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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.
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
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Total Funding
$690k
Above
Industry Average
Funded Over
2 Rounds
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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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
Find jobs on Simplify and start your career today