Cases and Deals
Deal

Strategic Investment for Innovative Clean Tech, Energy Efficiency Company from Bank of America

Blank Rome advised Field Diagnostic Services, Inc. (FDSI), a clean technology, energy efficiency company, in connection with strategic investment from Bank of America. 

“There are nine million commercial heating and cooling units in the U.S. that can benefit from our technology, enabling businesses to save money and meet their sustainability goals,” said Todd Rossi, President, Field Diagnostic Services, Inc. “Aided by the support from Bank of America, we are pleased to bring our clean technology solutions to the broader marketplace.”

Bank of America, which recently began installation of a new centralized energy management control system, plans to utilize FDSI’s unique products and services in 3,300 banking centers nationwide. This will result in up to 50 percent cost savings for Bank of America when compared with using standard building control technologies. The FDSI software platform is also forecast to reduce annual greenhouse gas (GHG) emissions from the banking centers by an estimated 14,000 CO2 tons annually.

FDSI is a technology and services company based in Fairless Hills, PA, 30 miles north of Philadelphia. During the past 14 years, FDSI’s engineers have produced technology that has been used to assess and improve the performance of more than 300,000 heating and cooling units across the U.S. FDSI was the 2003 AHR Innovation Award Winner for its HVAC Service Assistant Tool. Their customers include many Fortune 500 facilities, mechanical service companies, heating and cooling equipment manufacturers and electric utilities.

clean technology energy efficiency