GreenCom Networks

About GreenCom Networks

Founded in 2011 by Christian Feisst and later joined by co-CEO Peter Müller-Brühl, GreenCom Networks AG emerged from a vision to digitize and decentralize the energy sector. Feisst, who previously worked as a consultant in the energy practice and founded a smart grid business unit at Cisco Systems, identified the need for a platform that could empower end-customers in the shifting energy landscape. Müller-Brühl brought a decade of experience as a serial entrepreneur and executive roles in the automotive industry, including CIO/CTO for DaimlerChrysler AG in Germany. The company operates as a B2B2C business, providing a white-label Internet of Things (IoT) platform to utility companies, original equipment manufacturers (OEMs), and energy service companies (ESCOs).

The firm's core offering is its Energy Information Brokerage Platform (eibp), a software-as-a-service (SaaS) solution that integrates a wide variety of distributed energy resources (DERs). This allows for the connection and management of disparate home energy devices such as solar PV systems, battery storage, electric vehicle chargers, and heat pumps, regardless of the manufacturer. The platform orchestrates these assets to optimize energy consumption within a home, enabling services like smart green heating, smart charging, and comprehensive home energy management. For client companies, GreenCom's technology facilitates new business models, such as energy communities where users can share energy, and increases their customers' retention through compelling web portals and mobile apps that visualize and manage energy flows. Revenue is generated via a SaaS model, which includes a platform license fee and a volume-based fee dependent on the number of connected devices, supplemented by potential one-time setup fees.

A significant milestone in the company's history was its acquisition by Enphase Energy, a global energy technology company. The agreement was announced in August 2022 and completed in October 2022. This strategic move was intended to accelerate Enphase's home energy management solutions, particularly in the European market, by integrating GreenCom's software capabilities with Enphase's solar and battery systems. The acquisition provides Enphase with a skilled European engineering team and enables a complete home energy management system that helps homeowners manage costs, reduce their carbon footprint, and decrease reliance on fossil fuels.