EnergyCAP

EnergyCAP, LLC is a leading energy and utility management platform. Their cloud-native SaaS platform centralizes energy data into one audited system, equipping energy and finance teams to pinpoint waste, allocate costs accurately, and cut both energy use and utility spend in a single workflow. Founded in 1980 and headquartered in Boalsburg, Pennsylvania, EnergyCAP has evolved from utility bill tracking software into a comprehensive energy and utility management system used by thousands of public and private institutions globally.

History

EnergyCAP's history dates back to 1980. In response to a growing demand for energy management software when PCs were in their infancy, Steven D. Heinz founded OmniComp, Inc. in 1980 and launched the development of EnergyCAP predecessor FASER Energy Accounting.^[1]

FASER became widely used by retail chains, government, universities, school districts and property managers. By the mid-1990s, FASER's thousands of users tracked an estimated five million bills a year valued at $2 billion. FASER and OmniComp were purchased by Enron Corporation in 1996.^[2] Following Enron's bankruptcy in late 2001, Heinz acquired the energy information assets^[3] and launched Good Steward Software, which was renamed to EnergyCAP, Inc. in January 2010.^[4] The company was renamed EnergyCAP, LLC in March 2021 upon the establishment of a strategic partnership with private equity investment firm Resurgens Technology Partners.

Platform and capabilities

The EnergyCAP platform integrates utility, commodity, meter, and sensor data into a single source of truth—replacing spreadsheets and siloed systems with accurate, audit-ready information. EnergyCAP’s core functionality is built around its Utility Management engine, which automates utility bill ingestion, audits billing errors, and offers advanced analytics for energy, sustainability, and finance teams.

Its extended platform includes:

• Carbon Hub: Translates energy and meter data into Scope 1, 2, and 3 emissions equivalents, linking carbon reporting directly to utility costs for better ESG visibility.
• Smart Analytics: Uses interval data and AI-driven insights to surface performance gaps in real time, helping teams reduce waste and prevent costly surprises.
• Bill CAPture Services: Automates utility bill data entry and resolution, saving organizations 40+ hours monthly.
• Bill Pay: Enables secure, on-time utility payments directly within the platform.
• Advanced Accounting Suite: Offers adjustable utility bill budget creation, accurate accruals, and advanced accounting review and exporting to support financial planning and variance reduction.
• Chargebacks: Allocate utility costs and create bills by department or facility to increase cost accountability and transparency.

Impact and outcomes

When polled, most EnergyCAP customers report reducing utility spend by 10% or more year over year^[5] while saving time, improving operational efficiency, and tracking emissions to stay compliant. The platform supports audit-readiness, accelerates reporting, and delivers real-time insights that guide teams to capture maximum energy cost savings.  

Customer base

EnergyCAP serves a wide range of industries including higher education, government, K–12, healthcare, commercial real estate, and manufacturing. Its clients include major universities, cities, school districts, and Fortune 500 companies.

Recognition and evolution

EnergyCAP has been recognized for its reliability, customer satisfaction, and innovation in the energy management space. In 2025, the company redefined its product architecture to emphasize platform scalability and modular growth, positioning Utility Management as the foundation and offering Carbon Hub and Smart Analytics as powerful extensions.

EnergyCAP has received multiple industry awards, including:

• ENERGY STAR Partner of the Year 2024^[6]
• Capterra Best of Energy Management 2024^[7]
• Green Quadrant: Energy Management Software 2023
• Software Reviews 2024 Top Environmental, Social and Governance Reporting (ESG) Software Quadrant^[8]
• Summer 2024 Energy Manager Software Leaders^[9]
• Major Player in the Worldwide Carbon Accounting & Management Applications 2024 Vendor Assessment^[10]
• Software Reviews ESG Reporting Data Quadrant Leader^[11]
• 2024 Top Product of the Year by the Environment+Energy Leader Awards Program^[12]
• Top Climate Tech Companies to Watch in 2024^[13]
• Best Company Perks & Benefits 2023^[14]
• Software Reviews 2023 Emotional Footprint Champion^[15]
• Best Places to Work 2023^[16]
• Spring 2022 Energy Management Software (Wattics)^[17]