The amount of the deal was not disclosed.
A subsidiary of Taurus Investment Holdings, LLC, a global real estate private equity investment firm, EcoSmart delivers a streamlined platform for builders to craft net-zero energy capable homes. Solutions include energy efficient insulation, rooftop solar photovoltaic power, energy saving appliances and home automation products.
The platform also enables homeowners to realize savings in heating and cooling costs through the GeoGrid, a shared geothermal loop field energy system, owned and operated by EcoSmart.
EcoSmart’s vision and capabilities are demonstrated at the 2,000-acre Whisper Valley community in Austin, Texas, a Taurus development. At full build-out Whisper Valley includes 7,500 affordable and sustainable homes, two million square feet of commercial space, two schools and the 600-acre Whisper Valley Park. Each home is connected with EcoSmart’s centrally installed GeoGrid, a community-wide geothermal loop system, developed prior to the land development process. The system provides clean geothermal heating and cooling. In addition, every house includes a high-quality geothermal Heatpump, a Solar PV-System, Smart Home technology and a connection to the superfast Google Fiber 1 GB network.