Noveda Technologies

What Noveda Technologies does

Noveda Technologies, Inc. is a privately held SaaS company founded in 2006/2007 and headquartered in Branchburg/Bridgewater, New Jersey, that provides real-time web-based energy and water monitoring solutions to commercial, government, educational, healthcare, retail, utility, and industrial customers. The company's patented platform ingests meter data (electricity, natural gas, steam, fuel oil, water) at one-minute intervals from on-site hardware gateways and delivers analytics, alerts, and dashboards via a cloud-based application accessible from any browser or mobile device. The product portfolio centers on EnergyFlow Monitor (granular energy/water tracking), EnergyFlow CXL (load-level and tenant sub-metering for capex ROI and LEED M&V), SunFlow Monitor (solar PV and wind performance verification against expected yield given weather and temperature), Water Monitoring with the patented iQuatic/SLAS leak detection system, Portfolio Tracker and Portfolio Operator's Portal (multi-site views), the Building EKG mobile application, Carbon Footprint Monitor, MakeMeSustainable (a 2011 acquisition providing Facebook-integrated sustainability engagement), and iTerate (real-time collaboration and training).

Noveda monetizes through a hybrid model combining SaaS subscriptions (monthly), hardware/data acquisition unit sales, professional services delivered by certified energy professionals (PE, LEED AP, CEM, CSBA, CEA, NEBB), an outcome-based Energy Savings as a Service (NESaaS) offering under which the company finances the efficiency project and shares realized savings with the customer, and technology licensing (e.g., the exclusive five-year renewable IntelliNET LMS license to ForceField Energy for the US, Canada, and Mexico). Distribution combines direct enterprise field sales with exclusive regional distributors (Energy Ottawa/Hydro Ottawa in Canada), cross-marketing and licensing partners (ForceField Energy), and facilities-management channel partners (ARAMARK for North American higher education campuses). Per company materials, Noveda's solutions are deployed across more than 3,500 locations in 33+ countries and monitor more than 10% of US commercial solar PV installations, with named enterprise customers including PSE&G, Newark Public Schools (80+ buildings), the Green Schools Alliance/NYC Department of Education, Liberty Science Center, Bayer MaterialScience (EcoCommercial Building Network), and NRDC.

The company has raised approximately $8.95 million across disclosed rounds between 2011 and 2019 (ECA Ventures in 2011, an undisclosed round in 2013, and an ID Global Corporation transaction in 2019) and has operated without public financial disclosure; the most recent verifiable product, partnership, and regulatory milestones in the source corpus date to 2014-2016 (Green Schools Alliance, ForceField IntelliNET license, NESaaS launch, Energy Ottawa distribution, NYSERDA RTEM qualification).

Name

Noveda Technologies

Legal name

Noveda Technologies, Inc.

Website

https://noveda.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Noveda Technologies is a privately held SaaS provider of real-time, web-based energy, water, and solar PV monitoring solutions, serving commercial, government, education, healthcare, retail, utility, and industrial customers across 3,500+ locations in 33+ countries.

Ownership category

akta.pro rank

Product category

Energy and Water Monitoring Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (5415)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI)

akta.pro secondary industries

Online Monitoring, Sensors & Instrumentation (SCADA-integrated analyzers, probes, samplers) (EUANAJAC), SCADA/HMI Platforms (IMAGABAB)

Keywords

• Energy monitoring software
• Water management platform
• Solar pv monitoring
• Building energy analytics
• Sustainability SaaS

Headquarters

HQ city

Bridgewater

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Operations

Revenue model

1. SaaS Subscription: Software as a service subscription model providing access to monitoring platforms with data storage, analytics, and web-based access. No software installation required; data accessible from anywhere. Works right out of the box.
2. Hardware/Data Acquisition: Sale of hardware components for data acquisition from meters including electric, gas, steam, fuel oil, and water meters. Hardware collects data at 1-minute intervals and transmits to secure servers.
3. NESaaS (Energy Savings as a Service): Fully financed efficiency solutions requiring zero capital expenditure from customers. Customer pays monthly from savings generated. Company retains up to 40% of savings over contract term. Integrated solution with monitoring, controls, and 100% funding in service contract.
4. Technology Licensing: Licensing of proprietary technology including IntelliNET Luminaire Management System to partners like ForceField Energy for specific markets and applications. Five-year renewable agreement covering US, Canada, and Mexico for LED lighting management.
5. Building Optimization Services: Professional consulting services including certified professionals (PE, LEED AP, CEM, CSBA, CEA, NEBB) with over 150 years collective experience. Services include net-zero building development, building optimization, and energy efficiency project implementation. Assistance obtaining rebates, tax credits, carbon credits, and grants.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Noveda Technologies provides a patented SaaS platform for real-time web-based energy, water, and renewable energy monitoring. The system collects meter data (electric, gas, steam, fuel oil, water) at one-minute intervals via IoT hardware and transmits it to secure cloud servers, enabling facility managers, CFOs, and sustainability officers to identify waste, verify savings, and optimize building performance across portfolios. Complementary offerings include hardware for data acquisition, NESaaS (Energy Savings as a Service) fully-financed efficiency solutions, and professional building optimization services.

