Leap operates a cloud-based marketplace that seamlessly connects distributed, grid-connected devices to wholesale energy markets, allowing technology partners to earn new revenue streams while enabling virtual power plants (VPPs). Its API and automation tools handle market registration, bidding and settlement, so partners can focus on deploying and managing assets rather than navigating complex market rules. Current integrations span batteries, electric vehicle charging infrastructure, smart thermostats, industrial facilities and more. By aggregating this flexible capacity, Leap helps provide resilient, zero-carbon support to electric grids. The company plans to expand internationally, beginning with Japan, where favorable deregulation and aggressive renewable mandates create strong demand for its service. Offices are maintained in San Francisco and the Netherlands. Leap is privately held, and no current revenue or user metrics were disclosed in the article.

Total raised

$54M

Funding rounds

7

Latest round

Equity

Latest activity

Jul 2023