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  • Company name:

    Lumeo

     
  • Contact:

    Owen Barrett

     
  • Website:

    http://www.golumeo.com

     
  • Industry:

    Engineering

    Technology

    Operations

    Financing

  • Typical job cost:

    $ (<1 million)  
  • Company Description: lumeo is a lighting company that partners with school districts, local governments, universities and others to install LED technology and controls to help public entities reduce electricity usage, thereby saving money, reducing greenhouse gas emissions and making measurable progress towards achieving climate action goals. Two things make lumeo distinct from other LED companies: 1) Its emphasis on learning; and 2) Lighting as a Service. As a part of its partnerships with K-12 schools, universities, colleges and municipalities, lumeo engages local students with its work-based learning curricula and offers internships for students that want to learn even more. Students leave with real-world, applied experiences in sustainability, one of the world’s fastest growing job sectors. The Aspen Institute and Harvard Business Review both recently released white papers addressing the revolutionary nature of Lighting as a Service (LaaS). lumeo is a pioneer in Lighting as a Service and implemented the first two LaaS projects in San Diego. While lumeo’s founding team has over 30 years of experience helping organizations upgrade lighting systems to more efficient technology, lumeo has been incorporated for just over one year. Since it’s inception, lumeo has upgraded 1.2 million square-feet of non-residential real estate to LED technology, saving customers $706K a year in electricity costs alone. To date, lumeo has put 25 4th graders, 22 high school seniors, and one college student through its 8-week internship. The results have been profound. Of the 22 seniors, 20 are college-bound and two are career-bound. Ten out of the 20 college-bound students now want to study clean tech and both career-bound students want to be electricians.
  • Services Provided:

    • Built Environment
    • Smart Cities
    • Energy
  • Services Provided Description: This is how partnering with lumeo’s Lighting as a Service + student engagement works: lumeo pays for the audit, materials, and installation, while the partner gets the rebate and/or incentive (if there is one). lumeo and the partner then share energy savings for three to 10 years. Importantly, lumeo maintains the new lighting system for the length of the agreement. Because Lighting as a Service is a service agreement, it is eligible for off-balance sheet treatment. lumeo engages students throughout the upgrade; students learn how to audit lighting systems, calculate energy and financial savings, and present their findings. For students who want to pursue sustainability, lumeo offers external internships. The same LED upgrade + student engagement model can be implemented with projects that are purchased and/or financed with operating leases, capital leases, equipment loans, etc.
  • Areas Served:

    • North America

Certifications & Awards

  • 2014   Battle of the Buildings, EPA's National Building Competition: #1 In Entertainment/PA – Putnam Foundation, Timken Museum of Art

     
  • 2014   Battle of the Buildings, EPA's National Building Competition: #3 Overall Energy Saver – Putnam Foundation, Timken Museum of Art

     
  • 2015   Energy Showcase Grand Champion. Annual energy savings = 2,522,690 kWh and 9,996 therms. That's equivalent to the annual GHG emissions from 4,141,722 miles driven by a car and the amount of carbon sequestered by 1,359 trees over 10 years!