ConnectDER

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Energy Optimization & Management Software?
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Go-to-Market
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Grid Optimization Solutions
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ConnectDER specializes in developing innovative meter collar adapters that simplify the integration of distributed energy resources (DERs) into homes. The company's flagship product is a proprietary plug-in adapter that connects to the meter socket, bypassing a home's electrical service panel. This technology enables the installation of electric vehicle (EV) chargers, solar panels, and other DERs without the need for expensive and time-consuming electrical panel upgrades. ConnectDER's solution can reduce installation costs by an estimated 60-80% compared to traditional methods. The company's meter collars create a safe, standardized, and low-cost alternative for home installations, allowing for a simple 15-minute EV charger or solar panel installation process. As of May 2023, ConnectDER had deployed over 15,000 units across 17 states in the US.

Key customers and partnerships

ConnectDER has established strategic partnerships with major industry players. In July 2022, the company announced a collaboration with Siemens to supply a proprietary plug-in adapter for electric vehicle chargers. This adapter, designed and manufactured exclusively for Siemens, allows EV owners to charge their vehicles directly through the meter socket. ConnectDER has also partnered with utilities such as Nebraska Public Power and Omaha Public Power District to provide simple solar integration solutions. In February 2022, the company launched its Solar Collar for new residential solar installations in Nebraska, enabling rapid interconnection of grid-ready residential PV systems throughout Nebraska Public Power and Omaha Public Power District areas.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2037 Washington Ave Philadelphia PA USA
Founded year:
2011
Employees:
11-50
IPO status:
Private
Total funding:
USD 80.3 mn
Last Funding:
USD 35.0 mn (Series D; Dec 2024)
Last valuation:
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