VEIC
VEIC is a 40-year-old nonprofit clean energy consultancy that designs, administers, and implements energy efficiency, transportation electrification, and decarbonization programs for utilities, state and federal agencies, transit authorities, and foundations across the United States.
- Company typePrivate
- Founded1986
- HeadquartersWinooski, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What VEIC does
VEIC (Vermont Energy Investment Corporation) is a 501(c)(3) nonprofit clean energy consultancy founded in 1986 and headquartered in Winooski, Vermont, with offices in Washington, DC and Columbus, Ohio. The organization designs, implements, and administers energy efficiency, building decarbonization, transportation electrification, and clean grid programs on behalf of government agencies, utilities, transit authorities, foundations, and businesses. Its core capabilities span six service areas: Program Solutions, Fleet Solutions, Pilots, Federal Funding Navigation, Decarbonization Planning, and Marketing & Education, with the latter delivered through an in-house creative agency that conducts audience research, focus groups, and paid-media campaigns. VEIC's flagship proprietary assets are five wholly owned program sub-brands that act as regulated or contracted service delivery vehicles — Efficiency Vermont (the nation's first statewide regulated energy efficiency utility, 1999/2000), the DC Sustainable Energy Utility (DCSEU), Efficiency Smart (serving 60+ American Municipal Power member utilities across OH, MI, PA, DE), the Renewable Energy Resource Center (Vermont), and Drive Electric Vermont.
VEIC generates revenue through two primary streams: (1) long-term government contracts and regulated program administration for statewide energy efficiency utilities (managed-services revenue tied to ratepayer-funded program budgets), and (2) fee-for-service consulting for decarbonization planning, federal funding navigation (Home Energy Rebates, Climate Pollution Reduction Grants under the IRA/BIL), pilot program design, and technical assistance. Customer segments are segmented horizontally across utilities, state energy offices, transit agencies and fleet managers, businesses and institutions, federal/state/local government, and foundations/nonprofits. Since 2000, VEIC's programs have delivered $6.8 billion in lifetime customer savings, avoided 116,369,836 metric tons of CO2e emissions, and reached underserved/renter/low-to-moderate-income households for 54% of 2025 impact. The organization is led by CEO Rebecca Foster (appointed March 2021) and governed by a Board of Directors chaired by Oswaldo Acosta.
VEIC firmographics
Firmographics- Name
- VEIC
- Legal name
- Vermont Energy Investment Corporation
- Website
- https://veic.org
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- VEIC is a 40-year-old nonprofit clean energy consultancy that designs, administers, and implements energy efficiency, transportation electrification, and decarbonization programs for utilities, state and federal agencies, transit authorities, and foundations across the United States.
- Ownership category
- akta.pro rank
VEIC industry classification
Industry- Product category
- Clean Energy Consulting and Program Administration
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Computer Systems Design and Related Services (54151)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE)
Keywords
Where VEIC is headquartered
LocationHeadquarters
- HQ city
- Winooski
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
VEIC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Government Contracts & Program Administration: VEIC administers energy efficiency utility programs under contract with state governments and agencies. They operate Efficiency Vermont (the nation's first statewide regulated energy efficiency utility), DC Sustainable Energy Utility, and Efficiency Smart for Ohio utilities.
- Consulting Services: Fee-for-service consulting for decarbonization planning, federal funding navigation, program design, and technical assistance to utilities, energy offices, transit agencies, businesses, and foundations across the country.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
VEIC product offering
Product offeringCore offering
VEIC is a nonprofit clean energy consulting and program implementation organization that designs, administers, and delivers energy efficiency, building decarbonization, transportation electrification, and clean grid programs on behalf of government agencies, utilities, and other entities. It operates regulated energy efficiency utilities such as Efficiency Vermont and the DC Sustainable Energy Utility, and provides consulting services spanning program design, fleet electrification planning, federal funding navigation, decarbonization strategy, and marketing and education for clean energy adoption.
