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March 24, 2015

Ulupono Initiative Invests in Ibis Networks’ Energy Efficiency Smart Management System

Categories: Energy | Press Release

Ibis also receives investment from Hawaii entrepreneur Henk Rogers

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Honolulu (March 24, 2015) — Hawaii impact investment firm Ulupono Initiative today announced its $350,000 investment in Ibis Networks to help expand the commercial footprint of its flagship InteliNetwork™ platform launched last October. 

Developed by local research and development firm Oceanit, InteliNetwork™ is a secure, scalable platform designed to reduce plug load energy consumption and peak-hour demand for commercial and government facilities. Ibis’ innovative technology provides up-to-the-minute energy use data, along with real-time and automated plug load control, allowing customers to quickly initiate energy efficiency measures and save on their electric bill. Ibis Networks is a 2013 cohort of Hawaii’s Energy Excelerator program.

“Information is key to making smart energy decisions, and we are pleased to support Ibis’ goal to take energy efficiency to a new level in Hawaii and beyond,” said Greg Gaug, vice president of investments for Ulupono Initiative. “This initiative aligns with our mission to reduce Hawaii’s energy dependency on fossil fuels.”

“Ibis Networks is excited about the commercial traction our platform is receiving, including our work with several University of Hawaii campuses,” said Michael Pfeffer, CEO of Ibis Networks. “Ulupono Initiative’s investment, as well as an additional grant we received from the Energy Excelerator, will help us ‘move the needle’ and make Hawaii a greener place to live and do business.”

Along with Ulupono Initiative’s investment, Henk Rogers, founder of Blue Startups and Blue Planet Foundation, has also joined this round of funding with an additional $50,000 investment.

About Ulupono Initiative
Ulupono Initiative LLC is a for-profit, impact investment firm that strives to improve the quality of life for the people of Hawaii by working toward solutions that create more locally grown food, increase clean renewable energy production and reduce waste. For more information about Ulupono Initiative, please visit www.ulupono.com or follow @ulupono on Twitter.

About Ibis Networks
Ibis Networks enables commercial and government enterprises to significantly reduce their Plug Load energy consumption. Originally developed for the U.S. military, Ibis Networks’ enterprise-defined technology creates a highly secure, reliable, mobile, scalable, and centrally managed means to dramatically reduce energy consumption and extend electronics life with low up-front investment.

About Henk Rogers
Henk B. Rogers is a Dutch-born computer game designer and serial entrepreneur.  He is known for producing Japan’s first major role-playing video game and revolutionizing the video game industry by securing the rights to Tetris.  Rogers serves as Chairman of Blue Planet Software, the sole agent for the Tetris brand, and founded Blue Startups, a venture accelerator.  He is also dedicated to ending the use of carbon-based fuels and founded Blue Planet Foundation, a nonprofit clean energy advocate, for this purpose in his adopted home of Hawaii.