Sunverge Energy

Overview
Activities
Smart Homes: Energy & Water Solutions?
Product stageSegments
Growth
?
Renewable home energy generation, Home energy storage, Home energy monitoring and management
?

Sunverge Energy is a provider of an industry-leading distributed energy resource (DER) control, orchestration, and aggregation platform. The company's Virtual Power Plant (VPP) platform utilizes real-time data at the edge of the grid to manage and optimize DERs, Home Energy Management Systems (HEMS), and smart devices. This enables comprehensive demand management while offering and co-optimizing both consumer and grid services.

Sunverge's intelligent home energy management platform supports extended efficiency levels and control strategies for individual thermostats, controllable loads such as water heaters or pool pumps, and electric vehicle chargers. The platform integrates with utility Advanced Distribution Management Systems (ADMS) and Demand Response Management Systems (DRMS) using the OpenADR 2.0 billion protocol to provide reliable and rapid Demand Response using behind-the-meter energy storage and load management resources.

The VPP platform's advanced DER-enabled demand charge reduction algorithm uses aggregated fleet data collected in near real-time to reduce peak demand of groups of sites from multiple locations, allowing them to operate as a virtual nanogrid to minimize net aggregated demand. The Power Flow Limit Enforcement algorithm provides additional protections based on battery cell-level current and inverter temperatures, ensuring optimal system performance in varying environmental and operating conditions.

In February 2022, Sunverge partnered with Commonwealth Edison (ComEd), the largest electric utility in Illinois, to provide a battery energy storage solution for an innovative front-of-the-meter residential project. This project aims to enhance feeder-level system reliability and resiliency, and reduce the duration and frequency of customer outages by locating the energy storage systems in front of the residential meter and integrating tightly with utility distribution SCADA.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
950 Minna Street San Francisco CA USA
Founded year:
2010
Employees:
51-100
IPO status:
Private
Total funding:
USD 77.3 mn
Last Funding:
USD 2.1 mn (Debt Financing; May 2023)
Last valuation:
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