American Efficient snags $2.5M to promote renewable energy in the US

By VCPOST Staff Reporter

Dec 11, 2013 11:44 PM EST

American Efficient launched today after scoring $2.5 million in a funding round from Clean Pacific Ventures. The startup wants to help US residents switch to renewable energy through its energy-saving marketplaces, according to VentureBeat.

One of American Efficient's marketplaces is called the Clean Choice Network. This marketplace connects consumers with "renewable power plans" of local and trusted providers. It also focuses on encouraging people to establish trust in renewable energy rather than just think it is too good to be true, said the report.

The second marketplace that the startup supports is called Dreamstreet, which is a product-focused power-saving marketplace. This works with local and online sellers to pull different energy-efficient devices in a single place, the report said. There, customers can review them, look at photos of the devices, compare prices, and check their availability. Upon launching of Dreamstreet, it has already signed up 2.2 million households for renewable energy, the report detailed.

The company is presently headquartered in San Mateo, California. American Efficient has been in beta or testing period for the last 18 months prior to the launch, VentureBeat reported.

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