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August 09, 2011

Following Series A Funding, Clean Urban Energy Appoints New President to Maintain Momentum



Clean Urban Energy, a provider of SaaS (News - Alert) based automated, scalable, energy-optimization systems and smart grid technology, recently appointed former Siemens (News - Alert) top executive, Phil Bomrad, as the company’s new president and COO.

Bomrad's appointment follows CUE's recent Series A funding. Last month, CUE reportedly completed a $7M round with Battery Ventures and Rho Ventures to accelerate growth globally. The campaign is scheduled to kick off with a road show across several major US cities including New York, Los Angeles, Houston, and San Francisco.

In a press release, CUE said that Bomrad will focus on building the sales and marketing organization, expanding the sales channel, and advancing the product roadmap. As CUE’s COO, Bomrad is going to use his expertise and experience to further refine CUE's SaaS platform that exploits the thermal mass of commercial office buildings to optimize how a building uses energy.

“Phil brings a unique skill set to CUE, having spent many years of service in building energy efficiency and software product development. I'm confident he will prove to be a tremendous asset both to CUE and its channel partners and we're excited to have him on board,” Clean Urban Energy CEO Rich Earley said in a statement.

Prior to joining CUE, Bomrad was associated with Siemens Industry, Inc. Energy Services group. In this role, he was responsible for successfully launching and building a multimillion dollar energy services business that included energy monitoring, building commissioning, demand response, procurement consulting, and energy efficiency projects.

Bomrad also used to work for Tridium, where he held key roles in strategic planning, marketing, and product management. He was instrumental in the development and commercialization of Vykon Energy, a software suite aimed at improving commercial building performance. Under Bomrad's direction, Tridium established a robust sales channel with global resellers.

“There is no doubt that there are significant grid constraints in several markets globally and investments in the smart grid continue at a record pace. I am excited to help lead the company toward capitalizing on the unique value proposition the CUE platform brings to both building owners and grid participants,” Bomrad said in a statement.


Madhubanti Rudra is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

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