Blue Pillar Recognized by JMP Securities “Efficient Fifty” as a Leading Private Company in Industrial and Energy Technology
Blue Pillar’s Aurora™ Energy Network of Things™ platform and Energy Network-as-a-Service offering help energy providers drive a new era of efficiency and revenue-generating services
Based on its recent analysis of the industrial and energy technology industries, JMP Securities, a San Francisco-based investment bank, recognizes Blue Pillar in its inaugural Efficient Fifty Private Companies listing as a distributed resource management technology that helps energy providers and Commercial and Industrial (C&I) companies overcome reliability and resiliency challenges. Blue Pillar is also the first in market to offer Energy Network-as-a-Service (ENaaS), a turnkey energy networking solution. Blue Pillar was selected, in part, on its merits as a company that supports greater energy efficiency and operational flexibility, while also enabling improved relationships between energy service providers and their customers.
"What set Blue Pillar apart from many of the other companies we analyzed was Aurora's ability to simplify the chaos behind the meter," said Joseph Osha, Managing Director and Senior Research Analyst at JMP Securities. "The Aurora platform is revolutionizing the way companies think about achieving greater energy efficiency and resiliency in a way that sets it apart from the competition and puts it definitively on our Efficient Fifty Private Company list."
"We are honored to receive this recognition from JMP as we continue to provide companies of all types with ubiquitous access to behind-the-meter energy data and secure automated control over their energy assets and systems," notes Tom Willie, CEO of Blue Pillar. "Our C&I customers are proving they can operate their facilities more sustainably, efficiently, safely, and with greater resiliency to unexpected events. Our energy provider customers are embracing Aurora to expand the grid edge, allowing them to collaborate more deeply with some of their most important C&I customers, which is providing a win/win situation for all parties involved."
With the inaugural version of the Efficient Fifty Private Company Handbook, JMP evaluated more than 250 companies in industrial and energy technology in the pursuit of singling out companies that fit into the following four categories: Intelligent Infrastructure; Intelligent Industry; Smart Assets; Energy Storage. Also included are companies that fall into the cross section of where these four categories meet. The 50 companies selected have one thing in common: they are all about being smarter and more efficient. They run the gamut in size, with 17 of the 50 being at the $10 million in revenue range while eight of the companies show revenues of $50 million or greater. They have raised a total of $2.65 billion in equity financing since 2010, with projections showing 2017 likely to exceed 2016's record of $588 million raised among the companies.
Along with Blue Pillar, featured companies in the Efficient Fifty list include Enbala Energy Networks, Spirae, AutoGrid, STEM, Advanced Microgrid Solutions, Sentient Energy, Aclara, and others. For a hardcopy of the complete Efficient Fifty report, please contact Joseph Osha at JMP Securities via email at josha(at)jmpsecurities.com.
About Blue Pillar
Blue Pillar connects the Energy Things that power our world. The only IoT solution to unite all Energy Things onto a single platform, Blue Pillar unleashes the power of real-time data to strengthen critical infrastructure and accelerate business. Blue Pillar's Aurora is automated through a template-driven process where security is built-in from sensor to cloud. With Blue Pillar, companies have unprecedented insight into their energy needs to become more efficient and have peace of mind that when the grid goes down, their business will continue forward. Learn more at Blue Pillar or on Twitter at @bluepillarinc.