Energy management company Powerit Solutions has raised $6 million in venture funding led by Siemens Venture Capital and ArcelorMittal’s clean technology fund.

Seattle-based Powerit said it would use the funding to continue product development and growth in industrial and commercial markets. The company’s energy management system is designed to help customers avoid spikes in their facilities’ energy demand, which often incurs higher electricity rates. Powerit’s control system wirelessly monitors energy usage at a facility and automatically sheds load according to a set plan.

Powerit said the funding would help it respond to a “surge in customer demand” created by new policies and incentives supporting energy efficiency and carbon reduction. The recently passed stimulus package, for example, provides more than $6 billion in grants for energy efficiency programs, much of it aimed at the building sector.

Founded in 1994, Powerit has helped more than 2,500 companies reduce their energy use.