Leap

Leap is a leading platform for energy market access, providing software solutions that enable distributed energy resources (DERs) to participate in energy markets. Founded in 2017, Leap's technology facilitates the integration of various DERs, including battery storage systems, electric vehicle chargers, smart thermostats, HVAC systems, and other flexible assets, into virtual power plants (VPPs). The company's universal API and automated platform allow DER owners and operators to respond to real-time pricing signals, contributing crucial flexibility to the grid.

Leap's software-only solution streamlines the process of connecting technology partners to high-value revenue streams, simplifying market participation for a wide range of assets. By aggregating flexible loads from diverse DERs, Leap enables grid operators to efficiently utilize distributed demand-side resources for grid balancing. This approach helps reduce reliance on fossil-fueled "peaker" plants typically activated during high energy demand periods.

As of July 2023, Leap had connected over 70,000 customer meters to its platform across the US. The company's technology has demonstrated significant impact during critical grid events. For example, during the September 2022 California heat wave, Leap mobilized over 24,000 unique energy devices to support the strained electric grid, generating USD 1 million in revenue opportunities for its technology partners.

Leap has expanded its services to multiple regions in the US. In June 2023, the company launched operations in ISO New England (ISO-NE), connecting DERs in Massachusetts and Rhode Island to new revenue streams. Leap also introduced innovative offerings, including facilitating participation in the Massachusetts Clean Peak Energy Standard (MA CPS) program.

Key customers and partnerships

Leap has established partnerships with numerous prominent companies in the energy sector. These include Resideo (Honeywell), EnergyHub (Nest), Stem, Optiwatt, Generac, Sonnen, and Sunrun. In April 2023, Leap joined the Virtual Power Plant Partnership (VP3), an initiative launched by RMI to advance VPP solutions for electricity sector decarbonization.

The company has also formed strategic partnerships with utilities and energy providers. In July 2022, Leap partnered with NRG Energy's brand Direct Energy to deploy a real-time grid services program in Texas, aiming to bolster grid flexibility and generate savings for NRG customers. Additionally, in April 2022, Leap collaborated with National Grid to provide Demand Response services at four of National Grid's New York City offices.