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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
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Simplify's Take
What believers are saying
- Power TakeOff reported 115+ GWh savings in 2025 and 50% headcount growth.
- Texas regulators reviewed VCx for 2026 TRM inclusion, expanding program standardization.
- The 2026 site says VCx saves 15% annually per participant with utility funding.
What critics are saying
- If utilities stop funding VCx, Power TakeOff loses its entire revenue engine.
- Texas TRM approval remains unresolved; denial in 2026 blocks a large, replicable market.
- Lime Rock controls the company; an exit failure constrains follow-on capital and acquisitions.
What makes Power TakeOff unique
- VCx® turns AMI data into no-cost savings, verified on bills, across 30 utility territories.
- Nuveen and Lime Rock backed Power TakeOff in 2023, validating its impact-led model.
- The company serves SMBs with remote commissioning, avoiding site visits and customer capital spend.
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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
↑ 20%1 year growth
↑ 20%2 year growth
↑ 20%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 2 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 2 Jobs on Simplify!
Find jobs on Simplify and start your career today