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Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
TracxnWorld’s Largest Startup Research Platform
2
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.3
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 07
Investment Trend 09
Who is Investing 18
Exit Outlook - IPO, Acquisitions 22
Sub Sector Analysis 26
Interesting Companies 42
Useful Links 49
Company List 52
Team 109
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.4
Sector Overview
Scope of report
Smart Grid scope includes companies providing smart and secured solutions for improving electricity grid. These companies includeAdvanced Metering Infrastructure (AMI), T&D Management, utility services, data analytics and microgrid companies. Companies thatenable demand management and utilization of generated electricity at residential and commercial spaces are also included. EnergyManagement Solutions and analytics solutions covering demand response, asset intelligence, energy intelligence, customer engagementand forecasting are included in the scope.
Power and distribution giants like General Electric, Schneider Electric and Siemens are excluded from the scope, however, largecompanies that have strong presence mainly into the smart grid like Eaton, Elster, Itron are included.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Horizontal Companies working in more than one business model across the smart grid value chain.
Advanced Metering
Infrastructure
Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks, and data
management systems that enables two-way communication between utilities and customers.
Load ManagementCompanies which help in reducing the consumption of electricity in accordance with demand during peak hours and
pricing by installation of battery storage or renewable energy in residential or commercial places
Transmission &
Distribution AutomationDistribution and Transmission automation solutions which enable the smart layer.
Utility ServicesNetworking platforms, Cyber security, Energy management solutions and analytics providers used by Utilities to control
the grid.
Disclaimer: The information and data in the report is based on global developments tracked in the sector till December 16, 2016. This is to categorically state that any eventsand relevant developments after the said date will not reflect in the report.
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.5
Evolution of Smart Grid
Most of the grids across the globe were facing ageing infrastructure with no innovation and upgrades till 1990. Electricitybecame the most important part of human life and any sudden failure in the grid can create chaos. After 9/11 attacks, Utilitiesare concerned about the security involved and thought of improving the grid infrastructure. With the advent ofcommunications, networking technologies and IIoT, grids started getting connected with more information.
1. Analog meters
2. Isolated Grids
Till 1990
Analog meters Isolated Grids
1. Analog meters
2. Isolated Grids
1. Analog meters
2. Isolated Grids
1. Analog meters
2. Isolated Grids
1990-
2000
2000-
2010
2010-
2016
Utility Technology Provider T&D Automation
Connected Grids Networks Digital
Meters
Meter Data Management New Widen Networks Communication
Systems DemandResponse Micro grids
Smart meters Data and Statistical analysis
Big Data Analytics Integration of
Renewable Energy Automated
Controls Sensors Thermostats
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
29
25
20
3029
26
5
0
7
14
21
28
35
2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
7
YoY – Number of companies founded
Gridco Systems FirstFuel Energyworx Origami Energy Smart Wires Vutiliti Iteros
Autogrid Powerhive Metry Advanced Microgrid Solutions PingThings SmartMeter2go SMAP energy
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
8
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.9
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$459M
$346M
$550M
$267M
$317M
$234M
$266M
$406M
$232M28
26
45
53
60
52
58
62
57
0
14
28
42
56
70
0
120
240
360
480
600
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
sFu
nd
ing
Am
ou
nt
(in
Mill
ion
s)
Funding Amount Number of Rounds
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.10
YoY – Number of Rounds by Stage
1514 13
19
13 12
2529
24
25
24 26
5
6
7
7
15 10
0
12
24
36
48
60
2011 2012 2013 2014 2015 2016
Nu
mb
er o
f R
ou
nd
s
Seed Early Late
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.11
