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Sunverge Energy announced it raised $2.06 Million in an initial filing from an offering of $2.5 Million

May 30, 2023over 2 years ago

Amount Raised

$2.06 Million

Round Type

seed

San FranciscoEnergy

Company Information

Company

Sunverge Energy, Inc.

Location

950 Minna Street

San Francisco, California, United States

About

Sunverge Energy is a California-based company that optimizes the value of renewable energy by leveraging the practical advantages of distributed generation, storage, and software-as-a-service. Sunverge serves its thousands of customers by adopting a cloud-services delivery model for energy. Each SIS storage appliance provides power and energy services at the site where it is deployed. At the same time, reserve energy from every SIS under management is aggregated and pooled in the cloud. From this ‘virtualized’ pool, utilities and third-parties can reserve energy in advance, and can also request energy in real-time. Sunverge cloud energy services work continuously to balance grid demands by shifting resources to where they are needed most, optimizing how energy is captured and delivered.

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