Sunverge offers a grid-aware Distributed Energy Resource (DER) control and aggregation platform, including its Sunverge Infinity edge controller and a Virtual Power Plant (VPP) orchestration layer. The platform delivers real-time grid-edge visibility and dynamic co-optimization of services on both sides of the meter for solar, energy storage, EVs/chargers and other smart devices. Sunverge targets utilities, aiming to help them operationalize and integrate DERs into core utility planning and operations. The company plans to expand and evolve its platform and deepen partnerships with utilities to support grid modernization and decarbonization goals. Financially, Sunverge announced an $11 million capital raise to fund ongoing innovation and platform expansion. The company is based in San Francisco. Sunverge Energy, founded in 2009 and based in San Francisco, designs and manufactures cloud-based intelligent energy storage systems and a distributed energy resource management platform. Its systems enable utilities to execute demand-response programs at the individual-customer level or aggregate assets into “Virtual Power Plants” to meet peak demand across communities or service areas. The company is advancing the Sunverge Solar Integration System (SIS), a distributed energy storage and management appliance composed of storage batteries, power electronics, and cloud-based system-management software, which will be available this summer. Sunverge raised $36.5M in a Series C financing and will use the funds to expand into new geographies. Investors in the round include AGL Energy, the Australian Renewable Energy Agency (ARENA), SBCVC, Siemens Venture Capital and Total Energy Ventures International. Ken Munson is the company's founder and CEO. Sunverge Energy develops the Sunverge Solar Integration System (SIS), a distributed energy storage solution that integrates batteries, power electronics and multiple energy inputs with software running locally and in the cloud. The company was founded in 2009 and is led by President and CEO Kenneth Munson from Stockton, CA. Sunverge has deployed nearly 300 SIS units at customer sites across the United States, Australia, New Zealand, Germany and South Korea. The company closed a $15M Series B and intends to use the proceeds to exploit growth opportunities in key markets worldwide. Its product combines hardware and software to manage distributed energy resources for customers and utilities. The business appears focused on scaling deployments internationally using the new capital.

Total raised

$63M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2019