Genability provides energy cost and savings data and a sophisticated rate engine plus a comprehensive database of electricity rates and incentives to companies across solar, storage, EVs and home energy management. Its product suite includes Switch (a lead-to-close sales product powering 8 of the top 10 solar providers), Conduct (load management and optimization for smart charging and load distribution), and Verify (independent assessment of actual monthly energy savings). The company sells to major solar, storage, EV and HEM players named in the article, and integrates its rate engine into customer workflows. Genability plans to use new funding to continue fast growth in rooftop and community solar, electric vehicles, behind-the-meter storage, and connected homes and buildings, and to roll out new products built on its electricity-cost capabilities. Management says it has leveraged rapidly growing revenue and customer base to secure this financing and accelerate product expansion. Genability builds and licenses an extensive database of electricity tariffs and a rate engine for integration into third-party products such as energy intelligence software (EIS) platforms. Its technology enables precise identification, maximization, and communication of energy savings in dollar terms rather than just kilowatt hours. The company works with enterprise customers that may have dozens or hundreds of sites and addresses the complexity of thousands of different U.S. utility tariffs. Genability partnered with EnerNOC to connect its tariff engine to EnerNOC's EIS applications, aiming to improve forecasts, operational tradeoffs, and verification of cost savings from efficiency measures. EnerNOC obtained certain exclusive rights to Genability's technology for EIS solutions serving commercial, institutional, and industrial customers. EnerNOC's Chairman and CEO Tim Healy will join Genability's board of directors.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2016