Swell Energy builds virtual power plants (VPPs) by aggregating distributed solar-plus-storage systems and coordinating them via its GridAmp™ software platform. The company links utilities, customers, and third-party service providers to deliver grid services, bill savings, GridRevenue™, and energy security for homeowners and businesses. The announced funding will support development of 600 MWh of VPPs through deployment and aggregation of 26,000 energy storage systems across the United States, with projects in Hawaii, California, and New York. Swell operates three business verticals—Grid Services, Finance, and Development—and works with utilities to expand residential participation in capacity bidding and other programs. The company is pursuing development in underserved markets to provide grid flexibility, load management, renewable balancing, and ancillary services. Swell is headquartered in Los Angeles and emphasizes reducing reliance on fossil-fuel peaker plants while improving local grid resilience.

Total raised

$120M

Funding rounds

1

Latest round

Series B

Latest activity

Nov 2022