Genability, Inc., a San Francisco, CA-based energy software company, raised $3m in funding.
WindSail Capital Group, a Boston-based investment firm that provides growth financing to companies advancing energy innovation and sustainability, made the investment
The company intends to use the funds to continue its growth in rooftop and community solar, as well as electric vehicles, behind the meter storage, and connected homes and buildings, as well as to rollout new products built on top of its capabilities in electricity costs and savings.
Led by Jason Riley, Founder and CEO, Genability provides energy cost and savings data to such markets as solar (e.g. SunPower, SolarCity, NRG, Sunrun, SunEdison), storage (Tesla, Stem), EV (BMW, ChargePoint) and HEM (Whirlpool, Alarm.com).
Its products integrate rate engine and a database of electricity rates and incentives to provide energy cost insights.
Products include
– Switch, which allows solar providers to calculate and deliver savings proposals to their customers;
– Conduct, a load management and optimization product which enables EV OEMs to “smart charge” EVs or HEMs to distribute a load based on TOU rates, etc. and
– Verify, an independent assessment of actual monthly energy savings that allows customers to impact customer referral and conversion rates.
FinSMEs
10/03/2016