S
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
Valuation & funding
Swell Energy funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
Comparisons
Swell Energy compared with similar companies
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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
Source: Dealroom Talent Intelligence.
Global footprint
Where Swell Energy has talent and traffic
team presence
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.
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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