Installed Building Products Invests in Energi.ai, a Next Generation AI Platform Building Climate Solutions That Help Businesses Monitor Greenhouse Gas Emissions
“We are excited to become an early investor in Energi.ai and a part of the innovative AI driven platform they are developing. Their platform provides actionable insight into a company’s energy usage and carbon emissions. We liked the platform so much we decided to work with Energi.ai to implement their solution at IBP as we work to address and reduce our greenhouse gas emissions. We look forward to a long and successful partnership with Energi.ai,” stated
Energi.ai was launched during the
Energi.ai was co-founded by renewable and solar energy expert
“Global businesses need accurate, easy-to-use, and affordable software to provide actionable insights into their environmental impact. Recent regulations and industry standards are only accelerating the pace at which companies must understand and report their energy usage and carbon emissions. Our proprietary AI and machine learning platform was developed to help companies of all sizes create solutions to reduce greenhouse gas emissions and become carbon net neutral. We are proud to partner with IBP as an investor and initial US-based client, which reflects the Company’s commitment to reducing its environmental impact,” stated
Energi.ai - the AI based sustainability platform – that aims to ensure 10 million carbon negative businesses by 2030. Energi.ai is the next generation intelligent platform to enable AI climate solutions for businesses to act quickly in the race to reduce carbon emissions. We firmly believe that sustainability is a data problem, and we have built Energi.ai to automate the process of gathering carbon emission related data, so business can use their insights to drive business decision. Energi.ai platform has already integrated with several ERP solutions and other 3rd party data sources and will continuously add new data integrations to ensure our platform is bringing value for all users. Energi.ai exists to secure our collective future, join us on the journey to a net zero future.
This press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to our partnership with Energy.ai, our operations and our ESG initiatives and the expected impact thereof. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intends," "plan," and "will" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed in or suggested by such forward-looking statements as a result of various factors, including, without limitation, the adverse impact of the COVID-19 crisis on our business and financial results, our supply chain, the economy and the markets we serve; general economic and industry conditions; and the factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended