Irish energy efficiency specialist Vivid Edge has won the Sustainability Category Award at the Small Firms Association's annual National Small Business Awards.
The annual National Small Business Awards celebrate the achievements of small businesses based in Ireland that punch above their weight, contributing significantly to the Irish economy. That describes a lot of firms both north and south of the border, including this year's Sustainability Award winner Vivid Edge.
Vivid Edge turns energy efficiency on its head with its "energy efficiency as a service" business model. Rather than investing tens of thousands of pounds overhauling their infrastructure, companies that use a lot of energy can pay a single service fee for Vivid Edge to take care of it. The company provides the up-front capital to upgrade a building's energy efficiency, knowing that it will make the money back over time through the service fee.
The company was awarded for its work enabling other companies to upgrade their efficiency ratings, making energy efficiency accessible to small firms that wouldn't have otherwise been able to front the capital. It was awarded €30 million in financial support from a large European energy efficiency fund and has completed upgrades at offices, data centres and processing facilities across the tech sector.
Tracy O’Rourke, founder and CEO of Vivid Edge, commented on the award: "When we started out, the importance of climate action was not fully understood. So much has changed, what we are doing is now appreciated and this Award means so much. It will be a source of inspiration to our team and our customers. We firmly believe much more is possible with a different approach."
Source: Written based on press release
