Software Built By 10x’ers Helps Institutions Save Big On Energy

February 16th, 2015

Software built by 10x’ers is now helping many institutions optimize their energy conservation performance and reap great financial benefits through “Green Revolving Funds”, which treat green projects as investments and reinvest savings.

As reported in The New York Times, Investing in Energy Efficiency Pays Off, energy efficiency is an excellent financial investment that increasingly many institutions are taking seriously. Retrofitting buildings for energy conservation in the US could save $1 trillion over a decade, reduce emissions by 10% and create employment.

To help colleges, universities and others get onboard, The Sustainable Endowments Institute (S.E.I.) is providing step-by-step guidance to establish Green Revolving Funds (G.R.F.s) — funds that treat green projects as investments and reinvest savings. They also provide the Green Revolving Investment Tracking System (GRITS) built by our 10x’ers Constantine Vetoshev and Arvel Hernandez, who are based in San Francisco.

The Green Revolving Investment Tracking System (GRITS 1.0) web tool is designed to help institutions better manage and analyze project-level energy, financial and carbon data. GRITS provides an intuitive interface to better track performance data from energy efficiency and other resource conservation measures. GRITS also offers access to a growing Project Library, which includes the name of the institution, description and detailed performance data for each of the more than 300 projects currently being shared.

Here’s a quick video demonstrating how the software helps users manage their projects: