Top 10 Smart Grid startups

Updated: February 27, 2024

Smart grid startups are focused on developing advanced technologies and solutions that integrate digital communication, data analytics, and automation into the electrical grid infrastructure, enabling real-time monitoring, efficient energy management, demand response, and grid optimization, resulting in improved grid reliability, enhanced renewable energy integration, reduced energy waste, and increased overall efficiency in the transmission and distribution of electricity, thereby facilitating the transition to a more resilient, sustainable, and intelligent energy grid.
1
Country: UK | Funding: $2.1B
Octopus Energy develops cloud-based smart grid platform and provides fair prices forever and greener energy from the UK's largest investor in solar generation. It uses an innovative AI and data-based platform to balance loads around the grid.
2
Country: USA | Funding: $582.6M
Stem pairs artificial intelligence with energy storage to help organizations automate energy cost savings and protect against changing rates.
3
Country: USA | Funding: $495.5M
Arcadia Power is a nationwide home energy platform providing clean energy and savings.
4
Country: UK | Funding: $215M
BBOXX designs, manufactures, and distributes plug and play solar systems. It also offers pay-as-you-go solar power. BBOXX Power DC product range is closed DC systems in standardised sizes. BBOXX Hub brings the smart capabilities of remote monitoring and control to larger capacity systems and projects. BBOXX Pulse is a comprehensive management platform that enables growth of next generation utility businesses.
5
Country: USA
Uplight’s suite of software gives utilities granular data about how customers consume energy in their homes and businesses and offers ways to reduce their base power demand. It also provides a marketplace for consumers to find rebates and deals on energy-efficient appliances and electric vehicles.
6
Country: USA | Funding: $161M
AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. Acquired by Schneider Electric
7
Country: UK | Funding: $86.5M
Origami Energy is creating a real-time marketplace for a distributed energy world. It's smart technology intelligently manages and remotely controls distributed energy assets to access the most profitable current and future value opportunities.
8
Country: USA | Funding: $60.1M
Leap is a marketplace for universal distributed energy resources to participate in the energy market. Leap allows every connected device to help balance the grid, and get paid for it.
9
Country: USA | Funding: $50M
Weave Grid is dedicated to enabling large-scale electrification of transportation through direct & efficient system integration. The company taps into electric vehicle charging data and can optimize EV charging for customers such as utilities.
10
Country: USA | Funding: $45.3M
ConnectDER make products that integrate power and data from residential scale DERs into the grid.
11
Country: USA | Funding: $41.2M
SparkMeter offers comprehensive low-cost metering solutions for everything from rural micro-grids.
12
Country: USA | Funding: $40.5M
Enervee is a platform-oriented company that drives energy efficiency and consumer engagement through a suite of innovative SaaS products.
13
Country: Australia | Funding: $35M
Power Ledger has developed a series of world-leading blockchain energy applications, such as its P2P energy trading application.
14
Country: Singapore | Funding: $35M
Electrify develops blockchain-enabled peer-to-peer (P2P) trading of renewable energy in the city, which allows both utilities and consumers to produce and sell electricity.
15
Country: UK | Funding: £25M
Made up of Faraday Exchangers – independently-verified ‘plug and play’ devices that dynamically balance and smooth power flowing across the energy system – a Faraday Grid gradually transforms a traditional electricity network to deliver a more resilient system and lower energy costs.
16
Country: South Korea | Funding: $34.7M
ENlighten brings solar power plants of varying sizes scattered across the country into one integrated platform, where its clients can operate and monitor their solar plants and also estimate the power output of their plant.
17
Country: USA | Funding: $31.3M
Amperon is a provider of a digital smart meter platform that delivers real-time energy data forecasts and analytics.
18
Country: USA | Funding: $29M
Camus provides a grid orchestration platform to help electric utilities operate and build a reliable, affordable, and zero-carbon grid.
19
Country: USA | Funding: $24.3M
Innowatts’ platform transforms how energy providers understand and serve their customers. We use AI to unlock meter-level data, provide consumer insights and make businesses processes automated and smarter for energy retailers, utilities and grid operators.
20
Country: UK | Funding: $24.3M
Moixa is the UK’s leading smart battery company. We develop our Smart Battery hardware and GridShare software to facilitate smart energy storage and sharing.
21
Country: India | Funding: $21.7M
Cygni's Solar DC solutions or DC Micro-grid is an innovative technology which provides green solar energy and dc power at a very low cost.
22
Country: Sweden | Funding: $22.4M
The Eliq customer engagement platform and apps brings utilities all over the world closer to their customers. End-customers gain total control of their consumption resulting in 10x engagement, reduced churn, cost-to-serve and increased in-app upselling.