Product overview
VEIC (Vermont Energy Investment Corporation) is a nonprofit clean energy consulting organization that operates a portfolio of energy efficiency and decarbonization programs. Rather than a unified software product, VEIC functions as a service organization that designs, implements, and operates energy programs on behalf of government agencies, utilities, and other entities. Its core offerings are delivered through six capability areas (Program Solutions, Fleet Solutions, Pilots, Federal Funding, Decarbonization Planning, and Marketing & Education) and five branded program sub-entities (Efficiency Vermont, DCSEU, Efficiency Smart, Renewable Energy Resource Center, and Drive Electric Vermont). These programs deliver energy savings, electrification, and clean energy solutions to residential, commercial, and institutional customers across multiple U.S. states.
Differentiator
Problem solved
Functional benefit
Products and services
- Program Solutions (Energy Efficiency Program Design & Implementation)
- Fleet Solutions (Fleet Electrification Consulting)
- Pilots (Pilot Program Design)
- Federal Funding Navigation
- Decarbonization Planning
- Marketing & Education
- Efficiency Vermont
- District of Columbia Sustainable Energy Utility (DCSEU)
- Efficiency Smart
- Renewable Energy Resource Center (RERC)
- Drive Electric Vermont
Quantifiable outcome
- $6.8 billion in lifetime customer savings delivered since 2000
- +3 more outcomes
Companies that use VEIC
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles6 records
VEIC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
VEIC partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and supporting.
- Massachusetts Clean Energy Center (MassCEC)coreMassCEC selected VEIC to develop consumer education web pages explaining EV incentives, clearing misconceptions, and highlighting benefits of driving electric. Pages are tailored to residents, businesses, dealerships, and people living in communities serviced by municipal light plants (MLPs). Content available in six languages and informed by market research and focus groups.
- Small Planet SupplysupportingSmall Planet Supply used Quick Start Grant (administered by VEIC for TECH Clean California) to create pre-designed central heat pump boiler system using natural refrigerants, installed in 40-unit low-income farmworker family community.
- Sacramento Municipal Utility District (SMUD) and City of SacramentosupportingSMUD and City of Sacramento used Quick Start Grant to pilot installing heat pumps and weatherization upgrades in income-qualified homes through a neighborhood-level approach integrated with existing anti-displacement program.
- Diversity CoalitionsupportingDiversity Coalition used Quick Start Grant funding to develop tailored educational messaging for low-income communities and communities of color, creating playbook of messaging strategies for equitable electrification.
- The Nature ConservancycoreVEIC partnered with The Nature Conservancy to develop a toolkit of policies, programs, and education strategies to advance EV adoption in rural Northern New England communities (Maine, New Hampshire, Vermont). The toolkit provides actionable, data-driven reference for stakeholders to deliver economic, health, and environmental benefits.
- TECH Clean CaliforniacoreVEIC selected as part of team to implement California's TECH Initiative. VEIC administered Quick Start Grant program for TECH Clean California to support innovative heat pump adoption projects in underserved communities.
- Green Path StrategiessupportingVEIC partnered with Green Path Strategies and local community-based organizations to conduct focus groups in various formats to validate design approaches for EV education programs.
- Lawrence Berkeley National LaboratorysupportingVEIC partnered with DOE and Lawrence Berkeley National Labs on 50001 Ready program training cohorts for manufacturing plants, commercial buildings, multi-family buildings, and government facilities.
- U.S. Department of EnergycoreVEIC began partnering with DOE in 2020 to train business cohorts to complete the 25-step 50001 Ready energy management program. Since 2020, VEIC has run cohorts with various facility types.
