EnergyHub

EnergyHub

Manages distributed energy resources for utilities

About EnergyHub

Simplify's Rating
Why EnergyHub is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Energy

Company Size

51-200

Company Stage

Grant

Total Funding

$30.7M

Headquarters

New York City, New York

Founded

2007

Overview

EnergyHub provides solutions for utilities to manage electric vehicles (EVs) and distributed energy resources (DERs) through its Distributed Energy Resource Management System (DERMS) platform. This platform uses artificial intelligence to optimize the management of the energy grid, particularly at the grid edge where small-scale energy sources like solar panels and EVs are utilized. A key feature is Managed Charging for EVs, which helps utilities coordinate energy use and reduce infrastructure costs. EnergyHub stands out by integrating with a wide range of partners and leveraging resources from its parent company, Alarm.com, to enhance its offerings.

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Simplify's Take

What believers are saying

  • Acquisition of Kapacity.io enhances demand-side flexibility in Europe.
  • Partnership with FranklinWH expands virtual power plant capabilities and customer engagement.
  • $1.5M grant supports virtual power plant expansion, focusing on low-income families.

What critics are saying

  • Increased competition from DERMS providers like AutoGrid and Enbala.
  • Rapid AI advancements may require significant investment to stay competitive.
  • Potential regulatory changes in California could impact virtual power plant profitability.

What makes EnergyHub unique

  • EnergyHub's DERMS platform optimizes grid edge management with AI technology.
  • The Managed Charging feature for EVs reduces infrastructure costs for utilities.
  • EnergyHub's deep partner ecosystem enhances its competitive edge in the energy market.

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Funding

Total Funding

$30.7M

Below

Industry Average

Funded Over

4 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Paid Parental Leave

Gym Membership

Tuition Reimbursement

Company News

Business Wire
Dec 10th, 2024
EnergyHub Acquires Finland-Based Kapacity.io to Accelerate Demand-Side Flexibility in Europe

Kapacity.io, a European leader in heat pump optimization and flexibility, has been acquired by EnergyHub, North America's largest provider of resident

Solar Builder
Nov 11th, 2024
FranklinWH partners with EnergyHub for virtual power plant grid services

FranklinWH partners with EnergyHub for virtual power plant grid services.

Stock Titan
Jun 12th, 2024
EnergyHub Receives CEC Grant to Support Expansion of Virtual Power Plants in California | $ALRM Stock News

EnergyHub secures $1.5M grant from CEC to boost VPP deployment in California, targeting 7,000 DERs for a greener grid. Focus on low-income families and grid reliability.

Business Wire
Apr 16th, 2024
Cpower And Energyhub Partner On Residential Virtual Power Plant For Ameren Customers

BALTIMORE NEW YORK--(BUSINESS WIRE)--CPower Energy ("CPower"), the leading, national Distributed Energy Resource (DER) monetization and Virtual Power Plant (VPP) provider, and EnergyHub, a top grid-edge flexibility and VPP provider to utilities and markets, today launched a new residential VPP partnership available to 1.2 million Ameren Illinois customers in more than 1,200 communities across Midcontinent Independent System Operator (MISO), the U.S. midwestern grid operator. Ameren and other utilities in the Midwest are expanding VPP programs to help MISO cost-effectively manage increasing electricity demand by utilizing a growing base of distributed energy resources. The partnership combines CPower’s multi-year experience working with Ameren Illinois commercial and industrial customers with EnergyHub’s experience building some of North America’s largest residential VPPs for more than 60 utility clients. Together, they’re creating new opportunities for Ameren’s residential customers to earn rewards while helping keep the grid reliable and accelerating decarbonization. Through the partnership, Ameren Illinois customers with in-home smart thermostats across central and southern Illinois can enroll in EnergyHub’s Bring Your Own Thermostat® program with CPower acting as the VPP’s market participant for MISO

CleanTechnica
Mar 13th, 2024
Energyhub & Toyota Collaborate To Support The Electrical Grid And Improve Ev Ownership Experience

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsEnergyHub announces that they are collaborating with Toyota Motor North America (Toyota) to improve the electric vehicle (EV) ownership experience. A direct integration with EnergyHub’s platform enables Toyota and Lexus drivers to take advantage of certain utility programs designed to reduce the cost of charging for EV customers, while helping utilities ensure grid reliability and accelerate decarbonization.Shifting EV charging load away from times of peak electricity demand helps keep the grid reliable and can enable utilities to defer infrastructure investments that would otherwise be needed to meet increased demand for electricity as transportation electrification accelerates. This helps keep rates low for all customers.“Our collaboration with Toyota is a key milestone in EnergyHub’s effort to maximize customer choice through the largest ecosystem of EV OEM and electric vehicle supply equipment (EVSE) partners,” said Matt Johnson, VP of Business Development at EnergyHub. “This integration accelerates our work to improve the overall EV ownership experience, while unlocking grid service value for our utility clients.”Customers of utilities that partner with EnergyHub can access several types of EV programs, depending on what is available for their vehicles, including managed charging, vehicle-to-grid, EV-specific time-of-use rates, off-peak rebates, and EV data programs designed to support infrastructure planning. This allows EV owners to unlock rebates to offset the price of installing eligible EV charging equipment and incentives for shifting charging based on system-wide and localized grid constraints.“Empowering our Toyota and Lexus EV customers with cost-effective energy solutions that reduce emissions and contribute to the grid underscores Toyota’s commitment to sustainable mobility,” said James George, General Manager, EV Charging Solutions at Toyota

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