An energy and sustainability consultancy has secured a £38,000 investment from the Scottish Government for further development of its software.
Inverness-based esave, which currently employs 17 people, advises businesses on energy and utilities procurement and strategy, energy management and carbon footprint.
It also supports them to achieve accreditation standards such as ISO 14001.
The company’s ‘ensensus’ software allows firms to monitor and forecast their energy usage and costs.
The funding, provided through the government’s Highland and Islands Enterprise (HIE), is expected to help the company expand into new international markets and increase its turnover by more than 40% in the next three years.
The global market for industrial energy management systems and services, including software components, is forecast to grow from $11.3 billion (£7.8bn) in 2013 to $22.4 billion (£15.5bn) by the end of the decade.
Susan Addison, Head of Business Growth at HIE, said: “Energy management and environmental reporting are becoming increasingly important to businesses for both financial management and social responsibility.
“Climate change, energy security and affordability present challenges for many organisations. esave is well placed to service these market needs.”