Bright Power

Bright Power operates as an energy and water management partner for real estate owners, investors, and operators, with a particular focus on the multifamily housing sector. Founded in 2004 by Jeffrey Perlman, the New York-based company was established with the goal of integrating renewable energy and energy efficiency solutions to reduce the environmental impact of buildings in an economical way. Perlman, who holds a B.S. in Applied Physics from Yale University, started the company at age 25, leveraging his expertise as a Certified Energy Manager and solar-energy-system designer to address the energy challenges faced by building owners. He transitioned to the role of Chief Strategy Officer in 2023, with Andrea Mancino, a ten-year veteran of the company, becoming CEO.

The company's business model is centered on a comprehensive "Find-Fix-Follow" approach. This process begins with identifying energy and water waste through utility bill analytics and site investigations, followed by designing and implementing fixes to optimize building performance. Bright Power then provides ongoing monitoring and verification to ensure that financial and environmental goals are met. Its services are delivered through a combination of consulting, design, and turnkey project implementation. Revenue is generated through these services, which include energy audits, solar and HVAC system design, construction management, and compliance assistance with local energy laws. A key product is EnergyScoreCards, a cloud-based software platform that provides energy and water analysis, benchmarking, and measurement and verification for real estate portfolios.

Bright Power serves a diverse client base that includes building owners, management companies, developers, architects, and utility companies. The company has expanded its market presence over the years, notably through the acquisition of Ecological Partners in 2015, which solidified its position in the New York City market for local law compliance services. The firm has raised a total of $44.1M in funding, including a significant $24.5 million Series B round in 2021 led by BMO Impact Investment Fund and Generate Capital, to scale its solutions nationally.

Keywords: energy management, water management, real estate, multifamily housing, energy efficiency, renewable energy, building performance, energy audit, decarbonization, utility bill analytics, EnergyScoreCards, green building, sustainability consulting, solar design, HVAC optimization, project management, energy compliance, retro-commissioning, building optimization, net-zero design, property technology, clean tech, climate tech, energy savings, portfolio analysis, commissioning services, strategic energy solutions