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Swell Energy
California-based residential energy storage developer and aggregator
About Swell Energy
Swell Energy is a startup that operates in the renewable energy sector, providing smart energy technology solutions to homeowners and businesses. The company's primary objective is to help its clients achieve energy security and independence from escalating energy costs. Swell Energy's business model revolves around the provision of seamless energy backup solutions, which kick in when the power goes out, ensuring an uninterrupted supply of electricity.
Read full description
The company's smart energy technology allows customers to avoid periods of peak energy prices through regular time of use programming. Furthermore, Swell Energy monitors the performance of its systems to ensure high efficiency. The company offers high-end energy generation technology, which allows clients to be self-sufficient and free from rising energy costs.
Swell Energy also provides cutting-edge home battery technology, which stores the energy produced by the system, ensuring a continuous power supply even during an outage. The company collaborates with utility providers across the US to bring the grid of the future to communities today.
Swell Energy's business model also includes the formation of a "virtual power plant" by networking together smart energy technology users. This approach makes the energy grid stronger, more resilient, and more efficient.
The company's revenue comes from the sale of its smart energy technology solutions and services to homeowners and businesses. It also earns income from partnerships with utility providers and through programs like the Uninterruptible Power Supply Fund Program, the My Energy Optimizer Partner+ Program, and the Battery Rewards Program.
At a glance
- Status
- Operational
- Founded
- 2014
- Headquarters
- Santa Monica, United States
- Employees
- 17
- Open positions
- None listed
- Dealroom signal
- 73.1/100
- Sub-industry
- Energy Efficiency, Energy Storage
- Sector
- Energy, Battery, Sustainable Development Goals, Urban Tech, Climate Tech, Stationary Energy Storage, Building Energy Efficiency, Green Buildings, Grid Energy Storage
- Technology
- Hardware, Mobile app
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company, latest Feb 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning Swell Energy.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Nov 2022 | $120M | $480M | Greenbacker Capital · Ares Management · Ontario Power Generation · SoftBank | ↗ |
| DEBTDebt | Mar 2021 | $0 | — | For Good Ventures | — |
Growth signals
Latest recorded traffic for Swell Energy is 3.5K monthly website visits, up 84.2% over the last three months. Swell Energy's team declined 10.5% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Third Sphere
Zak Tanjeloff
Ares Management
Aligned Climate Capital
Greenbacker Capital
SoftBank
Ontario Power Generation
Series B and later1 investor entered at this stage
For Good Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Swell Energy on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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