Upstart Power, Inc.
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Upstart Power, Inc. - overview
Established
2018
Location
Southborough, MA, US
Primary Industry
Power & Utilities
About
Based in Massachusetts, US, and founded in 2018, Upstart Power, Inc. develops solid oxide fuel cell (SOFC) generators that convert natural gas to electricity that can use during power shutdown. As of 2023, the company is headed by its CEO Dr. Paul Osenar.
In October 2022, the firm raised USD 16. 95 million in Series C funding led by investor ITOCHU Corporation, with participation from returning investors Cricetus Felix Ventures, Enphase Energy, Inc. , H+ Partners, Rodgers Capital Group, and Sunnova Energy International Inc. The company design and manufactures the Upgen™ line of solid oxide fuel cell (SOFC) generators.
Products from Upgen are specifically made to cycle (multiple on/offs) and to only run when necessary, enabling them to work in harmony with current solar and battery storage systems. The firm products are wall-mountable, reduce GHG emissions, optimize solar power systems, provide long-duration backup power, and many others. The firm products can be used as residential and industrial extended backup power, and grid-independent power. The company plan to use the October 2022 funding to accelerate its renewable energy and enhance energy resilience.
Current Investors
Rodgers Capital Group, Enphase Energy, Inc., Sunnova Energy International Inc.
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.upstartpower.com
Verticals
Manufacturing
Company Stage
Series C
Total Amount Raised
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