May 21, 2019
Contact: Sarah Seagraves,
Senior VP for Marketing
(405) 813-2403
[email protected]
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 C