YoY – Funding by Stage
$11M $6M $6M $12M $6M $4M
$133M $157M $144M$166M
$133M$120M
$49M
$66M
$54M
$52M
$246M
$98M
0
90
180
270
360
450
2011 2012 2013 2014 2015 2016
Tota
l Fu
nd
ing
Am
ou
nt
(in
Mill
ion
s)
Seed Early Late
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.12
Average Ticket Size – Early Stage
$0.8M$0.5M $0.6M
$1.0M $0.8M$0.4M
$4.7M$5.1M
$4.8M$4.4M
$7.3M
$9.0M
$9.6M
$7.2M
$9.3M
$12.5M
$11.8M
$5.3M
0.0
2.8
5.6
8.4
11.2
14.0
2011 2012 2013 2014 2015 2016
Fun
din
g A
mo
un
t (i
n M
illio
ns)
Seed Series A Series B
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.13
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
younicos.comYounicos
(Berlin, 2006)$50M PE Dec-2015 First Solar, GRUPOECOS
stem.comStem
(Millbrae, 2009)$23M Series C May-2016 Mithril
auto-grid.comAutogrid
(Redwood City, 2010)$20M Series C May-2016 Energy Impact Partners, Envision Ventures, Envision Energy, E.on
powerhive.comPowerhive
(Berkeley, 2011)$20M Series A Jan-2016 Prelude Ventures, Caterpillar, Tao Capital Partners, piinvest.com
mprest.commPrest
(Petah Tikva, 2003)$20M Series A Jan-2016 GE Ventures, OurCrowd
smartwires.comSmart Wires
(San Francisco, 2014)$20M Series D Jan-2016 Undisclosed
origamienergy.comOrigami Energy
(Cambridge, 2013)$20M Series A Apr-2016 Cambridge Innovation Capital, Octopus Ventures
energysavvy.comEnergySavvy
(Seattle, 2008)$14M Series D Oct-2016 GXP Investments, Inherent Group, Prelude Ventures, EnerTech Capital
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.14
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
spacetimeinsight.comSpace-Time Insight(San Mateo, 2008)
$13M Series D Sep-2016 Undisclosed
gridcosystems.comGridco Systems(Woburn, 2010)
$12M Series B Oct-2016 General Catalyst Partners, Lux Capital, North Bridge Venture Partners, Reinhausen
texzontechnologies.comTexzon Technologies
(Dallas, 2013)$9M Series A Nov-2016 Undisclosed
viridityenergy.comViridity Energy
(Philadelphia, 2008)$9M Series D May-2016 AltEnergy
geli.netGeli
(San Francisco, 2011)$8M Series A Apr-2016 Shell Global
calicoenergy.comCalico Energy
(Kirkland, 2004)$7M Series B Dec-2015 Undisclosed
tempusenergy.comTempus Energy
(Worcester, 2013)$6M Series A Dec-2015 Undisclosed
greenbird.comGreenbird
(Oslo, 2010)$5M Series A Nov-2016 Statkraft Ventures, ETF Partners
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.15
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
vizimax.comVizimax
(Longueuil, 1988)$4M Series B Jun-2016 Undisclosed
goelectricinc.comGo Electric
(Anderson, 2011)$4M Series A Jan-2016 GXP Investments, Elevate Ventures, Clean Energy Trust
geli.netGeli
(San Francisco, 2011)$3M Series A Jul-2016 Southern Cross Venture Partners
ecurv.comeCurv
(Cambridge, 2011)$3M Series B Sep-2016 Undisclosed
tangentenergy.comTangent Energy
(Kennett Square, 2009)$3M
Convertible Debt
Sep-2016 Undisclosed
trovedata.comTrove
(Buffalo, 2010)$2M Series A Dec-2015 Ecova
urjanet.comUrjanet
(Atlanta, 2010)$2M Series B Jul-2016 Undisclosed
energyworx.comEnergyworx
(Amsterdam, 2012)$1M Series A Jul-2016 henQ
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.16
Funnel view of Sector
Percent of Previous
59%
64%
51%
80
43
78
154
240
404
0 90 180 270 360 450
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
17
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.18
Most Active Investors in Sector
8
7
6 6
5 5 5 5
4 4
0
2
4
5
7
9
EnerTechCapital
Nth Power Climate-KIC GE Ventures FoundationCapital
GoldmanSachs
IntelCapital
RockPortCapital
BraemarEnergy Ventures
ConstellationTechnology
Ventures
Tota
l Nu
mb
er o
f R
ou
nd
s
Current Group BPLGlobal Wattstrat TendrilSilver Spring
NetworksGridPoint Viridity Energy Gridco Systems Viridity Energy Stem
Space-Time Insight Nexant Upside Energy Stem eMeter Current Group Nexant FirstFuel Grid Net Consert
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.19
Where are Top Investors investing
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.20
Top Investor by Stage of Entry
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
21
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.22
Top IPOs in last three years
IPO Date Company OverviewFunding Amount
Mcap at IPOExch:Ticker
Mar-2014 opower.comOpower
(Arlington, 2007)
Customer engagement platform, Demand response management and Home energy managementAccel Partners, NEA, Founder Collective, KPCB, MHS Capital, Wing Venture Capital, Akkadian Ventures
$65.5M NYSE:OPWR
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.23
