Hot Water Cost, Energy Savings Result in Recognition for “Best Emerging Company”
Enovative Group, Inc., which provides energy-efficient hot water control systems for multi-unit residential and commercial buildings, has won Entrepreneur Magazine’s 2010 Emerging Entrepreneur Award.
The publication issued what it calls “the highest honor in the small business community” to Enovative for “demonstrating the passion, drive and determination that embody the entrepreneurial spirit.” In a recent awards ceremony in Atlanta, Entrepreneur noted that Enovative, in four years, “already has impacted the Los Angeles community by reducing its dependence on foreign oil by $1 million annually.”
Enovative’s AutoHot™ demand controlled recirculation pumps save owners energy costs and help protect the environment by reducing greenhouse gas emissions.
In multi-unit residential and commercial facilities, hot water is often heated and pumped through the building 24/7, even when there’s no demand for it. That leads to wasted gas for heating the water, electricity for pumping and water loss through evaporation. It also increases the need for maintenance, repair and replacement on the system, including heaters, pumps and pipes.
The AutoHot™ recirculation pump attaches easily to any building system and uses sensors and electronic controls to detect demand. That enables it to provide hot water only when needed, sometimes as little as an hour or two per day. And the hot water reaches users just as quickly – or even sooner – than conventional systems.
AutoHot™ pumps are installed in more than 1,000 buildings, primarily in Southern California, saving property owners up to 30 percent on gas heating alone. With additional savings in electricity and water use, the system can pay for itself in as little as four months.
“I am delighted with this recognition from Entrepreneur Magazine,” said Derek Zobrist, Enovative Group, Inc.’s CEO. “In just five years, we have built a business with a proven technology. It has been validated by both customers and independent sources. We are growing rapidly and expect to triple sales to more than $1 million this year.”
The addressable market includes more than 30 million dwellings in the U.S. and a potential annual savings of $4.2 billion in foreign oil.
About Enovative Group, Inc.
Founded in 2006, Enovative Group, Inc. (EGI) is a Los Angeles-based company committed to researching and producing the next generation of energy solutions for hot water system technologies. Through extensive cutting-edge research, EGI monitors hundreds of test sites and analyzes data to ensure each product delivers accurate performance before mass distribution.
Enovative AutoHot™ Systems are EGI’s line of energy efficient technologies that reduce the waste of precious resources through intelligent design. By applying EGI’s technologies and products, companies and building owners can save thousands of dollars each year, increase their property value and help the environment.