transforms energy initiatives from a
distraction with an uncertain outcome to an integral element of the
overall business strategy for owners." 
SCIenergy projects do not impact debt covenants or tax liens, require
independent public policy programs or place the risk of the
performance of the project on the building owners or tenants. By
de-risking building investments and providing consistent results,
SCIenergy expects to be at the forefront of the emerging market for
securitizing energy upgrades. 
"Commercial buildings consume nearly 19% of all of the energy in the
U.S. and most of them have not been optimized for energy
performance," said Oded Rhone, Vice President of Strategic Planning
at Edison International. "SCIenergy is pioneering a business model
that can recover a substantial amount of energy while improving the
indoor environment for building owners and occupants. Energy
customers need solutions like this to help them drive efficiency." 
Mitsui USA launched a joint venture to fund MESA projects in 2011.
"We are pleased to expand our relationship with SCIenergy," said
Matthew Maher, Director of New Business Development at Mitsui USA.
"The techniques being pioneered by SCIenergy and its partners will
ultimately be exported to multiple regions around the world." 
About Braemar Energy Ventures 
Braemar Energy Ventures is a venture capital fund making early- to
mid-stage investments in the energy technology sector. The firm's
principals have invested in more than 60 companies in the sector and
have more than 100 years of combined technical, operational and
financial experience in energy and energy-related industries. Braemar
partners with exceptional companies and management teams, in both
alternative and traditional energy markets, that can contribute to a
more profitable and efficient energy landscape through innovation and
marketplace expertise. Additional information is available at
www.braemarenergy.com or on Twitter at www.twitter.com/braemarenergy
or @BraemarEnergy. 
About Edison Energy 
Edison Energy, a subsidiary of Edison International, is focused on
providing energy services to industrial and commercial customers
across the nation. Edison Energy is identifying opportunities that
capitalize on industry change and leverage the company's core
strengths. Prime areas of interest are distributed generation,
electrification of transportation, water purification and power
management services to the commercial and industrial sectors. 
Edison International (NYSE: EIX), through its subsidiaries, is a
generator and distributor of electric power and an investor in energy
services and technologies, including renewable energy. Headquartered
in Rosemead, Calif., Edison International is the parent company of
one of the nation's largest electric utilities. 
About Mitsui & Co. (U.S.A.), Inc.
 Mitsui USA was incorporated in
1966 in New York as a wholly owned subsidiary of Mitsui & Co., Ltd.,
Tokyo, Japan, one of the most diversified and comprehensive trading,
investment and service enterprises in the world with 147 offices in
67 countries/regions as of March 1, 2014. Mitsui is multilaterally
pursuing business that range from product sales, worldwide logistics
and financing, through to the development of major international
infrastructure and other projects in the following fields: Iron &
Steel Products, Mineral & Metal Resources, Infrastructure Projects,
Integrated Transportation Systems, Chemicals, Energy, Food Resources,
Food Products & Services, Consumer Service, and Innovation &
Corporate Development. Mitsui USA aspires to meet the needs of its
customers as "Your Global Business Partner(R)", while remaining
committed to sustainable growth and good corporate citizenship. More
information on Mitsui USA may be found at www.mitsui.com/us. 
About SCIenergy 
SCIenergy integrates technology, services providers, and capital
markets to transform how building owners and occupants interact with
energy. SCIenergy enables the world to leverage energy efficiency as
an asset to make the world cleaner, more sustainable, and more
profitable. For more information, visit www.scienergy.com 
Press Contact
Michael Kanellos
Eastwick 
(415) 820-4176
Kanellos@eastwick.com 
 
 
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