Major Acquisitions in last one year
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.24
Major Acquisitions in last one year
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
25
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.26
December 2016Tracxn BlueBox : Smart Grid 404 companies in the sector, 240 funded, $647M invested in 2015-16 (YTD)
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.27
Top Business Models by Funding
$1.8B
$823M
$489M
$302M$233M
0
400
800
1200
1600
2000
Utility Services Horizontal Advanced Metering Infrastructure Transmission & DistributionAutomation
Load Management
Tota
l Fu
nd
ing
Am
ou
nt
(in
Mill
ion
s)
Avg. Age Aug-06 Jan-73 Aug-01 Jan-00 Jul-10
# Cos. 220 22 115 33 8
GridPoint Silver Spring Networks Arcadian Networks Smart Wires Ice Energy
Trilliant Landis+Gyr eMeter Gridco Systems Green Charge
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.28
Utility Services – Business Model Description
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.29
Utility Services – Entrepreneur Activity and Investment Trend
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.30
Utility Services – Most Funded Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.31
Horizontal – Business Model Description & Entrepreneur Activity and Investment Trend
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.32
Horizontal – Most Funded Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.33
Advanced Metering Infrastructure – Business Model Description
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.34
Advanced Metering Infrastructure – Entrepreneur Activity and Investment Trend
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.35
Advanced Metering Infrastructure – Most Funded Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.36
Transmission & Distribution Automation –Business Model Description
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.37
Transmission & Distribution Automation –Entrepreneur Activity and Investment Trend
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.38
Transmission & Distribution Automation – Most Funded Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.39
Load Management – Business Model Description and Entrepreneur Activity
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.40
Load Management – Most Funded Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
41
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.42
Interesting Unfunded and Seed Companies
Curated list of companies by the sector analyst are defined as Interesting
Company Overview Business ModelTotal
Funding
pingthings.ioPingThings
(2014, El Segundo)
Predictive analytics for managing assets in utility industryGE, Double M Partners, Frost Data Capital, GE Ventures
Utility Services > Energy Management Solutions > Utility-End > Asset Intelligence
$2.4M
egm.net
Electrical Grid Monitoring
(2012, Rosh Haayin)
Complete monitoring of transmission and distribution lines Transmission & Distribution Automation > Suite Solutions
gridsense.chGridSense
(2014, Zurich)
Load management for consumers using electricity price changes, weather forecasts etc. Load Management
quenext.comQuenext
(2016, Mumbai)
AI enabled utility management solutions.Utility Services > Network Operations Platform > Suite Solutions
geovas.comGeovas
(2008, Gurgaon)
Smart meter product and vehicle asset tracking solutionAdvanced Metering Infrastructure > Smart Meters > Finished Products
Senfal(2015, Utrecht)
Electricity prices forecastingAnode
Load Management
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.43
Interesting Unfunded and Seed Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.44
Interesting Series A Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.45
Interesting Series B Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.46
Interesting Late Stage Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.47
Top Funded Deadpooled Companies
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
48
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.49
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments in last one year Investment Trend Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Horizontal – Most Funded Companies Sub Sector Understand Link
Advanced Metering Infrastructure – Most Funded companies Sub Sector Understand Link
Demand Side Management – Most Funded Companies Sub Sector Understand Link
T&D Automation – Most Funded Companies Sub Sector Understand Link