23
Country: Australia | Funding: A$26M
Thinxtra is empowering Australia and New Zealand’s Internet of Things by deploying SIGFOX world-leading LPWAN connectivity
24
Country: USA | Funding: $19.8M
Virtual Peaker’s web-based platform uses customers’ smart home devices to track and control consumption, keep the grid stable, and allow utilities to bring in more renewable energy sources.
25
Country: Switzerland | Funding: $18.5M
DEPsys provides evolutive solutions enabling traditional low-voltage electricity networks to cope with the new constraints of decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging storage technologies.
26
Country: UK | Funding: £15.9M
Piclo develops software to make electricity grids smart, flexible and sustainable.
27
Country: USA | Funding: $16.8M
LO3 Energy is developing blockchain based innovations to revolutionize how energy can be generated, stored, bought, sold and used, all at the local level.
28
Country: USA | Funding: $16.6M
WattBuy aims to give households a simple platform to shop for an electricity provider in states where that is an option. Users are able to upload their electricity usage and compare available plans to save money or buy electricity from a solar or wind energy provider.
29
Country: Norway | Funding: $17.2M
Enode develops APIs that connect EVs, home chargers, batteries, and heating to energy management apps.
30
Country: Brazil | Funding: $14.6M
Lemon Energy simplifies the consumption of solar energy, connecting local producers to businesses.
31
Country: Australia | Funding: $14.1M
Okra Solar is a modular energy startup that’s aiming to bring power to homes in rural areas via a plug-and-play solution that energy companies can easily deploy. The solution uses distributed energy technology that can bring micro-grids to rural communities via interconnected systems of solar panels and batteries.
32
Country: UK | Funding: £11M
Electron is a start-up harnessing blockchain technologies to design more efficient, resilient and flexible systems for the energy sector.
33
Country: Netherlands | Funding: €12.5M
Dexter provides forecasting and dispatching solutions based on AI and cloud-based technology that increases efficiency and reduces cost.
34
Country: Israel | Funding: $13M
Grid4C develops AI and Machine Learning solutions to extract maximum business value out of smart meters and IoT data, embedding algorithms at the grid edge, while delivering predictive insights for energy providers, their customers, and the grid.
35
Country: USA | Funding: $11.5M
Copper is a wireless energy monitor that helps utilities leverage real-time energy data to engage consumers with actionable energy insights.
36
Country: USA | Funding: $11.7M
UtilityAPI is a service that automatically collects utility bill and usage data from utility web portals.
37
Country: Canada | Funding: CA$14.7M
BluWave-ai uses artificial intelligence to improve operations for energy grids and renewable energy sources like wind and solar farms
38
Country: USA | Funding: $9.3M
Blue Planet uses it’s patented Liquid Condensed Phase Technology to convert CO2 into high-value CarbonMix building and highway materials.
39
Country: USA | Funding: $8M
Myst AI is a developer of the AI-based data analysis platform intended for electricity demand and supply forecasting.
40
Country: Spain | Funding: €7.1M
FlexiDAO specializes in developing software for the energy sector.
41
Country: UK | Funding: £6.2M
Upside Energy reduces greenhouse gases by enabling people to make smart choices about when to use energy. It uses advanced algorithms and artificial intelligence to match energy demand with the available supply, helping the electricity grid deal with fluctuations and times of peak usage.
42
Country: Australia | Funding: A$9.5M
Allume Energy is a renewable energy technology company focused on grid sharing and solar as a service for Australian communities.
43
Country: UK | Funding: $6.7M
Tempus Energy connects customers with the cheapest available energy using AI and smart algorithms to control and optimise when flexible assets use energy.
44
Country: Germany | Funding: €6.3M
Solarize provides SaaS for energy production, distribution and billing for commercial microgrids.
45
Country: Belgium | Funding: €6M
Data-driven solutions for utility pricing, forecasting and reporting. Helping fuel the transition is both an explosion of data amongst energy companies, used to inform decision-making processes and startups that are coming up with innovative ideas and solutions. 
46
Country: Germany
As a digital utility, Next Kraftwerke is the operator of a Virtual Power Plant (VPP ) & a trader on various European power markets. The company also creates a sizeable digital platform of flexible power producers and consumers.
47
Country: India | Funding: $6M
EdgeGrid is a technology platform to enable the energy transition for last-mile customers including households, small businesses, commercial building owners and electric vehicle charging networks
48
Country: USA | Funding: $5.9M
Singularity Energy, a SaaS platform that reports on carbon emissions for the electricity grid
49
Country: UK | Funding: £4.4M
Limejump’s Virtual Power Platform is an aggregation of flexible energy generation and storage assets of different sizes and technology types. They aim to deliver 100% renewable energy at all times to customers through the direct real-time connectivity between renewable energy sources, batteries and demand response.
50
Country: USA
Griddy is a wholesale electric provider that connects you directly to the grid. Griddy gives homeowners and businesses direct access to the ups and downs of wholesale prices.