EnergyX

EnergyX Solutions Inc., established in 2016, operates as a marketing automation company with a focus on energy efficiency. The Toronto-based cleantech firm was co-founded by Nishaant Sangaavi, who serves as CEO, and Alex Corneglio, the company's CTO. Sangaavi's motivation to start the company stemmed from his personal frustrations with utility companies and the difficulty in accessing information to make energy-saving improvements in his own home. His background includes leading global business development and marketing teams, a Bachelor of Science from Dalhousie University, and an International MBA from the Schulich School of Business. Corneglio's expertise lies in strategic operations and engineering for energy companies in the U.S. and Europe, holding a Bachelor of Science in Engineering from the University of Michigan and an M.B.A. from the Rotterdam School of Management.

The company's core business revolves around a cloud-based, software-as-a-service (SaaS) platform designed for utility companies, energy providers, and government entities. This platform, known as MyEnergyXpert, automates the process of engaging residential and commercial customers in energy efficiency programs. It uses data science, artificial intelligence, and machine learning to analyze building performance, identify energy conservation opportunities, and provide customized energy-saving recommendations. The technology generates evaluation-grade energy assessments at scale, aiming to bridge the information gap for consumers and empower them to make smarter energy choices.

EnergyX Solutions generates revenue through this SaaS model, licensing its white-label platform to utilities. The business model is structured to increase customer participation in utility-run programs, lower the administrative costs for these providers, and deliver valuable market data. The platform manages the entire workflow, from initial digital energy scans and audits to facilitating retrofits and tracking progress through a real-time dashboard. By automating personalized communication and program enrollment, the company helps its partners achieve higher net savings and meet their energy efficiency targets. The firm has successfully raised capital, including seed funding rounds and investment from entities like the MaRS Investment Accelerator Fund, to fuel its expansion into the United States and Atlantic Canada.

Keywords: energy efficiency software, utility customer engagement, SaaS, cleantech, building energy assessment, marketing automation for utilities, energy conservation programs, residential energy audits, commercial energy solutions, demand-side management, MyEnergyXpert, energy data analytics, retrofit management, utility program management, Toronto startup, Nishaant Sangaavi, Alex Corneglio, energy savings platform, customer engagement tool, behavioral energy efficiency