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Bright Power
Bright Power provides strategic energy and water solutions to building owners
About Bright Power
Bright Power operates as an energy and water management partner for real estate owners, investors, and operators, with a particular focus on the multifamily housing sector. Founded in 2004 by Jeffrey Perlman, the New York-based company was established with the goal of integrating renewable energy and energy efficiency solutions to reduce the environmental impact of buildings in an economical way. Perlman, who holds a B.S. in Applied Physics from Yale University, started the company at age 25, leveraging his expertise as a Certified Energy Manager and solar-energy-system designer to address the energy challenges faced by building owners. He transitioned to the role of Chief Strategy Officer in 2023, with Andrea Mancino, a ten-year veteran of the company, becoming CEO.
The company's business model is centered on a comprehensive "Find-Fix-Follow" approach. This process begins with identifying energy and water waste through utility bill analytics and site investigations, followed by designing and implementing fixes to optimize building performance. Bright Power then provides ongoing monitoring and verification to ensure that financial and environmental goals are met. Its services are delivered through a combination of consulting, design, and turnkey project implementation. Revenue is generated through these services, which include energy audits, solar and HVAC system design, construction management, and compliance assistance with local energy laws. A key product is EnergyScoreCards, a cloud-based software platform that provides energy and water analysis, benchmarking, and measurement and verification for real estate portfolios.
Bright Power serves a diverse client base that includes building owners, management companies, developers, architects, and utility companies. The company has expanded its market presence over the years, notably through the acquisition of Ecological Partners in 2015, which solidified its position in the New York City market for local law compliance services. The firm has raised a total of $44.1M in funding, including a significant $24.5 million Series B round in 2021 led by BMO Impact Investment Fund and Generate Capital, to scale its solutions nationally.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2004
- Headquarters
- New York City, United States
- Employees
- 275
- Open positions
- 1
- Dealroom signal
- 74.1/100
- Industry
- Real Estate
- Sub-industry
- Clean Energy, Energy Efficiency
- Sector
- Energy, Solar Energy, Spinout, Sustainable Development Goals, Urban Tech, Climate Tech, Building Energy Efficiency, Green Buildings, Building Energy Retrofit, Renewable Energy
- Technology
- IoT InternetOfThings
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Jul 2021 | $25M | $98M | Generate Capital · Bank of Montreal | — |
| GRANT✓Other financing | Dec 2015 | $301K | — | NYSERDA | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Bright Power is 4.7K monthly website visits, down 6% over the last three months. Bright Power's team declined 0.4% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
NYSERDA
Series A2 investors entered at this stage
Generate Capital
Bank of Montreal
Series B and later1 investor entered at this stage
WindSail Capital Group
Other known investors1 additional known investor
EPFL Swiss Federal Polytechnic School of Lausanne
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Bright Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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