3 Startups A Partner At $1.3 Billion Energy Fund Is Betting On
Sameer Reddy, partner at $1.2 billion investment firm Energy Impact Partners, believes that a fundamental paradigm shift is occurring in the energy sector and is betting on 3 startups to benefit, according to Business Insider.
"I think there's going to be a fundamental paradigm shift in the way individual consumers think about electricity," Reddy said. He believes that increasing concern over climate change and recent fires in Australia and California are driving this shift.
This shift opens the door for companies specializing in renewable energy to benefit. "People want to do the right thing, but they also want to be incredibly comfortable," he said.
Reddy is betting on Arcadia, Ecobee, and Sense to benefit the most from the "paradigm shift" in the energy sector. Arcadia manages consumers' utility bill for them, Ecobee creates smart thermostats, and Sense created a home sensor that monitors the energy use of appliances.
Sameer Reddy believes that a fundamental paradigm shift is occurring in energy and is betting on 3 startups to benefit.