UtilityAPI, Inc.

UtilityAPI, Inc. is a technology company that provides a platform for managing, standardizing, and integrating utility data, enabling clean energy companies and utilities to access and share critical customer data efficiently. Founded in 2014 in Oakland, US, UtilityAPI specializes in utility data exchange solutions. The company was established by Daniel Roesler and Elena Lucas and has conducted 2 funding deals to date.

In May 2022, it raised USD 11. 05 mn in Series A funding, led by Aligned Climate Capital, to enhance its platform offerings. The current CEO is Devin Hampton. UtilityAPI specializes in providing a robust platform that facilitates the seamless management, standardization, and integration of utility data.

Their core offerings include utility data exchange solutions, allowing clean energy companies, utilities, and program administrators to efficiently access and share customer utility data through a user-friendly interface. These solutions address specific use cases such as site assessments, market settlements, energy management, and access to rebates, serving clients across the United States, particularly in regions prioritizing clean energy initiatives. UtilityAPI generates revenue through a structured business model incorporating subscriptions and partnerships with various stakeholders, including utilities and clean energy companies. The revenue streams consist of fees for their utility data exchange services, vital for facilitating access to accurate utility data.

Clients typically engage on a subscription basis, paying for ongoing access to their flagship solutions, which allows them to efficiently manage utility data and streamline their operations. In May 2022, UtilityAPI raised USD 11. 05 mn in Series A funding, led by Aligned Climate Capital, to expand its platform offerings and geographic reach. The company plans to launch new products targeting specific clean energy initiatives and expand its services into new geographical markets across the United States.

The recent funding will support these growth initiatives, enhancing their platform capabilities and market presence.