Utility Services – Most Funded companies Sub Sector Understand Link
Data Analytics – Most Funded companies Sub Sector Understand Link
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.50
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
51
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.52
Smart Grid – Company List
Utility Services HorizontalAdvanced Metering
Infrastructure Transmission &
Distribution AutomationLoad Management
240 FUNDED COMPANIES AND 164 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.53
Utility Services (1/31)Company Overview Business Model Total Funding
N-Dimesion(2002, Richmond Hill)
Cyber-security protection for critical infrastructure assetsEnerTech Capital, EDC, BEST Funds Cyber Security $7.35M
Referentia Systems(1996, Honolulu)
Cyber Security solutions for smart gridCyber Security
TLC Secure(2011, Sunnyvale)
Security for smart gridCyber Security
Tendril(2004, Boulder)
Energy Intelligence and home energy management solutionsSiemens, RRE Ventures, VantagePoint Capital Partners, Vista Ventures, Appian Ventures, Good Energies Investments, HTGC, Access Venture Partners, GE Capital, In-Q-Tel, SunPower, GE Ventures, TIAA
Energy Management Solutions > Customer-End
$115M
FirstFuel(2011, Lexington)
Energy use intelligenceNext World Capital, Battery Ventures, Vast Ventures, Nth Power, RockPort Capital, E.on, Electranova Capital, Idinvest Partners
Energy Management Solutions > Customer-End
$45M
Intelen(2011, Brooklyn)
Building Energy Analytics and EngagementEnergy Management Solutions > Customer-End
$1.81M
SimpTek Technologies(2014, Fredericton)
Energy intelligence for homesNew Brunswick Innovation Foundation
Energy Management Solutions > Customer-End
$700k
BEN Energy(2011, Zurich)
Customer engagement platform for utilitiesEnergy Management Solutions > Customer-End
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.54
Utility Services (2/31)Company Overview Business Model Total Funding
Awaju(2012, Potsdam)
Customer engagement software for utilitiesEnergy Management Solutions > Customer-End
Greenely(2014, Stockholm)
Energy comparison with neighbors by analyticsSwedish Energy Agency
Energy Management Solutions > Customer-End
EnergySavvy(2008, Seattle)
Engagement platform between customer and utility, Home energy managementEnerTech Capital, Pivotal Investments Fund, Summit Capital, Pinnacle West, Element 8, Prelude Ventures, GXP Investments, Inherent Group
Energy Management Solutions > Customer-End > Demand Side Management Enablers
$27.25M
Lime Energy(1997, Newark)
Customer relationship software for utilitiesBison Capital Asset Management
Energy Management Solutions > Customer-End > Demand Side Management Enablers
$10M
Simple Energy(2011, Boulder)
Customer engagement platform for energy savingsTechstars, Green Tree Equity, Five Mill Ventures, Westly Group, Vision Ridge Partners, Valero Capital
Energy Management Solutions > Customer-End > Demand Side Management Enablers
$9M
Clean Power Research(1997, Napa)
Customer engagement programs for utility industry and online software to assess the usability of rooftop solar
Energy Management Solutions > Customer-End > Demand Side Management Enablers
DR2 Solutions(2012, Williamstown)
Customer engagement and marketing software for utilities Energy Management Solutions > Customer-End > Demand Side Management Enablers
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.55
Utility Services (3/31)Company Overview Business Model Total Funding
Pulse Energy(2007, Vancouver)
Customer engagement platform Energy Management Solutions > Customer-End > Demand Side Management Enablers
WattzOn(2008, Mountain View)
Analytics for energy savings and engagementAbundance Partners
Energy Management Solutions > Customer-End > Demand Side Management Enablers
SmartGrid Connect(2011, )
Engagement platform between utility and customers Energy Management Solutions > Customer-End > Demand Side Management Enablers
Agentis Energy(2009, Chicago)
Customer engagement data analytics for utilitiesClean Energy Trust
Energy Management Solutions > Customer-End > Demand Side Management Enablers
Consert(2008, San Antonio)
Energy Intelligence for smart gridQualcomm Ventures, GE Energy Financial Services, The Verizon Foundation, Constellation Technology Ventures
Energy Management Solutions > Customer-End > Energy Intelligence
$25M
Retroficiency(2009, Boston)
Data analytics for C&I customersPoint Judith Capital, World Energy Solutions
Energy Management Solutions > Customer-End > Energy Intelligence
