Green Charge Networks offers the Power Efficiency Agreement, a no-cost, performance-based financing model for behind-the-meter energy storage and software that time-shifts power use and optimizes EV charging, solar and efficiency measures. Its offering includes equipment, construction, operations and maintenance for installations. The company reports more than 31.3 megawatt hours of energy storage projects in operation or under construction across school districts, retail, government and utility customers. School district customers alone expect to save more than $36 million using energy storage without upfront or ongoing payments. Green Charge positions its systems as a way to lower utility bills, support renewable generation and promote grid stability. Founded in 2009 and headquartered in Santa Clara, Calif., with offices in NYC and San Diego, the company is leveraging financing to expand its project portfolio. Green Charge Networks sells modular energy storage devices paired with predictive energy-management software that smooths electricity usage to reduce demand charges for businesses. The systems use thousands of Samsung lithium-ion cells and are rated for indoor and outdoor use; a single module stores 30 kilowatts and typical installations are under half a megawatt. The company has deployed pilot projects with ConEdison and rollouts on grids operated by Pacific Gas & Electric, Southern California Edison, and Silicon Valley Power. Green Charge emphasizes software-driven optimization to shrink required battery size and maximize economic benefit. It raised $56 million in outside financing to scale customer deployments and financing offerings that lower upfront costs for customers.

Total raised

$76M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jan 2016