UtilityAPI

UtilityAPI

Provides secure access to utility data

About

UtilityAPI provides secure access to utility data, focusing on the clean energy and utility management market. The company collects, standardizes, and shares utility data to help clients manage energy usage, optimize incentive programs, and comply with regulations like Green Button Connect. Their white-labeled platform allows clients to customize solutions for streamlined access to multiple utilities, aiding in the implementation of clean energy programs. UtilityAPI operates on a subscription model, offering insights through interval data to support clients in achieving their Environmental, Social, and Governance (ESG) goals, particularly in reducing Scope 2 carbon emissions. Additionally, they provide bill data services for managing energy usage and billing in community solar projects.

Company Stage

Series A

Employees

11-50

Industries

Data & Analytics, Energy

Total Funding

$10.7M

Headquarters

Oakland, California

Founded

2014


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Simplify's Take

What believers are saying

  • Integration with AI enhances predictive analytics for energy management solutions.
  • Smart grid technologies offer expansion opportunities for real-time data services.
  • Community solar projects increase demand for UtilityAPI's bill data services.

What critics are saying

  • Competition from E Source's platform may challenge UtilityAPI's market share in New York.
  • Scaling the Building Decarbonization In-a-Box program may face coordination challenges.
  • Dependency on Xendee for energy load modeling poses potential technical risks.

What makes UtilityAPI unique

  • UtilityAPI offers a white-labeled platform for customized utility data solutions.
  • The company specializes in secure, standardized access to utility data for clean energy.
  • UtilityAPI's services support ESG goals by reducing Scope 2 carbon emissions.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-10%

2 year growth

7%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Company Equity

401(k) Retirement Plan

401(k) Company Match

Home Office Stipend

Unlimited Paid Time Off

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