Fram Energy

Fram Energy

Delivers shared-savings energy retrofits for rentals

Overview

Fram Energy helps property owners and rental tenants decarbonize homes by funding energy retrofits and sharing the resulting energy savings. The platform supports owners in investing in energy efficiency and renewable energy upgrades and then splits the resulting savings with tenants, making improvements financially attractive for both sides. Fram Energy earns a commission by taking a percentage of the energy savings generated. Its goal is to align incentives so owners improve property sustainability and net operating income while tenants pay less on energy bills and enjoy greener homes, addressing the split incentive in the real estate market and accelerating decarbonization of rental housing.

About Fram Energy

Simplify's Rating
Why Fram Energy is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Energy

Enterprise Software

Real Estate

Company Size

11-50

Company Stage

Grant

Total Funding

$690K

Headquarters

New York City, New York

Founded

2023

Simplify Jobs

Simplify's Take

What believers are saying

  • Stanford GSB case study in 2024 validates Fram Energy's model.
  • Inflation Reduction Act incentives boost multifamily solar investments.
  • Expanded to solar, storage, PPAs with automated revenue collection.

What critics are saying

  • Everledger captures market share via US developer partnerships in 6-12 months.
  • NYC Local Law 97 enforcement diverts owners to EnergyHub in 12-24 months.
  • ITC phases out post-2025, slashing ROI and halting investments in 18-36 months.

What makes Fram Energy unique

  • Fram Energy's software enables landlords to sell solar electricity directly to tenants.
  • Platform automates billing for grid and solar energy in rentals.
  • Solves split incentive by sharing savings between owners and tenants.

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Funding

Total Funding

$690k

Above

Industry Average

Funded Over

2 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-9%

1 year growth

0%

2 year growth

-16%
National Renewable Energy Laboratory (NREL)
May 20th, 2024
Solar Prize Round 7 Finalists Enter Last Phase of Competition

On May 1, the U.S. Department of Energy announced the 10 Solar Prize Round 7 finalist teams who were each awarded $100,000 in cash and $75,000 in technical support vouchers for their innovative ideas for advancing solar deployment.

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