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Groom Energy, a leading national provider of commercial and industrial energy efficiency services, today was named to the Inc. 5000 list of Americas fastest-growing private companies. Groom achieved a 185% growth rate over the past three years, tripling the number of projects it completes annually.
Salem, MA (PRWEB) August 21, 2014
Groom Energy Solutions, a national provider of energy efficiency services, today announced that for the second year in a row it has been named to the Inc. 500|5000, Inc. Magazines annual list of fastest growing, privately-owned US companies. The Inc. 5000 is ranked according to percentage revenue growth from 2010 through 2013.
Growing at 185% over this period, Groom Energy tripled the number of energy efficiency projects delivered across hundreds of customer facilities distributed around the United States and Canada. In the last year alone, Groom completed over 500 discrete projects, reducing its customers collective energy usage by over 200 million kWh, saving tens of millions in energy bills.
We are excited to be named to our second consecutive Inc. 5000, which recognizes our companys recent and continued growth. Our success is directly related to our people and our processes: The turnkey efficiency solutions we provide positively impact our customers bottom lines, and our world-class engineers make the process easy and personalized. Our strong core competencies will propel our growth into 2015 and beyond, said Jon Guerster, Chief Executive Officer at Groom Energy.
The market for Energy Service Companies (ESCO) is expected to reach $8.3 billion by 2020, according to Navigant Research. Groom Energy is focused on a large, yet underserved subset of the ESCO market, i.e. corporations. Grooms customers operate across multiple industries and include companies such as Kelloggs in food processing, Lineage in distribution, and Safeway in grocery. These customers actively invest in reducing their energy consumption by engaging Groom Energy to perform energy analyses of their operations and turn-key installations of energy efficiency upgrades, providing huge energy cost savings that impact their bottom lines. These upgrades include building controls, compressed air, HVAC, LED lighting or variable frequency drives systems. Groom Energy works with its customers utilities to secure financial incentives and also implements no-cost & low-cost energy savings programs.
The market for corporate energy efficiency services is booming and we plan to keep growing our company to keep pace with our customers demand, added Guerster.
About Groom Energy Solutions
Groom Energy is a leading national provider of commercial and industrial energy efficiency solutions, with customers including Ferguson Enterprises, Giant Eagle, Kelloggs, Lineage, Safeway, and ShopRite stores. The company delivers a multitude of energy efficiency services, ranging from whole building energy assessments to sustainability initiatives, delivered through turnkey installations at enterprise facilities across the United States and Canada. Grooms projects help their customers reduce energy costs while positively affecting the environment. For more information please visit http://www.groomenergy.com.
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