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Swell Energy

Energy · Santa Monica, United States · Founded 2014

California-based residential energy storage developer and aggregator MoreLess

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.

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.

Keywords: Renewable Energy, Smart Energy Technology, Energy Security, Energy Independence, Seamless Energy Backup, High-End Energy Generation, Home Battery Technology, Virtual Power Plant, Energy Efficiency, Utility Provider Partnerships.

Company overview

Swell Energy company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2014
Headquarters
Santa Monica, United States
Employees
17
Open positions
None listed
Dealroom signal
73.1
Investment activity
1 companies · latest Feb 2024
Capital deployed
Preferred round
ACQUISITION
client focusb2btechnologyHardwaretechnologyMobile appsub industryEnergy Efficiencysub industryEnergy Storagebusiness modelManufacturingsectorBatterysectorSustainable Development GoalssectorUrban TechsectorClimate TechsectorStationary Energy StoragesectorBuilding Energy EfficiencysectorGreen BuildingssectorGrid Energy Storage

Valuation & funding

Swell Energy funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Nov 2022 $120M $480M Greenbacker Capital · Ares Management · Ontario Power Generation · SoftBank
DEBTDebt Mar 2021 $0 For Good Ventures
GROWTH EQUITY VCOther financing Dec 2020 $450M Ares Management · Aligned Climate Capital
SERIES AOther financing Nov 2019 $12M $48M Ares Management · Aligned Climate Capital
CONVERTIBLEOther financing Nov 2017 $0 Third Sphere · Zak Tanjeloff
Showing 5 recorded eventsUnlock the complete deal history →

Growth signals

Swell Energy website traffic

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.

Latest monthly visits3.5K 3-month web change+84.2% 1-year team growth-10.5%
Monthly website visits89 observations · Dec 2018–Jul 2026
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Comparisons

Swell Energy compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Capital deployed

Swell Energy investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Swell Energy's talent

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Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

8 investors on Swell Energy's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 7 investors entered at this stage
Third Sphere
Zak Tanjeloff
Ares Management
Aligned Climate Capital
Greenbacker Capital
SoftBank
Ontario Power Generation
Series B+ 1 investor entered at this stage
For Good Ventures

Global footprint

Where Swell Energy has talent and traffic

Workforce by country
2 countries with
team presence
🇺🇸 United States92.9%
🇨🇦 Canada7.1%
2 countries shown

In the news

Latest news about Swell Energy

Recent press, funding announcements, and product moves mentioning Swell Energy — open to read from the original sources.

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Market sentiment

What the market is saying about Swell Energy

An AI-synthesized read of the highest-engagement posts about Swell Energy on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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