Sunverge Energy, Inc.
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Sunverge Energy, Inc. - overview
Established
2009
Location
San Francisco, CA, US
Primary Industry
Power & Utilities
About
Sunverge Energy, Inc. specializes in advanced energy management solutions, focusing on optimizing renewable energy resources through innovative software that aggregates and manages energy storage systems. Sunverge Energy, Inc. provides energy management solutions that aggregate and control energy storage systems.
Founded in 2009 in San Francisco, US, the company received Series C funding of USD 10. 30 mn on February 25, 2022, bringing the total amount raised to USD 10. 30 mn with a current valuation of USD 43. 268 mn.
Sunverge offers a suite of advanced energy management solutions designed to optimize the use of renewable energy resources. The company's core product is a software platform that aggregates and manages energy storage systems, enabling utilities and commercial customers to balance supply and demand effectively. This technology facilitates various use cases, including peak load management, demand response, and grid resilience, allowing users to leverage stored energy during high-demand periods. Sunverge primarily serves utilities and energy providers in North America, Europe, and parts of Asia, aiming to empower them to transition towards more sustainable energy solutions.
The company’s clientele includes electric utilities and energy service providers, who utilize its technology to enhance operational efficiency and deliver value-added services to their end users. Sunverge generates revenue primarily through B2B partnerships with utility companies and energy service providers, offering subscription-based access to its energy management software and associated services. Transactions typically involve long-term contracts where clients pay recurring fees for access to the platform, which includes ongoing support and updates. The pricing structure is tiered based on usage and the scale of deployment, accommodating various client needs and project sizes.
Sunverge’s key offerings not only encompass its flagship software but also include integration services and consulting, ensuring that clients can effectively implement and maximize the benefits of the technology within their operations.
Current Investors
Ecosystem Integrity Fund, Evergy Ventures, Equinor Ventures
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Renewable Energy, Energy Storage & Batteries, Analytics & Performance Software
Verticals
Clean Technology, Cloud Computing, Manufacturing
Company Stage
Series C
Total Amount Raised
Subscriber access only
Sunverge Energy, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Sunverge Energy, Inc.'s Distributed Energy Resource Management Platform | - |
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