We Are JouleX
After running in quiet mode since September of 2009, we have come out to the world with a new name and a new CEO. Today, Greenology officially became JouleX and we have brought on board Tom Noonan as our President & CEO. It is hard to not get excited when Tom talks about our future in the industry so let's let him tell you himself:
Below is the full transcript from this video:
Hi. I’m Tom Noonan, President and CEO of JouleX, an exciting new startup company based here in Atlanta and we’re leading the way in sustainability energy management systems for the enterprise.
Since leaving Internet Security Systems about a year and a half ago, life has been very exciting. As many of you know, we started Tech Operators, a venture firm focused with a different model; on investing in young and early stage companies here in Atlanta, but playing a more manifest operating role in the company.
The energy industry, at over 6 Trillion dollars annually, is ripe for innovation. In fact, Clean Tech could be the single biggest economic opportunity in the 21st Century. Through Tech Operators, we’ve had the opportunity to evaluate thousands of interesting early stage companies, and JouleX really represents all of the things we’re looking for in a company:
- A very large market - Energy today is a $6 Trillion market
- Green Technology - corporations are looking for ways to be more sustainable, to reduce their energy costs, to meet tighter regulatory standards
- And most importantly Innovation
And JouleX is pioneering the way with an advanced system that monitors, analyzes, and manages all interconnected devices across the network to reduce the power consumption as much as 60% within our IT enterprises.
Energy Management is a very competitive and fragmented industry, and it’s really at its earliest stages. Looking at the Green IT industry, there are solutions that are first and second generation for power management, but JouleX truly represents a third generation energy efficiency management solution. The opportunity to monitor, analyze, and manage the consumption of power across the IT environment, throughout the datacenter, and across the building, lighting, and HVAC management systems is an exciting new opportunity for corporations to have an enterprise view of their IT energy consumption.
It’s clear that “you can’t manage what you can’t measure” and JouleX is pioneering the way toward managing energy consumption across the enterprise wide IT Environment.
Clearly large corporations are a target market for us, and within those corporations the executive all are chartered with corporate sustainability, with reducing costs, and with operating their environments more efficiently. So today, CIOs, CFOs, Corporate Sustainability Officers, as well as the Network and IT managers are all very excited about JouleX technology. We provide the opportunity not only to reduce energy consumption dramatically, but we provide cost savings, reduction of carbon footprint, and reduction of greenhouse gasses which is all good from a social responsibility perspective, and most importantly impacts the shareholder on the bottom line through energy savings.
30% to 40% of building energy costs are consumed by the IT environment. If you think about it, today there are over a billion PCs and many billion internetworked devices (switches, routers, printers, copiers, etc.) this number is growing dramatically. So energy consumption is a large component of the cost of most business enterprises. We believe that with JouleX we can save 40% to 60% of the corporations’ energy consumption that is consumed by the IT environment, through the innovative application of our JouleX Energy Manager.
This stuff is exciting. This is big. It’s a hundred times bigger than security. It’s got a bigger impact on our children, on our environment, and most importantly there’s a hard ROI of every customer we serve.
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