By Christoph Hammerschmidt EETimes Supply Network (03/19/2007 12:40 PM EST)

MUNICH, Germany — Siemens Venture Capital has invested $3 million in US-based energy management technology Prenova Inc. With the move, the German conglomerate further broadens its position in 'green' technologies.

Prenova, based in Marietta, GA, offers technology platforms that improve transparency of energy-related variants such as energy price, usage, energy-related asset performance and maintenance costs. According to the company, its solutions enable corporate customers to save up to 15 percent on their energy bill by improving visibility, manageability and predictability of energy consumption-related parameters.

The company claims it manages 'billions of dollars' in annual energy spend at its customers' facilities in retail, telecommunications, commercial and manufacturing business sectors.

"Prenova has an unmatched technology capability to manage remotely complex enterprise-wide energy-based assets and systems", explained Todd Jaquez-Fissori, General Partner at Siemens Venture Capital.

The move is the company's second investment into activities related to energy efficiency within two months. As recent as February 2nd, the Siemens Venture Capital had announced to found US-based Zolo Inc, a vendor of sensors and monitoring equipment for large combustion sources.