Northwest Energy Efficiency Alliance promised $168 million over next five years; Nvoicepay receives $6 million to increase its sales channels.
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Portland-area companies continue to bring in funds to grow their respective businesses.
The Portland Business Journal reports Northwest Energy Efficiency Alliance has secured $168 million for the next five years:
The Alliance includes such groups as Bonneville Power Administration, Clark Public Utilities, Energy Trust of Oregon, and Seattle City Light. NEEA estimates that the activities within the 2015-2019 Business Plan will eventually result in total regional energy savings of at least 145 average megawatts by 2019.
“Energy efficiency is the Northwest’s least-cost energy resource,” said Susan E. Stratton, NEEA’s executive director, in a release. “Northwest utilities and NEEA will continue to transform this market cost-effectively and efficiently. We reflect on our past achievements with a great sense of pride, and enthusiastically embrace the importance of accelerating regional energy efficiency over NEEA’s next five years.”
PBJ also wrote about Nvoicepay — a startup based in Beaverton — boosting its coffers with $6 million.
“Nvoicepay is bringing to enterprise the kind of simple, easy-to-use and frictionless payment solutions that consumers have come to appreciate,” Friede said in a written statement. “This financing further validates our direction transforming accounts payable and we will use this capital to continue our channel expansion.”
Last year, the company secured $1.5 million of this round. Friede said she expected the strong growth in 2014 to continue into 2015.
