Accepted into Schneider Electric Incubation Program
Boise, ID: Schneider Electric and Powerhouse named Retrolux™ the winner of the 2019 4D Challenge Competition, receiving $25,000 in non-dilutive funding and acceptance into the Schneider Electric Incubation Program.
“Winning the 4D Challenge is a great honor for us and validates our company vision,” says Leif Elgethun, Founder and CEO at Retrolux™. “We are excited to be working with Powerhouse and Schneider Electric, and becoming part of their incubation program. This award will help us to accelerate our ideas, allow us to grow and scale the business, and ultimately bring new smart energy software products to the market, all while making the world a better place.”
“While each of the finalists was strong in their presentations, the judges found that Retrolux™ truly met all the criteria of the 4D Challenge Competition; Decarbonize, Decentralize, Digitize and Democratize,” said Emily Fritze, Director of Strategy and Business Development at Powerhouse. “We are thrilled to be working with Leif and his team, and I look forward to supporting the growth of this company.”
“This competition is all about planting the seeds with phenomenal entrepreneurs and helping them to transform their innovative ideas into valuable businesses,” said Rodolphe Heliot, VP Business Incubation, at Schneider Electric. “At Schneider Electric we deeply care about clean energy and sustainability, and this competition helps us to continue with our mission.”
The 4D Challenge award recognizes Retrolux™ and its innovative smart energy scaleOS™ software platform as a solution that will transform the clean energy industry by decarbonizing, decentralizing, digitizing, and democratizing smart buildings in North America and beyond. Over 100 companies were selected into the competition, with 9 finalists chosen to pitch in front of a live audience and industry expert judges, in Oakland, California.
Watch the finalists present to Powerhouse and Schneider Electric and the winner announced: https://www.youtube.com/watch?v=6w9Ye1jzfr8&feature=youtu.be
Retrolux™ offers innovative and scalable software solutions and services that are purpose-built in solving problems for Energy Service Companies (ESCOs), LED Lighting Solution Providers, Lighting Retrofit Contractors, Distributors, Lighting Agencies and Reps, and Lighting Manufacturers. Their award-winning cloud-based lighting retrofit solutions and marketplace platform eliminate inefficient and inaccurate processes by replacing pencil and paper lighting audits, and cumbersome and bloated Excel spreadsheets. Customers can conduct on-site lighting audits using a mobile iPad application, develop and propose an LED lighting solution, Estimate project costs, output various reports, submit professional energy-saving proposals, and ultimately purchase products from approved manufacturers and vendors without ever leaving the application. Retrolux also offers in-app project financing through Retrolux Capital™ and Rebates through integration with Rebate Bus, the industry’s leading authority on utility rebates.
About Schneider Electric:
At Schneider Electric, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation of digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software, and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleashing the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
Powerhouse connects startups, corporations, and investors to create an energy system that is decarbonized, decentralized, democratized, and digitized. Every year, Powerhouse connects hundreds of clean technology startups to industry leaders and investors. Powerhouse Ventures is a network-driven venture fund that backs entrepreneurs building the future of energy and mobility.