Recurve

Recurve's core business revolves around its FLEX platform, which enables utilities, regulators, and energy aggregators to treat distributed energy resources (DERs) as grid assets. The platform uses revenue-grade data from smart meters to create demand flexibility markets, allowing for the establishment of virtual power plants. This helps to reduce grid stress during periods of high demand by integrating behind-the-meter resources like energy efficiency, demand response, building electrification, and EV charging. The company generates revenue by providing this platform to its clients, which include major utilities like PG&E and organizations such as MCE and BayREN.

A key product is the FLEXmarket, which connects solution providers, or "aggregators," to markets that pay for the grid value of their energy-saving projects. This performance-based model pays for actual, measured energy savings during peak times, offering a more transparent and results-oriented approach compared to traditional rebate programs. For instance, Recurve, in partnership with PG&E, launched the Market Access program in California to mitigate summer blackouts by paying for performance based on load reduction during high-demand periods. The company has secured significant funding, including a Series B round of $18 million, from investors such as Calpine Energy Solutions, Quantum Innovation Fund, and Toshiba Energy Systems & Solutions.