Product overview

Noveda Technologies offers a comprehensive SaaS-based energy and water management platform delivered through its A+ solution architecture. The core platform includes EnergyFlow Monitor for real-time energy and water tracking, EnergyFlow CXL (Capex Lens) for granular load-level monitoring and tenant sub-billing, and Portfolio Tracker for multi-site monitoring. Solar PV and wind monitoring is handled by SunFlow Monitor and Portfolio Operator's Portal. Water management features include Water Monitoring and iQuatic leak detection. The portfolio also includes MakeMeSustainable (acquired brand) for social media-based sustainability engagement, Carbon Footprint Monitor for environmental impact visualization, Building EKG App for mobile access, iTerate for real-time collaboration, and the Noveda Certified Student Engineer education program. Building Optimization Services provides professional consulting. All solutions are delivered as SaaS with no software to maintain and data accessible from anywhere.

Differentiator

Problem solved

Functional benefit

Brands

• Building EKG: Mobile application for management of renewable energy production, energy consumption and water usage in real-time, available on iPhone and iPad.
• EnergyFlow Monitor
• EnergyFlow CXL
• SunFlow Monitor
• Portfolio Operator's Portal
• MakeMeSustainable
• Carbon Footprint Monitor
• iTerate
• Noveda Certified Student Engineer (NCSE)
• iQuatic
• NESaaS
• IntelliNET LMS

Products and services

• EnergyFlow Monitor

Quantifiable outcome

• 15% average energy and water savings for customers using real-time monitoring
• +5 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

14 partnerships are on record, tiered core and minor.

