Metrus Energy
Metrus Energy provides Energy as a Service financing to large enterprises, funding 100% of energy efficiency and sustainability upgrades with no upfront cost. Customers repay only from verified savings through the proprietary SESA contract; the company has been PE-backed by ECP since 2022.
- Company typePrivate
- Founded2009
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Metrus Energy does
Metrus Energy is a San Francisco-based private company founded in 2009 that pioneered the Energy as a Service (EaaS) financing model. The company provides pay-for-performance funding for energy and sustainability infrastructure projects at large enterprise customers, including universities, hospitals, manufacturing facilities, and warehousing operations across 34 U.S. states.
Under Metrus's proprietary Sustainable Energy Services Agreement (SESA), the company funds 100% of project costs, retains ownership of the installed equipment, and recoups its investment only from the energy savings the customer actually realizes. This structure passes performance risk to Metrus and avoids upfront capital outlays for the customer. Project sizes range from $1 million to over $50 million, with deployment across more than 940 sites. Measurement and verification is handled through internal M&V processes and surfaced via the proprietary CarbonCount scoring tool, which translates energy performance into customer-facing reporting.
Metrus generates revenue through ongoing service payments tied to measured savings, with contract terms typically spanning 5–15 years. The company was acquired by Energy Capital Partners (ECP) in July 2022 and has since scaled its commitments to $300 million for the Better Buildings Initiative, $200 million for America Is All In, and $100 million for the Global Cooling Pledge. Metrus operates an ESCO partner channel alongside utility and bank partners (Citi, KeyBank, National Grid, Eversource) and works with implementation partners including Siemens, Centrica, and SmartWatt.
Metrus Energy firmographics
Firmographics- Name
- Metrus Energy
- Legal name
- Metrus Energy Inc.
- Website
- https://metrusenergy.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Metrus Energy provides Energy as a Service financing to large enterprises, funding 100% of energy efficiency and sustainability upgrades with no upfront cost. Customers repay only from verified savings through the proprietary SESA contract; the company has been PE-backed by ECP since 2022.
- Ownership category
- akta.pro rank
Metrus Energy industry classification
Industry- NAICS
- Electric Lighting Equipment Manufacturing (33513), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electrical Work (1731), Electric Services (4911)
- akta.pro primary industry
- Performance Contracting & Energy-as-a-Service (EaaS) for Buildings (BPABAGAN)
- akta.pro secondary industries
- Utilities & Energy Management (Meters, Boilers, Chillers) (EDALALAH), HVAC & Industrial Ventilation (Chillers, AHUs, Exhaust, Filtration) (EUAEAFAE)
Keywords
Where Metrus Energy is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Metrus Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- EaaS Service Charges: Metrus earns revenue through service charges based on measured and verified energy savings. Customers pay a rate per unit of energy saved (e.g., $/kWh) set below their existing utility rates, resulting in immediate cost savings. Metrus retains ownership of equipment and earns returns based on project savings without marking up equipment or service costs.
- Performance-Based Compensation: Metrus only earns payment when projects perform. If savings are lower than expected, Metrus receives less. This pay-for-performance model transfers project risk from customer to Metrus.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Zero upfront cost Energy as a Service solution |
| Other | Multi-year contract | Project size range |
| Subscription | Annual | Senior Business Development Manager compensation |
| Subscription | Annual | Business Development Manager compensation |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Metrus Energy product offering
Product offeringCore offering
Metrus Energy provides Energy as a Service (EaaS) for large organizations, funding 100% of energy efficiency, HVAC, LED lighting, renewable energy, and water efficiency projects through its proprietary Sustainable Energy Services Agreement (SESA). Customers pay nothing upfront and only pay from measured and verified energy savings, while Metrus retains ownership of equipment and is responsible for ongoing maintenance and monitoring.
