Varentec

About Varentec

Varentec is a pioneering company in the field of Grid Edge Volt VAR control solutions, catering primarily to municipal utilities, cooperatives, and investor-owned utilities. The company provides both hardware and software that empower utilities to enhance customer satisfaction, improve grid efficiency, manage peak demand, reduce consumer energy consumption, and effectively integrate renewable energy resources. Varentec's flagship product, the ENGO dynamic VAR device, is deployed on the consumer side of the grid. These devices autonomously sense and regulate voltages by injecting dynamically reactive power at the Grid Edge, thereby achieving smarter power delivery.

Varentec operates in the energy sector, focusing on the critical leverage point of the electric power grid to drive innovation and sustainability. The company’s business model revolves around selling its advanced hardware and software solutions to utility companies, which in turn use these solutions to optimize their grid operations and reduce costs. Revenue is generated through the sale of these products and ongoing service agreements.

The company is backed by notable investors including Bill Gates, Khosla Ventures, and 3M New Ventures, and has also received support from the Department of Energy. Varentec's mission is to unlock new energy savings, better integrate clean distributed energy resources, and bring the power of distributed computing and control to the edge of the grid, benefiting consumers, the economy, and the environment.