RECENT NOTABLE ACTIVITY – SMART GRID
- CyanConnode Holdings raised $11.4M through a placing of shares post-IPO. Link
- Sympower, a smart energy startup, raised $1.2M from Angel Investors and Investment fund Enfuro Ventures. Link
- Labrador has raised $1.3M in its Seed funding round led by Hambro Perks. Link
SOME INTERESTING STARTUPS FOUND
Modularity (2017, London) – Modularity is a virtual power plant, that leverages artificial intelligence and blockchain, for autonomous real time control and management of the generation of electricity from prosumers with distributed resources (solar, batteries etc.) for distribution. This enables seamless demand-based sharing of electricity within an ecosystem of consumers, prosumers and producers. iT enables owners of rooftop solar, batteries etc. who are connected to a grid, to sell their surplus electricity directly to their neighbours
LEADER BOARD – SMART GRID
Horizontal
Silver Spring Networks (2002, Redwood City, IPO) – End-to-end smart grid solutions provider. Backed by KPCB, Google Ventures, Foundation Capital, Northgate Capital Group and DFJ Growth. Went Public in March 2013.
LandisGyr (1896, Zug, $265M, Acq.) – End-to-end smart grid solutions provider. Acquired by Toshiba in May 2011.
Advanced Metering Infrastructure – Smart Meters
Elster (1994, Ocala, Acq.) – Provide AMI and AMR metering solutions for electricity, gas and water segments. Acquired by Honeywell in December 2015.
Advanced Metering Infrastructure – Communication Systems
Power Plus Communications (2001, Mannheim, $15M) – Broadband powerline communication systems for smart grids,smart metering, and smart homes.Backed by Siemens Venture Capital, British Gas, Climate Change Capital, Siemens Financial Services.
Advanced Metering Infrastructure – Meter Data Management
eMeter (1999, San Mateo, $69M, Acq.) – Offer software solutions and meter data management software. Backed by Sequoia Capital, Northgate Capital Group, Foundation Capital, DBL Investors and Siemens Venture Capital. Acquired by Siemens in December 2011.
Load Management
Ice Energy (2003, Santa Barbara, $92M) – Energy storage system and demand side management for the smart grid. Backed by Energy Capital Partners, Second Avenue Partners, Good Energies and Goldman Sachs.
Green Charge (2009, Santa Clara, $66M) – Load balancing using battery storage devices. Backed by TIP Capital, K Road DG. Acquired by Engie in May, 2016.
Transmission Automation
Smart Wires (2014, SF, $79M) – Smart wires to push power from overloaded line to under utilized lines. Backed by RiverVest Venture Partners, Jane Capital Partners, ARPA-E.
Distribution Automation
Gridco Systems (2010, Woburn, $54.5M) – End-to-End hardware and software platform to solve distribution challenges. Backed by General Catalyst Partners, North Bridge Venture Partners, Lux Capital, RockPort Capital, Reinhausen.
Utility Services – Network Operations Platform – Suite Solutions
Trilliant Networks (1985, Redwood City, $146M) – Provides single dashboard management of an entire smart grid infrastructure. Backed by MissionPoint Capital Partners, Zouk Capital, VantagePoint Capital Partners, GE, ABB and Capital Growth Investments.
Utility Services – Network Operations Platform – Distributed Energy Resources
GridPoint (2003, Arlington, $294M, Acq.) – Energy management solution(EMS) provider with real-time data collection, big data analytics and cloud computing to maximize energy savings. Backed by Goldman Sachs, Advantage Capital Partners, Skypoint Capital, Altira Group. Acquired by TFC Utilities in November 2015.
Utility Services – Energy Management Solutions – Suite
Opower (2007, Arlington, $65.5M, Acq.) – Cloud-based software comprising energy reports and demand response programs. Backed by New Cycle Capital, Accel Partners and KPCB. Acquired by Oracle Corporation in May 2015.
Nexant (2000, SF, $65M) – Cloud-based business process management software platform for utilities to analyze the demand response. Backed by Oak Investment, Intel Capital, TeleSoft Partners and Beacon Capital.
Utility Services – Energy Management Solutions – Customer End
Tendril (2004, Boulder, $124M) – Cloud-based software platform which provides the infrastructure, analytics, and personalized energy services for demand response. Backed by VantagePoint Capital, Vista Ventures, Access Venture Partners, Appian Ventures and Siemens Venture Capital.
FirstFuel (2011, Lexington, $45M) – Building-wide energy analytics that help utilities and government agencies deliver energy efficiency across commercial building portfolios. Backed by Next World Capital, Battery Ventures, Vast Ventures, Nth Power, RockPort Capital, E.on, Electranova Capital, Idinvest Partners.
Utility Services – Energy Management Solutions – Utility End
Space-Time Insight (2008, San Mateo, $54.5M) – Real-time analytics by capturing data from various assets. Backed by Informatica, Opus Capital, NEC Corporation, EnerTech Capital, Novus Energy Partners, Start Up Farms International, Zouk Capital, E.on.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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