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About Electriq Power
Industries
Data & Analytics
Energy
Company Size
11-50
Company Stage
IPO
Headquarters
San Leandro, California
Founded
2014
Overview
Electriq Power specializes in smart home battery backup and solar battery storage solutions. Their main product, the Electriq PowerPod, combines energy storage, management, and monitoring into one system. It features lithium-ion batteries and a hybrid solar battery inverter, all managed by intelligent software. This system helps homeowners and light commercial clients optimize energy efficiency and can reduce utility costs by up to 25% when used with solar panels. Electriq Power focuses on the renewable energy market, selling and installing PowerPod systems that can be scaled to fit different energy needs. They also provide an app for real-time energy monitoring and management, enhancing the system's efficiency. The company generates revenue through the sale of PowerPod systems, installation services, and possibly ongoing software services for energy management. Their goal is to help clients save on energy costs while promoting the use of renewable energy.
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Simplify's Take
What believers are saying
- Electriq Power won the 2024 CleanTech Breakthrough Award for EMS Solution Provider of the Year.
- Partnerships with Aveyo and The Energy Coalition expand market reach and accessibility.
- Government incentives for solar and battery storage boost Electriq Power's sales potential.
What critics are saying
- Increased competition from emerging companies may erode Electriq Power's market share.
- Rapid technological advancements could render Electriq Power's products obsolete.
- Dependency on third-party services like Aveyo may affect service quality.
What makes Electriq Power unique
- Electriq Power's PowerPod integrates energy storage, management, and monitoring in one system.
- The PoweredUp Network offers zero-upfront cost solar + battery storage systems.
- Electriq Power focuses on underserved communities with its Sustainable Community Networks program.
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Funding
Total Funding
$409.3M
Above
Industry Average
Funded Over
3 Rounds
Company News
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, is proud to announce that the company has been selected as the “EMS Solution Provider of the Year” winner of the 2024 CleanTech Breakthrough Awards. As an honoree of the inaugural award, Electriq was chosen from among thousands of submissions for the excellence, performance, value, and impact of the company’s residential solar + storage solution, the PowerPod 2, and its Sustainable Community Networks program, referred to as the PoweredUp Network. The award recognizes the company’s technology and business model as an innovative energy management systems solution that expands end-user access to renewable energy-based resilience options. “We’re thrilled to be recognized for our efforts in providing truly sustainable and equitable clean energy to traditionally underserved communities," said Frank Magnotti, CEO of Electriq Power. “The success of our Sustainable Community Networks is a testament to the demand for accessible energy management solutions, and we’re thankful to CleanTech Breakthrough for the opportunity to highlight our mission as a clean technology industry leader.”
Electriq Power wins 2024 CleanTech Breakthrough award for EMS Solution Provider of the Year.
Electriq Power Holdings Inc. has teamed up with Aveyo.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, announced a new partnership with Aveyo. Aveyo will provide customer acquisition and installation services of Electriq’s solar + battery storage systems for the company’s Sustainable Community Networks program, PoweredUp Network. Electriq’s PoweredUp Network offers a turnkey clean energy solution that includes everything needed for home energy independence – solar panels, solar battery storage, management and monitoring software, installation, and grid services. These systems are available to homeowners in select geographic locations. There are no upfront costs or deposits, credit, income or property lien requirements, making these systems accessible to homeowners of all socio-economic statuses
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE:ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, announced today that it has formalized its partnership with The Energy Coalition (TEC) to offer a Sustainable Community Networks (SCN) program within TEC’s Advanced Energy Community, and adjacent municipalities in Los Angeles County’s San Gabriel Valley area. Through the Sustainable Community Networks program, known as PoweredUp Network, Electriq offers zero-upfront cost solar + battery storage systems to qualifying homeowners. There are no income, credit or property lien requirements, making it ideal for low-to-moderate income residents to gain access to reliable, affordable, clean energy. The systems can also lower electricity costs up to 20%, stabilize electric costs by avoiding periods of peak pricing, and provide backup power during power outages. Electriq is set to launch the PoweredUp Network program to consumers by the end of Q1 2024
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About Electriq Power
Industries
Data & Analytics
Energy
Company Size
11-50
Company Stage
IPO
Headquarters
San Leandro, California
Founded
2014
There are no jobs for Electriq Power right now.
Find jobs on Simplify and start your career today