Swell Energy provides smart grid technology and energy management solutions that enable homeowners and businesses to generate, store, and optimize their energy use through solar power and advanced battery systems. This approach allows users to achieve energy independence and mitigate the impact of rising energy costs while ensuring reliable power supply during outages.
Funding
$120M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GGSVFounders
Product
Problem
Homeowners and businesses face rising energy costs and unreliable power grids, leading to financial strain and potential disruptions during outages. Traditional energy systems lack the ability to optimize energy usage and provide seamless backup power.
Solution
Swell Energy offers integrated smart grid technology and energy management solutions, enabling users to generate, store, and optimize energy through solar power and advanced battery systems. By networking together smart energy technology users, Swell creates virtual power plants (VPPs) that enhance grid resilience and efficiency. The Swell Compass platform actively monitors, reports, and optimizes energy use, while also interfacing with local utilities to monetize excess capacity. This approach provides energy security, independence from rising costs, and uninterrupted power supply.
Target Audience
Swell Energy targets homeowners and businesses seeking energy independence, cost savings, and reliable power solutions, as well as utility providers looking to enhance grid resilience through virtual power plants.
Features
- End-to-end residential and commercial solar power system design and installation
- Advanced home battery technology for energy storage and seamless backup power during outages
- Swell Compass energy platform for real-time monitoring, reporting, and optimization of energy usage
- Virtual Power Plant (VPP) aggregation, networking distributed energy resources to enhance grid stability
- Integration with local utilities to monetize excess energy capacity and support grid services
- Time-of-use programming to avoid peak energy prices and reduce energy costs
- Management of applicable rebates and incentives to lower upfront and ongoing costs