Voltus

Voltus

Manages virtual power plants and demand response

About

Voltus operates in the energy sector by managing virtual power plants and distributed energy resources (DERs). The company helps clients, including businesses and homeowners, reduce their energy use during peak demand times, which is known as demand response. This process not only helps prevent blackouts but also allows clients to earn money and save on energy costs through various payment mechanisms. Voltus has a strong track record, managing 5.8 gigawatts of DERs and executing over 7,500 dispatches to maintain grid stability. With 60 different programs available, clients can optimize their energy usage and financial returns. Voltus stands out from competitors by focusing on demand response and providing tangible financial benefits to its clients, having paid out $100 million in value. The goal of Voltus is to contribute to a more sustainable and reliable energy future by promoting energy savings and supporting grid stability.

Company Stage

IPO

Employees

201-500

Industries

Energy

Total Funding

$161.6M

Headquarters

N/A

Founded

2016


Simplify Jobs

Simplify's Take

What believers are saying

  • Voltus's partnerships with companies like Resideo and Sparkion highlight its commitment to innovation and expanding its service offerings.
  • The company's ability to pay out $100 million in value to customers demonstrates its financial stability and customer-centric approach.
  • Voltus's launch of real-time carbon reporting enhances transparency and aligns with growing environmental, social, and governance (ESG) trends.

What critics are saying

  • The competitive landscape in the clean energy sector could pressure Voltus to continuously innovate to maintain its market position.
  • Reliance on demand response programs may expose Voltus to regulatory changes that could impact its business model.

What makes Voltus unique

  • Voltus's focus on virtual power plants and distributed energy resources sets it apart in the clean energy sector, emphasizing grid stability and demand response.
  • Their business model of paying clients to reduce energy consumption during peak times is unique and promotes both financial savings and sustainability.
  • Voltus's extensive experience, managing 5.8 GW of distributed energy resources and executing over 7,500 dispatches, showcases their operational expertise and reliability.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

-2%

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