Salt Lake City – MountainWest Capital Network named Vutility, an energy monitoring startup, to its annual Utah 100 list. Vutility was honored as an emerging elite company, a designation for companies with less than five years of revenue.
“We’re honored to be a part of the 2020 list of Emerging Elite companies,” said Matthew Barber, Chief Operations Officer. “Vutility is comprised of talented employees who work hard every day to help our customers and give them insight into energy data they may not have had previously.”
MWCN’s exclusive awards program brings together investors, entrepreneurs and professional service providers while recognizing Utah’s 100 fastest-growing companies and the economic and business impact they bring to the state. In addition to recognizing the Utah 100 list, MWCN recognizes the Top Revenue-growth companies, as well as the Emerging Elite—the state’s top startups just breaking into the scene.
“2020 has been a difficult year for Utah companies, including Vutility,” said Michael Corry, vice president of revenue. “To have our hard work be recognized, and to be named to such a prestigious list, is an honor.”
Founded in 2016, Vutility is the leading provider of real-time, high-resolution, energy monitoring solutions — enabling businesses to optimize their energy consumption and improve operational efficiencies. Using its innovative and affordable proprietary HotDrop™ technology, companies across a wide range of retail and commercial industries gain relevant and timely insights into their energy usage.
“Utah’s economy has never been stronger, and it’s in large part thanks to the tremendous efforts of these companies and others that make Utah truly the place to be for business,” said Ryan Dent, chairman of the MWCN Utah 100 committee. “We’ve had 26 great years of honoring the companies making Utah great, and we look forward to the next 26 years and beyond.”