Energy technology company celebrates partnership with USF’s Incubator program
TAMPA, Fla. – COI Energy Services, LLC, a local Tampa startup company, commemorated the first year of its partnership with the University of South Florida's Tampa Bay Technology Incubator (TBTI) Monday and unveiled its signature technology designed to optimize energy usage and expand the capacity of the nation’s power grid.
“We are excited to celebrate our partnership with TBTI and have a chance to showcase our patent-pending technology,” said SaLisa L. Berrien, founder and CEO of COI Energy Services. “By monetizing energy capacity, the COI Energy Optimizer™ can help customers save money, save energy and save the environment, while providing electric utilities with cleaner low cost generation options available to them. These are important goals for our company.”
COI, a minority-owned business, provides customer engagement software that helps utility companies better understand their business customers’ needs. The analytic power of the technology effectively allows businesses and utilities to understand how and when power is being consumed.
“Optimization – is the core of what we do. Basically what we are doing is looking at how they are using energy and actually improving the energy performance through predictive analytics,” Berrien said.
COI’s technology products allow utilities to understand in greater detail how their business customers expend electricity, and can create targeted opportunities for launch programs that enhance energy efficiency or adjust a company’s power usage at times of peak demands. While building new power plants is extremely expensive, Berrien said creating new tools that empower businesses and utilities to create more efficient power usage strategies in the existing system can create the same impact as bringing new plants on line.
“COI’s unique approach has the potential for economic benefits for electric utilities and the customers they serve,” says Joseph Mezlo, COI Advisory Board Member and retired energy executive.
“We’re delighted to celebrate COI and what they’ve accomplished since joining the Incubator program one year ago,” said Valerie Landrio McDevitt, USF’s associate vice president for technology transfer and business partnerships. “This milestone for COI reflects the company’s achievements and highlights the beneficial resources and mentorship that TBTI can provide.”
“The support of USF and the TBTI has played a pivotal role in our progress,” Berrien added. “We are thankful for the partnership with TBTI and look forward to future possibilities that being an Incubator company will bring.”
About COI Energy Services, LLC
COI offers innovative technology solutions to electric utility companies that helps improve the energy performance of its small to medium businesses, industrial, and commercial clients. Our solutions focus on eliminating energy waste by optimizing behaviors with the ability to monetize the excess for use with Demand Response, Energy Efficiency, and Renewable Energy markets. COI is a technology and vendor agnostic firm that is focused on the success of its clients. Our goal is help our clients capitalize on their excess energy capacity by providing a platform to buy and sell capacity, improve the energy performance of buildings and reduce greenhouse gas emissions.
About the Tampa Bay Technology Incubator
The University of South Florida's Tampa Bay Technology Incubator (TBTI) is one vehicle through which USF CONNECT grows successful companies. TBTI supports technology research as a catalyst for economic development and advocates the creation and development of facilities for high-technology companies and related support functions. USF CONNECT focuses on the needs of Tampa Bay's technology and bio/life sciences entrepreneurs throughout the business life cycle, providing the facilities, partners and resources for successful business development. USF CONNECT offers access to technologies, workforce programs, technology commercialization, critical research equipment, and incubator facilities, adding value and delivering targeted, high level expertise to its member businesses.
The University of South Florida is a high-impact, global research university dedicated to student success. USF is a Top 50 research university among public institutions nationwide in total research expenditures, according to the National Science Foundation. Serving over 48,000 students, the USF System has an annual budget of $1.6 billion and an annual economic impact of $4.4 billion. USF is a member of the American Athletic Conference.