Snugg Pro: Franklin Energy Acquires Snugg Home, Adding Industry-Leading Energy Audit Tool to Technology Suite

PORT WASHINGTON, Wis, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Franklin Energy, a leading provider of energy efficiency and grid optimization solutions and products, announced today the successful acquisition of Snugg Home, a leading software-as-a-service energy efficiency adoption company best known for their Snugg Pro energy audit tool. Adding Snugg Pro to the NGAGE end-to-end technology platform empowers Franklin Energy to maximize support for state energy offices, who are receiving more than $4.275 billion from the Home Electrification and Appliance Rebates (HEAR) and $4.3 billion from the HOMES rebate program as part of the 2022 Inflation Reduction Act (IRA). Snugg Pro is the market's preferred IRA-compliant tool when qualifying households for deep energy-saving improvements and accurately modeling savings. Snugg Pro is actively used in over 60 utility programs and will continue to help utilities, contractors, and the full energy ecosystem as more programs evolve from driving simpler energy-saving measures such as lighting to more modern electrification and decarbonization technologies, including heat pumps. "This acquisition immediately allows us to provide even stronger support to state energy offices and utilities seeking to leverage the ...Full story available on Benzinga.com