Product overview
Metrus Energy operates as a single integrated Energy as a Service (EaaS) platform, centered on its proprietary Sustainable Energy Services Agreement (SESA) financing model. The SESA bundles all equipment, technologies, maintenance, and monitoring into one flexible contract, funding 100% of project costs with customers paying only from realized energy savings. The product portfolio spans energy efficiency measures (LED lighting retrofits, building management systems, building envelope improvements), cooling and heating systems (HVAC, chillers, boilers, heat pumps), renewables (solar panels), and water efficiency upgrades. Customers receive a web-based project dashboard for real-time monitoring and annual M&V reporting. The company targets higher education, healthcare, commercial and industrial, automotive, and manufacturing sectors with project sizes ranging from $1M to over $50M, typically with 5-15 year contract terms.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 101.6% of projected savings achieved on average over decade
- +5 more outcomes
Companies that use Metrus Energy
Customer profileNamed customers13 records
Segments5 records
Metrus Energy technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Metrus Energy partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered secondary and core.
- Global Indoor Air PledgesecondaryJoined global coalition of 170+ organizations signing first-ever Global Pledge for Healthy Indoor Air. Recognizes clean indoor air as basic human right essential to health.
- Cool CoalitioncoreJoined in 2023 to promote environmentally-friendly cooling technologies. Committed $100 million in sustainable cooling projects as part of Global Cooling Pledge at COP28.
- Mission EfficiencysecondaryCoalition of governments and organizations driving energy efficiency. Metrus provides strategic support on key issues in the US.
- Principles for Responsible Investment (PRI)coreBecame signatory in 2021, demonstrating commitment to responsible investing at global level. Joins international investors committed to sustainable financial systems.
- Second NaturecoreResource Partner providing flexible financing solutions to higher education institutions committed to climate action. Collaboration helps institutions achieve energy savings and reduce climate impact.
- Centrica Business SolutionscoreESCO partner working with Metrus on multiple projects including Daimler Trucks North America and Amazon implementations. Brings technical expertise in energy efficiency design and implementation.
- SmartWatt EnergycoreEnergy optimization firm that has partnered with Metrus on all deals with Fortune 100 technology customer. Specializes in LED lighting and efficiency upgrades.
- Siemens Smart InfrastructurecoreLongtime Metrus partner since company inception. Excels in integrated, multi-measure projects. Partnered on Fortune 50 and Fortune 100 customer projects.
- National GridsecondaryLeading utility partnership announced in 2019. Works with Metrus to help large commercial and industrial customers tackle comprehensive energy efficiency upgrades.
- EversourcesecondaryMulti-state utility that played instrumental role in Bristol Hospital project. Helps close commercial efficiency deals.
- TranesecondaryEquipment and services partner on higher education and hospital projects. Long-term customer relationships serve as community anchors.
- U.S. Department of Energy Better Buildings ChallengecoreMetrus was one of the first financial allies to join DOE program. Committed $300 million financing target. Exceeded first two commitment goals.
- America Is All IncoreIncreased financing commitment from $100M to $200M for sustainable energy projects. Coalition supports halving U.S. emissions by 2030 and net zero by 2050.
- Alliance to Save EnergysecondaryCEO Bob Hinkle elected to Board of Directors. Bipartisan coalition advocating for federal energy efficiency policy.
- Business Council for Sustainable Energy (BCSE)secondaryCoalition of companies deploying clean energy and decarbonization solutions with focus on energy efficiency, natural gas, and renewable energy.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
Metrus Energy competitors and assessment
Company assessmentDirect peers
- Ameresco: Ameresco is one of the largest independent ESCOs in North America and offers Energy as a Service and performance contracting for federal, healthcare, education, and industrial customers. It competes head-to-head with Metrus on similar project structures, customer segments, and project sizes.
- Edison Energy (EDF subsidiary): Edison Energy, owned by EDF, provides energy advisory and EaaS solutions to large commercial and industrial buyers. It serves similar verticals (healthcare, higher education, manufacturing) with a comparable advisory-and-financing model.
