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Overview
Electriq Power provides integrated solar storage for homes and small businesses with the PowerPod, which combines lithium‑ion batteries, a hybrid solar inverter, and smart software. Solar energy charges the batteries, the inverter powers the home, and a mobile app plus software optimizes usage in real time to reduce utility costs. It differentiates itself by offering an all‑in‑one, scalable storage unit paired with continuous energy optimization through software and an easy‑to‑use app. The company targets residential and light commercial customers and earns revenue from selling and installing PowerPod systems as well as ongoing software‑based energy management services.
About Electriq Power
Industries
Hardware
Energy
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
IPO
Headquarters
San Leandro, California
Founded
2014
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Simplify's Take
What believers are saying
- Electriq's installed PowerPod fleet still offers service revenue and replacement-parts demand.
- The software and monitoring stack remains attractive to acquirers seeking bundled storage offerings.
- PoweredUp partnerships with Aveyo and TEC proved market demand for turnkey community deployments.
What critics are saying
- Electriq filed Chapter 7 on May 3, 2024, and liquidation continues in 2026.
- Trustee Robert C. Furr controls asset sales, ending operating control and most jobs.
- The company faces existential failure: liquidation destroys the brand, platform, and employer continuity.
What makes Electriq Power unique
- Electriq bundled PowerPod hardware, monitoring software, and installation into one residential platform.
- Its PoweredUp Network targeted zero-upfront solar-plus-storage sales in select California communities.
- Electriq focused on low-to-moderate income homeowners ignored by traditional solar lenders.
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Funding
Total Funding
$409.3M
Above
Industry Average
Funded Over
4 Rounds
Stock Price
Company News
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, is proud to announce that the company has been selected as the “EMS Solution Provider of the Year” winner of the 2024 CleanTech Breakthrough Awards. As an honoree of the inaugural award, Electriq was chosen from among thousands of submissions for the excellence, performance, value, and impact of the company’s residential solar + storage solution, the PowerPod 2, and its Sustainable Community Networks program, referred to as the PoweredUp Network. The award recognizes the company’s technology and business model as an innovative energy management systems solution that expands end-user access to renewable energy-based resilience options. “We’re thrilled to be recognized for our efforts in providing truly sustainable and equitable clean energy to traditionally underserved communities," said Frank Magnotti, CEO of Electriq Power. “The success of our Sustainable Community Networks is a testament to the demand for accessible energy management solutions, and we’re thankful to CleanTech Breakthrough for the opportunity to highlight our mission as a clean technology industry leader.”
Electriq Power wins 2024 CleanTech Breakthrough award for EMS Solution Provider of the Year.
Electriq Power Holdings Inc. has teamed up with Aveyo.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, announced a new partnership with Aveyo. Aveyo will provide customer acquisition and installation services of Electriq’s solar + battery storage systems for the company’s Sustainable Community Networks program, PoweredUp Network. Electriq’s PoweredUp Network offers a turnkey clean energy solution that includes everything needed for home energy independence – solar panels, solar battery storage, management and monitoring software, installation, and grid services. These systems are available to homeowners in select geographic locations. There are no upfront costs or deposits, credit, income or property lien requirements, making these systems accessible to homeowners of all socio-economic statuses
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE:ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, announced today that it has formalized its partnership with The Energy Coalition (TEC) to offer a Sustainable Community Networks (SCN) program within TEC’s Advanced Energy Community, and adjacent municipalities in Los Angeles County’s San Gabriel Valley area. Through the Sustainable Community Networks program, known as PoweredUp Network, Electriq offers zero-upfront cost solar + battery storage systems to qualifying homeowners. There are no income, credit or property lien requirements, making it ideal for low-to-moderate income residents to gain access to reliable, affordable, clean energy. The systems can also lower electricity costs up to 20%, stabilize electric costs by avoiding periods of peak pricing, and provide backup power during power outages. Electriq is set to launch the PoweredUp Network program to consumers by the end of Q1 2024
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About Electriq Power
Industries
Hardware
Energy
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
IPO
Headquarters
San Leandro, California
Founded
2014
There are no jobs for Electriq Power right now.
Find jobs on Simplify and start your career today