powermarket.com

About powermarket.com

PowerMarket operates an intelligent platform designed for the planning, operation, and trading of solar power, tailored for enterprises. The company utilizes a combination of satellite data, machine learning, and AI-driven insights to help organizations identify optimal solar project sites, forecast energy production, and manage solar assets. The platform provides an end-to-end solution for the solar lifecycle, including planning, execution management, and performance monitoring to optimize efficiency.

The company's mission is to make solar energy more accessible and easier to manage. Its platform serves a range of clients, including energy developers, utilities, real estate asset managers, and various businesses looking to decarbonize their portfolios. The business model is centered on providing software and services that help clients manage customer acquisition, enrollment, billing, and engagement for clean energy programs. For individuals and businesses, PowerMarket also facilitates participation in community solar projects, enabling them to receive credits on their electricity bills without installing equipment. The company earns revenue by taking a management fee for connecting and managing these participants.

One branch of PowerMarket, based in the UK, was founded by Abhinav Jain in 2016, who serves as CEO, alongside co-founder Phil Worthington, the Lead Scientist and CTO. Jain developed the idea during his MBA at Oxford University, inspired by inefficiencies he observed in the solar sector. This entity has received backing from Oxford University Innovation, the European Space Agency, and QVentures. Another branch, based in the US and founded in 2014-2015, was established by Eric Dahnke (CEO), Nicholas Baudouin, and Chris Barrett. This US-based entity focuses on community solar management and was launched at the Urban Future Lab.