an energy efficiency and implementation company, expects to hire at least a dozen employees within the year. It is looking for retrofit service providers, engineers and software developers, says Co-founder Jason Jannati.
The company is also working on a new product that it expects to roll out next year. The product is a proprietary software program to measure and assess energy efficiency measures that was originally developed for internal company use.
Jannati co-founded the company in 2008 with Josh Notes and Matej Harangozo, who were all classmates at Oakland Mills High School, in Columbia, where greeNEWit has its office. The company is a member of the Howard Technology Council but is not a tenant in its incubator. GreeNEWit won the council’s annual technology award for 2012 Green Company of the Year.
The company now employs 35 people and expects to have $4 million to $7 million in sales for FY 2012. It subcontracts with utilities BGE and Pepco to evaluate and install energy-efficient measures in individual residences, multi-family units and businesses. Jannati says greeNEWit is the leader in multi-family properties, having seen over 15,000 apartment units in under a year, from August 2011 to July 2012.
The company also works with property managers and property owners on an apartment complex’s common areas like pools and parking lots, focusing on storm water run-off and rain water capture.
Depending on the situation it encounters, Jannati says the company may do something as simple as installing energy-efficient light bulbs and timers so power is off when not needed to replacing heating and ventilation systems.
He mentions that the state of Maryland recently announced Empower Maryland, a program whose goal is to cut energy consumption by 15 percent by 2015. “It’s all about building sustainable communities,” he says.
Source: Jason Jannati, greeNEWit
Writer: Barbara Pash