Prefer
Overview
Prefer Energy is a full-service energy management company focused on providing efficient energy solutions to businesses. With expertise in electricity, natural gas, energy efficiency, and solar energy, Prefer Energy tailors plans to meet the specific needs of their clients. Founded by Richard Kohl, who remains a key principal, the company operates primarily out of the United States, notably offering significant energy savings for Fortune 1000 companies and government agencies.
Recent Developments
- 2025: Prefer Energy has continued to expand its reach within the energy management sector, focusing on the growing importance of energy efficiency as businesses and governments aim to reduce expenditures amidst rising energy costs.
- March 2025: Reports suggest that Global Energy Investment is expected to reach a record $3.3 trillion in 2025, with significant allocations towards clean energy. Prefer Energy could potentially benefit from this trend as it aligns with their operational focus.
- January 2025: The International Energy Agency highlights increased global electricity demand driven by sectors such as AI and data centers, suggesting an expanded market for Prefer Energy's services as these sectors continue to seek efficient energy solutions.
- 2024-2025: The company has been adjusting its strategy to align with global shifts towards decentralized energy systems and clean energy investments, aiming to maintain its market relevance and competitive edge.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 1988 |
| Headquarters | United States |
| Founders | Richard Kohl |
| Revenue | $200 million (estimated from cost savings facilitated) |
| Key Investors | Government agencies, Fortune 1000 companies |
| Industry | Utilities, Energy Management |
| Number of Employees | 2-10 |
Early History
Prefer Energy was established in 1988 by Richard Kohl with a mission to optimize energy use and reduce cost burdens for large-scale energy consumers. Initially focused on auditing and negotiating utility and telecommunications bills, the company quickly identified opportunities for broader energy management solutions. Prominent clients, including Dole Food and the City of Denver, helped the company establish its reputation in cost-reduction strategies and strategic energy procurement.
Company Profile and Achievements
Prefer Energy operates as an energy consultancy, specializing in comprehensive management plans to lower costs and improve energy efficiency. The company’s significant achievements include saving clients over $200 million in vendor costs since its inception. Its business model emphasizes analyzing historical energy use and market conditions to tailor cost-effective and sustainable energy strategies.
- 1990s: Expanded operations to include more robust energy procurement and management plans.
- 2000s: Introduced services targeting renewable energy optimization, aligning with global sustainability trends.
- 2018: Marked its 30th anniversary by enhancing its solar energy management services, reflecting the rising importance of renewable energies.
Current Operations and Market Position
Prefer Energy is known for devising tailored energy management plans for businesses that seek to navigate fluctuating energy prices and consumption patterns effectively. The company has carved a niche in promoting energy efficiency and renewable energy solutions, making it a preferred choice among corporations aiming to lower their carbon footprints and operational costs. Despite stiff competition in the utilities sector, Prefer Energy's emphasis on client-specific solutions and transparent negotiations has sustained its market position.
Conclusion
Prefer Energy stands as a pivotal entity within the energy management landscape, offering tailored solutions which keep pace with the accelerating demand for sustainable and cost-efficient energy use. With the global trend shifting towards cleaner energy and increased efficiency, Prefer Energy is well-positioned to expand its influence and service offerings, potentially driving forward the future of energy management.