$7M
Greenbird(2010, Oslo)
Open source middle ware for integration of data from various devicesStatkraft Ventures, ETF Partners
Energy Management Solutions > Customer-End > Energy Intelligence
$5M
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.56
Utility Services (4/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.57
Utility Services (5/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.58
Utility Services (6/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.59
Utility Services (7/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.60
Utility Services (8/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.61
Utility Services (9/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.62
Utility Services (10/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.63
Utility Services (11/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.64
Utility Services (12/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.65
Utility Services (13/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.66
Utility Services (14/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.67
Utility Services (15/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.68
Utility Services (16/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.69
Utility Services (17/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.70
Utility Services (18/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.71
Utility Services (19/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.72
Utility Services (20/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.73
Utility Services (21/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.74
Utility Services (22/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.75
Utility Services (23/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.76
Utility Services (24/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.77
Utility Services (25/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.78
Utility Services (26/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.79
Utility Services (27/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.80
Utility Services (28/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.81
Utility Services (29/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.82
Utility Services (30/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.83
Utility Services (31/31)
Go to BM List >> Horizontal
Smart Grid Report – January 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.84
Horizontal (1/3)Company Overview Business Model Total Funding
Silver Spring Networks(2002, Redwood City)
Connectivity platform and network provider for communications between utility and customer, smart meters and communication nodesEMC, KPCB, GV, GSV Capital, DAG Ventures, Foundation Capital, Saints Capital, ARTIS Ventures, Cross Creek Advisors, EEI Nat'l Key Accts, Hitachi, Juvo Capital, Northgate, Peterson Partners
$282M
Landis+Gyr(1896, Zug)
Smart Meters and communication provider : End to end energy management solutionsDubai International Capital, Propel Investments, aPriori Capital Partners
$265M
Current Group(2000, )
Complete solution for smart gridGoogle, Goldman Sachs, EnerTech Capital, ES Ventures, Hearst Communications
$113M
BPLGlobal(2004, Sewickley)
Distribution automation solutionsMorgan Stanley, IFC, Innovation Works, Novitas Capital, Saic, Telkonet, Nth Power, Ventures West Capital, GIV Management, Siemens Financial Services
$98M
Encorp(1992, Holcombe)
Demand response and smart communications systemsSiemens, Rustic Canyon Partners, Nth Power, Ballentine Partners, Arete Corporation, Perseus, Wexford Capital, Enstar Group, PacifiCorp, Craig Drill Capital
$53M
Kalki Communication Technologies
(1998, Bangalore)
Offers smart-grid solutions to optimize energy generationIFC, Global Environment Fund $11.5M
Alektrona(2004, Providence)
End to End solutions for smart gridSlater Technology Fund $450k
Utility Services << Go to BM List >>Advanced Metering
Infrastructure
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Utility Services << Go to BM List >>Advanced Metering
Infrastructure
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Utility Services << Go to BM List >>Advanced Metering
Infrastructure
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Advanced Metering Infrastructure (1/15)Company Overview Business Model Total Funding
Arcadian Networks(2006, Valhalla)
communication systems for energy sectorGoldman Sachs Communication systems $90M
