QMerit

About QMerit

Qmerit operates as a pivotal force in the energy transition, focusing on simplifying the adoption of electrification technologies across North America. Founded in 2015 by Tracy K. Price, the company originated as a 2016 spin-off from ABM Industries, inheriting a seasoned leadership team and a sophisticated workforce management software. Price is a serial entrepreneur with a history of founding and leading technology and service companies, including Mesa Energy Systems and FieldCentrix, the latter of which formed the technological backbone for Qmerit. This background in managing large-scale, mobile workforces in the skilled trades provided the foundation for Qmerit's current business model.

The company's core business is providing and managing installation services for electric vehicle (EV) charging infrastructure and other home electrification products like solar panels and battery storage systems. Qmerit serves a diverse client base that includes homeowners, automakers, commercial property managers, fleet operators, and utilities. Its business model hinges on a proprietary, cloud-based platform that connects these clients with a vast, vetted network of over 24,000 certified electricians and contractors. This platform uses algorithms, including the Qmerit Contribution Index (QCI), a performance measurement system, to match the best-qualified installer to each job, ensuring quality and efficiency. Revenue is generated through these installation and integration services, with the company also helping clients access utility incentives and monetize carbon credits to offset costs.

Qmerit offers distinct solutions tailored to different market segments. For the residential market, its services, including PowerHouse by Qmerit™, facilitate the installation of Level 2 EV chargers, solar panel integration, and battery storage. The company has established key partnerships with major automakers like Ford, GM Energy, and Tesla, often bundling installation services with the purchase of a new EV. For commercial clients, Qmerit provides turnkey charging solutions for workplaces, multi-family residential buildings, and hospitality venues. Recently, it launched PowerForce™, an AI-driven platform for managing large-scale electrical maintenance, repairs, and upgrades for multi-site property managers. Its Fleet Expressway™ solution caters specifically to corporate fleet operators. The company was acquired by strategic partner Schneider Electric, a global leader in energy management and automation, which has helped accelerate its growth and expand its service offerings.