Portfolio Review
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Commercial HVAC wastes 15–30% of energy due to coil degradation. It's invisible, universal, and almost never addressed.
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We've built the only platform that can verify this at scale — 13 years of field data, IPMVP-grade measurement. See the evidence →
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Clients pay nothing upfront. We treat their equipment, measure the improvement, and share verified savings. See the client model →
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Here's what a single project looks like for a participant — capital in, fixed distributions out, principal returned at maturity. See the economics →
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13 years of proof. 76+ projects. 7 independent validations. Every number in our library is metered and auditable. Explore the M&V Library →
Total Value Captured (Energy)
--
over 10 years
Your Upfront Cost
$0
Performance Partnership
Year 1 Efficiency Gain
--
verified via IPMVP Option B
Layer 1 — Verified Efficiency Gains
--
over 10 years (50/50 split)
Year 1: --
Client share (50%): --
Layer 2 — Avoided Maintenance
--
over 10 years (100% to client)
Coil cleaning takeover: --
Fouling-related R&M reduction: --
Layer 3 — CapEx Deferral Informational
--
conceptual value, not included in compensation
Equipment life extension reduces capital reserve requirements. Not factored into performance fee calculation.
Performance Partnership Services
📡
Live Performance Monitoring
Sensor telemetry with real-time EER tracking and anomaly detection
🛡
Performance Guarantee
Contractual performance floor. If verified gains fall below threshold, client pays $0
🧹
Coil Cleaning Takeover
Ener.co performs annual coil cleaning, eliminating client maintenance burden
📊
Asset Health Reports
Quarterly reports on equipment health, efficiency trends, and recommendations
Lifetime Coating Warranty
Coating is warranted for the full duration of the performance contract. Reapplication at Ener.co's cost if needed
IPMVP Option B Verification
Third-party defensible performance measurement per international protocol
Project Year 1 Revenue
--
Ener.co platform revenue
Project Contract Revenue
--
over 10 years
Total Value Created
--
all parties, all streams
Your Participation
Participation Capital
10% of contract revenue
Annual Distribution
--
fixed annual payment
Yield
--
annual return on capital
Total Distributions
--
over 10 years
Payback
--
ROI
--
IRR
--
Ener.co treatment cost: -- ($75/ton × -- tons, Year 1 only)
Ener.co breakeven yield: -- (highest yield before Ener.co's net profit reaches zero)
YearEner.co RevenueParticipant PayoutParticipant CumulativeEner.co NetEner.co ProfitEner.co Cumulative
Fixed annual yield on committed capital. Over 10 years you receive -- in total distributions on a -- commitment.
Portfolio Scale Scenarios
ProjectsTonnageYear 1 ARRContract RevenueClient ValueTotal Value Created
Zero client contribution. Ener.co funds 100% of treatment. Revenue flows from IPMVP Option B–verified performance gains only.
Baseline assumes 3.0% annual degradation if untreated (NREL/FSEC field data). Efficiency gains and avoided maintenance costs widen each year as the gap between treated and untreated equipment compounds.

Ener.co has 13 years of longitudinal coating persistence data across 76+ commercial HVAC projects spanning data centers, telecom facilities, printing plants, and commercial offices. Seven projects carry independent third-party validation from NYSERDA, utility rebate programs, and licensed engineers. No competitor has this depth of field evidence. Explore the full M&V Library →

Verified Performance Evidence
Deployment Tonnage Monitoring Key Result Validation
Major NYC printing facility — 29 AHU fleet 3,475 T 10 years (2015–2026) 18% energy reduction, 9-year persistence confirmed NYSERDA TRC Verified
Northeast data center — 9 CRAC units 270 T 2024–2025 19.6% EER improvement (fleet average) PSEG Utility Rebate
Major telecom DC campus — 9 ACCU fleet 180 T 2023, 3-period M&V design 32.3% kW reduction, 53.7% EER improvement PE CMVP Report
Major telecom chiller plant — 2× 100T chillers 200 T 2023, 3-period M&V design 14.2% kW/ton improvement (pure Enercoat attribution) Independent BSME
Major telecom pilot site — humidity-normalized study 135 T 2023 12.3% EER improvement (Method B, humidity-corrected) PE CMVP + Reanalysis
Northeast data center (legacy) — single CRAC 20 T 10 years (2016–2026) 8.4% EER (conservative reanalysis of original report) Internal M&V
Major telecom pilot — 3.5-year persistence retest 70 T 2018 + 2021 persistence 19.8% EER improvement, persistence maintained at 3.5 years PE CMVP Report
NYSERDA Third-Party Verified
TRC Energy Services independently verified an 18% energy reduction across a 3,475-ton AHU fleet. Post-Inspection Report filed March 2017. 9-year persistence confirmed in 2024 field retest with no degradation of coating effect.
Utility Rebate Program
PSEG approved a $56,700 energy efficiency rebate for a 270-ton data center deployment in September 2025. Utility validation of M&V methodology and verified gains confirms alignment with established efficiency program standards.
Independent Licensed Engineer
David Sattler, BSME (Cushman & Wakefield) independently verified a 14.2% kW/ton improvement on a 200-ton chiller plant. PM control set proved zero contribution from cleaning — all improvement attributed to coating application.
The Refinery Platform — Compounding Data Moat
DATA
MOAT
Field Data
M&V Library
Analysis Engine
Estimator
Proposals
More Deals
No competitor has 13 years of longitudinal coating persistence data. No competitor has a unified platform connecting live sensors, M&V analysis, deal modeling, and field operations. This is the moat — a compounding data advantage that makes every subsequent proposal more defensible than the last.

Each treated unit feeds sensor telemetry into the M&V Library, which improves the Analysis Engine's degradation models, which makes the Estimator's projections more accurate, which produces better proposals with tighter guarantees, which wins more deals, which generates more field data.

IPMVP Option B (Retrofit Isolation): Each project measures kW and environmental conditions (temperature, humidity) at the unit level before and after treatment. EER (Energy Efficiency Ratio) is computed per ASHRAE methodology using psychrometric properties of moist air, with elevation correction for local barometric pressure.


Humidity normalization: Cross-season comparisons require normalizing for latent load differences. The analysis engine bins readings by outdoor air temperature and humidity ratio, then compares overlapping bins between baseline and post-treatment periods. This eliminates weather as a confound.


3-period M&V design: Baseline → PM cleaning (control) → Enercoat application. The PM period isolates the cleaning effect from the coating effect. Projects where PM shows zero improvement (e.g., Lancaster chiller plant) provide the cleanest attribution evidence.


Degradation model: 3.0% annual uncoated degradation based on NREL/DOE Building America field studies and FSEC Parker et al. (2018). 0.25% treated degradation based on Ener.co's longitudinal field data. The widening gap compounds over the contract term — gains increase each year.


Data tiers: Tier 1 (live sensor + raw CSV, full audit trail), Tier 2 (raw CSV, analysis engine pipeline), Tier 3 (summary + vendor data, verified), Tier 4 (anecdotal). Only Tier 1–3 projects appear in the evidence table above.