• NYSERDA (New York State Energy Research and Development Authority)coreStrategic or Co-development Partner · 22 July 2016Noveda platform selected as qualified system provider for NYSERDA's Real Time Energy Management (RTEM) program. Enables New York State customers to access Noveda's patented energy and water monitoring solutions through NYSERDA incentives.
• Hydro Ottawa / Energy OttawacoreChannel Partner/ Reseller/ Distributor · 17 February 2015Energy Ottawa is exclusive Canadian distributor for Noveda's EnergyFlow Monitor solution. Marketing web-based energy monitoring to Canadian commercial, industrial, and institutional customers.
• ForceField EnergycoreOEM/ Whitelabel/ Licensing Partner · 8 December 2014Exclusive five-year licensing agreement (renewable) for Noveda's IntelliNET Luminaire Management System covering US, Canada, and Mexico. ForceField retains exclusive rights for LED lighting controls technology with integrated measurement and verification.
• ForceField EnergycoreGTM or Marketing Partner · 30 July 2014Cross-marketing agreement to deliver LED lighting and energy savings solutions worldwide. Noveda products installed in over 3,500 locations offered alongside ForceField's LED products and installation capabilities. Both companies offer extended complementary solutions to respective customers.
• Green Schools AlliancecoreStrategic or Co-development Partner · 23 July 2014Exclusive partnership to bring energy and water management tools to Green Schools Alliance member schools. All member schools gain access to cutting-edge monitoring systems, advanced analytics tools, and conservation technologies. Partnership includes NYC Department of Education with 1,800 schools.
• Edison Electric InstituteminorStrategic or Co-development Partner · 21 March 2012Associate Member of EEI, the association of U.S. shareholder-owned electric companies. Provides forum for dialogue with energy community on resource management. EEI member companies represent 95% of shareholder-owned electric industry.
• USGBC (U.S. Green Building Council)coreStrategic or Co-development Partner · 15 December 2011Partnership to develop new application for LEED Automation program. Application available through USGBC's online App Lab for browsers, tablet PCs, and smartphones. Supports LEED green building certification system with over 43,000 projects participating.
• ARAMARKcoreStrategic or Co-development Partner · 19 October 2011Strategic partnership to develop and implement energy and water management solutions for higher education campuses across North America. Noveda provides data acquisition hardware, software, and operations portal for facility managers. Partnership includes interactive dashboards and campus-wide energy competitions.
• Bayer MaterialScience (EcoCommercial Building Network)coreStrategic or Co-development Partner · 5 October 2011Noveda added to ECB Network to provide energy monitoring for Bayer's EcoCommercial Building projects worldwide. Monitoring deployed at ECB Conference Center (Pittsburgh), and buildings in Monheim (Germany), Greater Noida (India), and Diegem (Belgium). Validates sustainability and economic viability of commercial buildings.
• PSE&G (Public Service Electric and Gas)coreTechnology or Integration · 4 October 2011PSE&G uses Noveda's web-based monitoring solutions for all solar PV plants installed in New Jersey. Portfolio Operator's Portal monitors entire solar PV portfolio. Building EKG app provides plant managers with real-time operational information.
• MakeMeSustainablecoreTechnology or Integration · 12 July 2011Acquisition of MakeMeSustainable, an energy efficiency software and services company headquartered in Boston, MA. Transaction funded through cash and Noveda stock. MMS founders and employees joined Noveda. MMS provides energy and environmental assessment tools including Effacility audit tool and consumer carbon calculator.
• Rimat Group / Aqua-RimatminorStrategic or Co-development Partner · 14 April 2011MOU to explore synergies in technology development and market expansion for water monitoring and leak detection solutions. Aqua-Rimat's patented LEAK BUSTER products integrated with Noveda's monitoring platform for commercial, industrial, and residential markets.
• Liberty Science CentercoreStrategic or Co-development Partner · 7 April 2011Partnership since 2008 with major cost-savings and green-minded outcomes. Liberty Science Center uses Noveda's energy monitoring technology. Noveda received Distinguished Mission Advance Award recognizing exemplary commitment to partnership. Center achieved 43% energy reduction and $800,000 annual savings.
• Wysine TechnologiesminorStrategic or Co-development Partner · 11 October 2010MOU signed to explore strategic alliance for technology development and market expansion worldwide. Joint evaluation of customized software and hardware requirements for real-time energy monitoring solutions for industrial, commercial, and residential markets. Plans for global network operations center.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• EnergyCAP: EnergyCAP is a SaaS energy and sustainability management platform focused on utility bill tracking, benchmarking, and energy reporting for commercial, institutional, and government customers — directly comparable to Noveda's energy and water monitoring SaaS offering.
• Lucid (by Arcadia): Lucid provides building energy analytics and benchmarking software (now part of Arcadia's energy data platform) used by enterprises and utilities for energy management — a direct competitor to Noveda's EnergyFlow Monitor and Portfolio Tracker.
• eSight Energy: eSight Energy is a SaaS-based energy management software provider for commercial and industrial buildings with real-time monitoring, analytics, and benchmarking — a direct competitor to Noveda's EnergyFlow and Portfolio Tracker products.
• Verdigris Technologies: Verdigris provides AI-powered energy monitoring hardware and cloud analytics for commercial and industrial facilities, closely comparable to Noveda's combined hardware-plus-SaaS model for real-time energy monitoring.

Broad incumbents

• EnerNOC (Enel X Way / Enel Group): EnerNOC, now part of Enel X, was a leading energy intelligence and demand-response platform serving commercial and industrial customers; its energy management software overlaps with Noveda's enterprise energy monitoring offerings.
• Schneider Electric (EcoStruxure): Schneider Electric offers EcoStruxure, a broad building and energy management platform with real-time monitoring and analytics for commercial buildings and utilities — a much larger incumbent competing against Noveda in the same customer base.
• Honeywell Forge: Honeywell Forge is an enterprise performance management platform with energy and sustainability modules for buildings and industrial sites; competes broadly with Noveda in commercial and institutional accounts.
• Johnson Controls OpenBlue: Johnson Controls' OpenBlue platform combines building automation with energy analytics and sustainability reporting, serving many of the same healthcare, education, and government customers targeted by Noveda.

Emerging players

• Bidgely: Bidgely offers AI-driven energy disaggregation and customer engagement solutions for utilities and energy retailers, partially overlapping with Noveda's energy monitoring and sustainability engagement offerings (MakeMeSustainable).
• Uplight: Uplight provides energy management, customer engagement, and demand-response solutions for utilities and their commercial customers — overlapping with Noveda's utility and energy monitoring offerings for the same buyer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/noveda
• Facebookfacebook.com/104974846773
• LinkedInlinkedin.com/company/noveda-technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noveda Technologies