Groom Energy, a Salem, MA-based company focused on corporate sustainability and energy assessments, said today it has pinned down $2.6 million in funding from a group of angel investors, led by Eyk Van Otterloo, founder of the investment management firm GMO. The money will fund its shared-savings agreements with corporations, where it installs products like solar panels and LED lighting for companies and outsources energy maintenance and monitoring. Groom, whose customers include General Electric and Thermo Fisher Scientific, also plans to add to its engineering team and open up new offices.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
View all posts by Erin Kutz