- CLEAResult: CLEAResult is one of the largest energy efficiency services firms in North America, delivering program design, implementation, and financing support for utilities, governments, and commercial customers. Its energy-as-a-service and on-bill financing offerings overlap directly with Metrus's model.
- Centrica Business Solutions: Centrica Business Solutions is both a Metrus ESCO implementation partner and a direct competitor in EaaS, distributed energy, and efficiency services globally. It serves industrial, commercial, and public-sector customers with similar outcome-based contracts.
- Willdan Group: Willdan provides energy efficiency engineering, performance contracting, and energy services for utilities, municipalities, and commercial customers. It competes with Metrus in the ESCO and EaaS space across similar project sizes and verticals.
Broad incumbents
- ENGIE (ENGIE Impact / ENGIE Solutions): ENGIE is a global energy services and infrastructure major offering EaaS, energy efficiency retrofits, and on-site generation for commercial and institutional customers. It overlaps with Metrus's target verticals (healthcare, higher education, industrial) at larger scale and with longer-tenor capital.
- Honeywell Building Technologies: Honeywell's Building Technologies division delivers energy efficiency, building automation, and performance services for commercial real estate and industrial customers. Its energy services and Outcome Based Services compete with Metrus's SESA model while leveraging Honeywell's broader controls portfolio.
- Johnson Controls (OpenBlue / Energy Services): Johnson Controls provides energy services, performance contracting, and building efficiency upgrades for commercial, healthcare, and education markets. Its Energy Services and OpenBlue platform overlap with Metrus's HVAC, lighting, and smart-building offerings.
- Schneider Electric (Energy & Sustainability Services): Schneider Electric's Energy & Sustainability Services business delivers efficiency-as-a-service, microgrids, and building optimization for enterprise customers. It competes with Metrus on outcome-based contracting for sustainability and decarbonization programs.
Emerging players
- Carbon Lighthouse: Carbon Lighthouse delivers guaranteed-savings energy efficiency retrofits for commercial real estate with a pay-from-savings model. It targets a similar outcome-based contract structure but focuses primarily on existing commercial building portfolios rather than enterprise industrial and healthcare.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Metrus Energy social profiles
Digital presenceMetrus Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Metrus Energy leadership team
Management profileNumber of profiles
Metrus Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Metrus Energy 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 Metrus Energy
What does Metrus Energy do?
Metrus Energy provides Energy as a Service (EaaS) for large organizations, funding 100% of energy efficiency, HVAC, LED lighting, renewable energy, and water efficiency projects through its proprietary Sustainable Energy Services Agreement (SESA). Customers pay nothing upfront and only pay from measured and verified energy savings, while Metrus retains ownership of equipment and is responsible for ongoing maintenance and monitoring.
Is Metrus Energy a public or private company?
Metrus Energy is a private company. It is currently operating.
When was Metrus Energy founded?
Metrus Energy was founded in 2009. It employs 11 to 50 people.
Where is Metrus Energy based?
Metrus Energy is headquartered in San Francisco, United States, in the North America region.
How does Metrus Energy make money?
Two revenue lines are on record. EaaS Service Charges are the primary driver. The others are performance-Based Compensation.
Who are Metrus Energy's main competitors?
Direct peers on record are Ameresco, Edison Energy (EDF subsidiary), CLEAResult, Centrica Business Solutions and Willdan Group. Broad incumbents are ENGIE (ENGIE Impact / ENGIE Solutions), Honeywell Building Technologies, Johnson Controls (OpenBlue / Energy Services) and Schneider Electric (Energy & Sustainability Services). Carbon Lighthouse is listed as an emerging player.
Does Metrus Energy have an API?
No public API is recorded for Metrus Energy.
What industry is Metrus Energy in?
Its primary akta.pro industry code is BPABAGAN, Performance Contracting & Energy-as-a-Service (EaaS) for Buildings, with a secondary code of EDALALAH, Utilities & Energy Management (Meters, Boilers, Chillers). Its NAICS code is 33513 and its SIC code is 1731.