Project Frog, a start-up that designs and builds prefabricated sustainable buildings, recently announced a $22 million investment round led by GE, signaling the multinational company is bullish on not just environmental responsibility but innovative construction methods, too.Â As part of the relationship, GE will complete a Project Frog building at GE’s Crotonville Learning Center in Ossining, New York by the end of 2011.
Project Frog uses advanced performance modeling and a pre-engineered kit of energy-efficient building components (e.g., K-tect panels) to deliver higher quality, more environmentally sustainable, faster and cheaper construction.Â The buildings take one to six months to construct and use anywhere from 25-80% less energy than standard construction, depending on the area.
â€œProject Frog fills a market need for high-quality, energy-efficient buildings at a lower cost and less time to completion, which our investment and collaboration will help demonstrate,â€ said Ricardo Angel, senior vice president of venture capital at GE Energy Financial Services.
GEâ€™s invested in Project Frog through a second phase of its ecomagination Challenge, which was launched in January as part of GEâ€™s commitment to improve building energy efficiency through new technologies.
Credit: Project Frog.