- Martha's Vineyard Transit AuthoritycoreVEIC worked with VTA to transition to partially electric bus fleet using microgrid infrastructure. Collaboration laid foundation for nation's first integrated clean, resilient, and flexible public transportation system. Project includes solar panels and energy storage allowing VTA to charge vehicles overnight.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
VEIC competitors and assessment
Company assessmentDirect peers
- CLEAResult: CLEAResult is one of the largest North American energy efficiency program administrators, now part of Generac. It competes directly with VEIC in designing and running utility energy efficiency, demand response, and electrification programs for utilities and state agencies.
- Resource Innovations: Resource Innovations (formerly Nexant) is a clean energy consulting and program administration firm serving utilities, state agencies, and regulators with energy efficiency, demand response, and grid modernization services, directly comparable to VEIC's service portfolio.
- Energy Solutions: Energy Solutions is a nonprofit that designs, implements, and evaluates energy efficiency and demand response programs for utilities, governments, and NGOs. Its program-administration mission and customer segments closely match VEIC's.
- Cadmus: Cadmus is an energy, environmental, and sustainability consulting firm that supports utilities and governments on energy efficiency program design, evaluation, and decarbonization strategy, overlapping significantly with VEIC's consulting capabilities.
- Opinion Dynamics: Opinion Dynamics is an energy efficiency research and evaluation firm providing program evaluation, market research, and EM&V services for utilities and program administrators like VEIC.
- Franklin Energy: Franklin Energy is an energy efficiency program implementation and consulting firm serving utilities, regulators, and governments across the US, directly comparable to VEIC's program administration and implementation work.
Broad incumbents
- ICF International: ICF is a large professional services firm with a substantial energy and environment practice supporting utilities, governments, and foundations on energy efficiency, climate, and federal funding work. It competes with VEIC across most consulting engagements.
- DNV: DNV provides energy advisory, testing, and certification services to utilities and governments worldwide, including energy efficiency program support and decarbonization advisory that overlaps with VEIC's work.
- TRC Companies: TRC is an engineering and consulting firm that delivers energy efficiency, utility program management, and grid modernization services. It is a broad competitor in the utility program administration space where VEIC operates.
- Navigant (now Guidehouse): Guidehouse (formerly Navigant Consulting) has a substantial energy, sustainability, and infrastructure practice advising utilities and governments on efficiency, electrification, and climate strategy, comparable to VEIC's consulting offerings.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
VEIC social profiles
Digital presenceVEIC financial estimates
Financial estimateRevenue estimate
Valuation estimate
VEIC leadership team
Management profileNumber of profiles
Profiles19 records
VEIC subsidiaries and ownership
Company hierarchySubsidiaries5 records
VEIC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VEIC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VEIC
What does VEIC do?
VEIC is a nonprofit clean energy consulting and program implementation organization that designs, administers, and delivers energy efficiency, building decarbonization, transportation electrification, and clean grid programs on behalf of government agencies, utilities, and other entities. It operates regulated energy efficiency utilities such as Efficiency Vermont and the DC Sustainable Energy Utility, and provides consulting services spanning program design, fleet electrification planning, federal funding navigation, decarbonization strategy, and marketing and education for clean energy adoption.
Is VEIC a public or private company?
VEIC is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was VEIC founded?
VEIC was founded in 1986. It employs 251 to 500 people.
Where is VEIC based?
VEIC is headquartered in Winooski, United States, in the North America region.
How does VEIC make money?
Two revenue lines are on record. Government Contracts & Program Administration is the primary driver. The others are consulting Services.
Who are VEIC's main competitors?
Direct peers on record are CLEAResult, Resource Innovations, Energy Solutions, Cadmus, Opinion Dynamics and Franklin Energy. Broad incumbents are ICF International, DNV, TRC Companies and Navigant (now Guidehouse).
Does VEIC have an API?
No public API is recorded for VEIC.
What industry is VEIC in?
VEIC's product category is Clean Energy Consulting and Program Administration. Its primary akta.pro industry code is EUAEANAE, SCADA/DMS/OMS Integration, Upgrades & Managed Services. Its NAICS code is 2211 and its SIC code is 4911.