Participated · Series B · Aug 2022

Recurve provides an open-source platform and revenue-grade data to create demand flexibility markets that enable virtual power plants, giving utilities and aggregators confidence to treat distributed energy resources as grid assets. The company integrates behind-the-meter demand flexibility resources into the emerging carbon-free energy grid and offers real-time transparency for measuring, deploying, and procuring energy efficiency. Recurve is accessible across the United States and is growing globally. It has partnered with MCE to create the first FLEXmarket, which connects aggregators to markets that pay for the grid value of projects, and in July 2022 launched PG&E’s Market Access program. The platform leverages smart-meter telemetry to optimize demand flexibility technologies. Recurve says it will use the new funding to accelerate the transition to clean energy by reducing stress on the grid during periods of high demand. Recurve offers a software suite and services aimed at home performance contractors to manage home energy auditing and retrofitting projects. Its tools help contractors more accurately and profitably run projects, meet government standards, and help homeowners lower energy bills. The company targets the home performance market with a focus on improving auditing and retrofit workflows. Recurve plans to use new capital to meet growing demand and speed distribution of its software suite across the industry. The article positions the company as a technology provider bridging contractors, standards, and homeowners through its software and services.