SmartSynch(1998, Jackson)
communication systems for smart gridsCredit Suisse, J.P. Morgan, Siemens Venture Capital, Kinetic Ventures, Nth Power, Innovation Valley Partners, Battelle Ventures, Emerald Technology Ventures, Southern Farm Bureau Life Insurance, Endeavor Capital Management, Lake Street Capital, OPG Power Ventures Plc, Lime Rock Partners, Trilogy Equity Partners
Communication systems $65M
Eka Systems(2000, Germantown)
Smart grid networkingFlybridge Capital Partners, RockPort Capital, Westly Group, Angeleno Group, The Illinois Metropolitan Investment Fund
Communication systems $35M
Mobix Wireless Solutions(2004, Givat Shmuel)
Hybrid RF and PLC based communication systemsTamir Fishman, The Russian venture company, RVC USA Communication systems $6M
Kerlink(2004, Bretagne)
M2M communication equipments for connecting objectsBretagne Jeunes Entreprises, Societe Financiere Lorient Developpementis, Sodero Gestion, CM-CIC Investissement
Communication systems $5.78M
Ambient Corp(1996, Newton)
Communication, nodes and platformCommunication systems $5M
Nexgrid(2009, Fredericksburg)
Communication network systems for smart grid applicationsHarris Williams Communication systems $2.07M
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (2/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (3/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (4/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (5/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (6/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (7/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (8/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (9/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (10/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (11/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (12/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (13/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (14/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Advanced Metering Infrastructure (15/15)
Horizontal << Go to BM List >>
Transmission &
Distribution
Automation
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Transmission & Distribution Automation (1/5)Company Overview Business Model Total Funding
Texzon Technologies(2013, Dallas)
Ring Power Multiplier (RPM) technology, Zenneck surface wave which can transfer electricity to long distances wirelessly $8.92M
Networked Power(2014, Menlo Park)
Distribution Automation solutionsDistribution Automation
Sentient Energy(2009, Burlingame)
Line sensors for networksFoundation Capital
Distribution Automation > Distribution Grid Management
$22.5M
GRIDiant Corporation(2000, Los Altos)
A Utility analytics company Distribution Automation > Distribution Grid Management
$8k
Metrum Sweden(2004, Gothenburg)
Offers hardware for utilities and analytics softwareAlmi Invest, K
Distribution Automation > Distribution Grid Management
Awesense(2009, Vancouver)
Grid monitoring technology Distribution Automation > Distribution Grid Management
Sensei Solutions(2008, Holly Ridge)
Substation automation solutions Distribution Automation > Distribution Grid Management > Substation Management
$300K
Nortech Management(2015, Eckington)
Asset Management for utilitiesUK Government
Distribution Automation > Distribution Grid Management > Substation Management
Advanced
Metering
Infrastructure
<< Go to BM List >> Load Management
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Transmission & Distribution Automation (2/5)
Advanced
Metering
Infrastructure
<< Go to BM List >> Load Management
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Transmission & Distribution Automation (3/5)
Advanced
Metering
Infrastructure
<< Go to BM List >> Load Management
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Transmission & Distribution Automation (4/5)
Advanced
Metering
Infrastructure
<< Go to BM List >> Load Management
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Transmission & Distribution Automation (5/5)
Advanced
Metering
Infrastructure
<< Go to BM List >> Load Management
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Load Management
Transmission &
Distribution
Automation
<< Go to BM List
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Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
108
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Team
Sai Krishna
Senior Analyst – Energy
Abhyudai Gupta
Lead Analyst – Energy
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