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Overview
Power TakeOff helps utilities and SMBs boost energy efficiency by using proprietary software and data analytics to analyze AMI data, perform remote diagnostics, and deliver personalized recommendations. It offers Virtual Commissioning VCx to enable mass-market SMB deployments through utilities and remote engagement. The company operates on a 100% pay-for-performance model, charging only for actual savings and sharing those savings with clients. Its goal is to reduce SMB energy use, improve cash flow, and help utilities deliver scalable, cost-effective efficiency programs.
About Power TakeOff
Industries
Data & Analytics
Consulting
Energy
Enterprise Software
Company Size
51-200
Company Stage
Seed
Total Funding
$70K
Headquarters
Denver, Colorado
Founded
2007
Simplify's Take
What believers are saying
- Lime Rock New Energy and Nuveen acquired in September 2023, fueling growth.
- Launched 13 new utility contracts in 2024, targeting 100 GWh savings in 2025.
- vSEM™ and Verify™ expand savings credits using meter data only.
What critics are saying
- AI startups like Sense undercut VCx pricing within 6-18 months.
- PG&E in-sources M&V analytics, reducing third-party contracts in 12-24 months.
- California regulators shift to deemed savings, dismantling pay-for-performance in 12-24 months.
What makes Power TakeOff unique
- Pioneered VCx™ pay-for-performance model using AMI data for SMBs.
- Utility Intelligence Platform® delivers personalized 11-17% savings recommendations.
- Scaled VCx® from 11 utilities in 2020 to 30 by 2025.
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Funding
Total Funding
$70k
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Holidays
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -11%1 year growth
↓ -11%2 year growth
↓ -11%Nuveen Will Leverage Its Impact Investing Expertise and Real Assets Capabilities to Further Position Power TakeOff as a Leading Provider of Energy Efficiency Services for Small and Medium Business Customers . .
Pioneering the Future: Power TakeOff joins with Lime Rock New Energy, beginning a new chapter of growth and innovation in the energy efficiency landscape. . .
DENVER, CO / ACCESSWIRE / September 5, 2023 / Power TakeOff, a software-enabled energy efficiency services company, today announces that funds managed by Lime Rock New Energy, a growth equity investor in companies accelerating the energy transition, has acquired a controlling interest in Power TakeOff from the company's founding shareholder group.
In 2021, Power TakeOff also received an award for the Community Assistance Services from the Association of Energy Services Professionals (AESP) for the incredible success of the VCx™ Program during COVID-19, which continued to operate virtually throughout shut-downs to help SMBs and public institutions reduce operating costs.
In a partnership with Puget Sound Energy, Power TakeOff launched the AMI Small and Midsize Business Virtual Commissioning™ (VCx™) energy efficiency program pilot on September 7, 2021, to employ advanced data analytics and targeted customer engagement to help non-residential customers save on electric and gas energy costs.
Power TakeOff is Hiring for 3 Jobs on Simplify!
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About Power TakeOff
Industries
Data & Analytics
Consulting
Energy
Enterprise Software
Company Size
51-200
Company Stage
Seed
Total Funding
$70K
Headquarters
Denver, Colorado
Founded
2007
Power TakeOff is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today