Voltus

Overview
News
Smart Building Technology?
Energy Optimization & Management Software?
Product stageSegments
Growth
?
Energy management
?

Voltus is a leading distributed energy resource (DER) software platform that connects various types of DERs, including energy storage, distributed generation, demand response, and energy efficiency, to wholesale electricity markets across the US and Canada. The company's VoltApp platform enables customers to monetize their DERs by participating in grid services programs and generating revenue. Voltus manages a portfolio of nearly 4,200 megawatts (MW) of DERs as of 2022 and helped offset 56,208 metric tons of CO2 emissions by delivering 97,175 megawatt-hours of electricity in the same year.

In February 2023, Voltus launched real-time, site-level carbon emissions avoidance reporting in VoltApp, allowing customers and partners to track avoided carbon emissions through their DER program participation. The company has established partnerships with various organizations, including the University of California, Berkeley, and Mawson Infrastructure Group, to enroll their facilities and resources in DER programs.

Voltus has also been recognized for its technology and achievements, receiving the Top Product of the Year Award from Environment + Energy Leader in 2022 for its VoltApp platform. In March 2022, the company was named one of America's Best startup Employers by Forbes.

In June 2022, Voltus announced its preparedness to provide nearly 2,600 MW of DERs to support grid reliability and address anticipated supply shortages across various regions, including Texas, New England, and the Midcontinent Independent System Operator (MISO) territory. The company expanded its available programs to customers, offering nearly 60 programs in 2022, including quick-response programs activated across seven power markets.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
2443 Fillmore St. San Francisco CA USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 66.1 mn
Last Funding:
USD 31.0 mn (Series C; May 2021)
Last valuation:
-
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