PowerHub

Overview
News
Energy Optimization & Management Software?
Product stageSegments
Early
?
Asset Management Software
?

PowerHub is a software platform designed for the renewable energy industry, specializing in asset management solutions. Founded in 2011 and based in Toronto, Canada, the company develops tools to help manage renewable energy projects and portfolios in real-time. PowerHub's software suite includes features for invoicing, reporting, and data centralization, aimed at streamlining workflows and automating repetitive processes for asset managers dealing with complex renewables assets. In April 2022, PowerHub released a new version of its software, which included a complete overhaul of its architecture to industry-leading standards. This update improved user interface and dashboards, making it easier for clients to access key information quickly.

The company's offerings expanded in May 2023 with the introduction of a Community Solar solution, featuring invoicing and subscriber management capabilities. This addition aims to simplify operations for Community Solar projects by automating subscriber billing, streamlining subscriber onboarding, and providing analytics for data-driven decision-making. PowerHub utilizes Microsoft Azure's cloud platform to deliver a scalable solution to the renewable energy sector. The company was acquired by BayWa r.e., a global renewable energy developer and service provider.

Key customers and partnerships

PowerHub's client base includes companies in the renewable energy sector, such as Generate Capital. Tara Dhimitri, Vice President of Asset Management at Generate Capital, praised PowerHub for streamlining their billing process and improving efficiency. The company's solutions have been noted to connect seamlessly with existing systems, simplifying energy billing processes for its customers.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
1 St. Clair Avenue West, Suite 302 Toronto ON CAN
Founded year:
2013
Employees:
11-50
IPO status:
Private
Total funding:
-
Last Funding:
-
Last valuation:
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