VCharge (subsidiary of OVO Energy UK Ltd) Revenue and Competitors

Providence, RI USA

Location

$4.4M

Total Funding

Utilities

Industry

Estimated Revenue & Valuation

  • VCharge (subsidiary of OVO Energy UK Ltd)'s estimated annual revenue is currently $198k per year.(i)
  • VCharge (subsidiary of OVO Energy UK Ltd) received $1.9M in venture funding in December 2011.
  • VCharge (subsidiary of OVO Energy UK Ltd)'s estimated revenue per employee is $22,000
  • VCharge (subsidiary of OVO Energy UK Ltd)'s total funding is $4.4M.

Employee Data

  • VCharge (subsidiary of OVO Energy UK Ltd) has 9 Employees.(i)
  • VCharge (subsidiary of OVO Energy UK Ltd) grew their employee count by 29% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$4M260%N/AN/A
#2
$0.3M3-40%N/AN/A
#3
$50.1M20720%N/AN/A
#4
$6M340%N/AN/A
#5
$0.2M929%$4.4MN/A
#6
$17.8M8113%N/AN/A
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VCharge identifies large electric loads, makes them addressable via the Internet, controls them, and turns the load into a cashflow. In the process, we provide homeowners with good, clean heat, and grid operators like PJM and ISO NE with fast frequency response and other ancillary services. Our current specialty is working with Electric Thermal Storage heat, relatively uncommon in the US, but plentiful in Europe with over 15 million installed units. A "stone age" technology, ETS works by storing heat in ceramic bricks or tanks of water during off-peak hours, and the accessing the stored energy during peak hours. We save a typical homeowner 15% on the cost of heating their home. ETS is just one special example of Transactive Load that we can control. Transactive loads have some form of storage, and can communicate via our controls to provide rapid, automated demand response and other services to grid operators. Other examples of transactive loads include electric vehicles, compressed air storage, and ice air conditioning. We currently operate a 20MWh energy storage facility in Pennsylvania comprised of over 200 homes that use ETS heat. We provide price price-sensitive frequency regulation services to PJM using the asset and low-cost heat energy to homeowners. This "hidden in plain sight" grid asset represents cost effective grid-scale storage at less than $20/kWh.

keywords:Cleantech,Data Storage,Energy,Physical Storage,Solar Power,Storage,Wind Power

$4.4M

Total Funding

9

Number of Employees

$198k

Revenue (est)

29%

Employee Growth %

N/A

Valuation

N/A

Accelerator

VCharge (subsidiary of OVO Energy UK Ltd) News

2019-06-27 - Kaluza and sonnen pen platform partnership to ramp-up grid ...

Kaluza, the tech division of energy group OVO, will integrate its smart ... Sonnen's VPP platform has already seen success in the UK and is currently playing a pivotal role in Centrica's Local Energy Market ... developer VCharge, whose platform OVO has co

2018-12-28 - OVO Energy and Sunamp hot up with £1.6m of funding

The firms have combined OVO Energy's VCharge energy management ... currently, 90% of UK homes rely on burning natural gas for heating, ...

2018-12-21 - Sunamp and energy supplier OVO celebrate £1.6m funding deal

Sunamp and energy supplier OVO have been awarded £1.6 million of grant funding from the UK Government to work on the Zero Carbon ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$0.9M9N/AN/A
#2
$0.7M929%N/A
#3
$0.2M950%N/A
#4
$1.2M1025%N/A
#5
$1.2M10-17%N/A

VCharge (subsidiary of OVO Energy UK Ltd) Funding

DateAmountRoundLead InvestorsReference
2011-12-06$1.9MUndisclosedThe Slater Technology FundArticle