Northbrook, IL (October 27, 2014) – Intellihot, an Independence Equity portfolio company was awarded the first prize, $400k, at the inaugural Illinois Clean Energy Fund Awards. Intellihot designs and manufactures efficient energy systems for commercial, residential and industrial environments including tankless water heaters for commercial applications and combi space + water heaters for residential applications. It earned the prize and the check after pitching its business plan to a team of judges, made up of energy industry representatives and investors. The Clean Energy Trust, a Chicago-based promoter of clean energy startups, and the Illinois Department of Commerce and Economic Opportunity (DCEO) sponsored the event. More details can be found at link below –
