Search

ENERG3 Joins $50 Million Partnership


Chattanooga, Tenn. — Chattanooga-based ENERG3 has partnered with a Conn.-based asset management firm for a capital infusion of $50 million for energy efficiency and sustainability projects for EES Consulting and ENERG3 clients. The fund is particularly interested in solar roofs and combined heat and power solutions for commercial and industrial applications.

Often 35 to 70 percent of project costs can be paid through grants, utility rebates and tax incentives, providing clients with reduced utility rates for little to no cost. In jurisdictions that allow funding from power purchase agreements, ENERG3 provides solutions without capital and in return lowers the utility operating expense.

ENERG3 purchased Energy Efficiency and Sustainability Consulting (EES) in Jan. 2016. ENERG3 operates its global headquarters out of the INCubator, where the local EES Chattanooga franchise originally launched. They maintain independent branch offices in Austin, Boston, Chicago and Houston.

“Without the INCubator and support from the Tennessee Small Business Development Center as a start-up (EES), we wouldn’t have the level of success that we do today,” said Dan LeVan, ENERG3 CEO.

“ENERG3 is a perfect example of the kind of company that the Chamber INCubator program nurtures,” said Charles Wood, VP of Economic Development at the Chattanooga Chamber of Commerce. “The Incubator’s partnership with the Tennessee Small Business Development Center is a valuable tool for emerging and small businesses, and we wish ENERG3 continued success.”

ENERG3 provides technology solutions to reduce energy loads, production of on-site energy and sustainable management for primarily commercial and industrial businesses, but is exploring underserved municipalities in rural Tenn. and Ga.

“It’s wonderful to see our INCubator businesses growing,” said Hamilton County Mayor Jim Coppinger. “ENERG3 is certainly one to watch, and we can’t wait to see where they go from here.”

“ENERG3 is making a difference by helping other organizations reach their sustainability goals, and we’re excited to watch their continued growth,” said Chattanooga Mayor Andy Berke.

Other Topics

As part of our commitment to fostering diversity and inclusivity within Chattanooga’s business community, the Chattanooga Chamber's Department of Diversity & Inclusive Growth proudly presents the Business Literacy Series. This comprehensive eight-month program serves as a cornerstone for empowering minority…

In 2023, The Co.Lab, our city's startup accelerator, and TennSmart, a statewide collaboration of public-private mobility industry leaders, issued a challenge to entrepreneurs near and far: help us address four of the logistics industry's most pressing issues:  Workforce optimization.   Smart…

Nominations for Protégé Chattanooga 2024-25 are officially open, announced Toya Moore, Leadership Development Director at the Chattanooga Chamber.   “Protégé Chattanooga is designed to support the development of young professionals to help them become our city’s future leaders,” Moore said.   “The…

Nominations are now open for Leadership Chattanooga’s Class of 2025.   During the program, participants will receive leadership development through immersive experiences marked by meaningful self-reflection, community service initiatives and networking opportunities, including meeting with local and state leaders.   The goal…

When Brandon Parrott texted a photo of his tomato basil soup to his mother, he had no idea it would lead to a business venture. Now, as a part of the LAUNCH Chattanooga Kitchen Incubator Startup Matrix program, his food…

All individuals deserve the opportunity to receive an education, engage in recreational activities and pursue a fulfilling career. Chattanooga is actively breaking down barriers to ensure equal opportunities for individuals of all abilities, spanning from childhood through adulthood.   Discover how…

Sign up for weekly updates.