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Greensmith
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Short description

A leading provider of grid-scale energy storage software and integration solutions

Founded in 2008
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Reston, VA Reston, United States
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Parent Companies Wartsila

Updated by Henri Vansoest at on 05/17/2017

Edited by Cleantech Group on 06/10/2021

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  • 1 M&A items
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Date Company
05/26/2015

Duke Energy Duke Energy

Duke Energy is the largest electric power holding company in the United States with approximately $121 billion in total assets. Its regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest.

Confirmed by Duke Energy

Partnerships
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Date Partner Type
06/27/2018
Hyundai Motor Hyundai Motor
The company will develop second-life battery products with Greensmith. Together, they hope to build “a continuous, global supply chain” spanning battery manufacturing, electric vehicle sales, stationary storage deployment and end-of-life recycling.
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Confirmed by Hyundai Motor
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Investment Rounds
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IPO INFORMATION

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IPO status

IPO Type

Amount

Initial shares

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Exchange listed

Prospectus URL

Prospectus

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Source

Description

Date Investors Type Amount
12/09/2015 E.ON Ventures E.ON Ventures , American Electric Power American Electric Power (2)
Post-money valuation of
Greensmith plans to use the financing to expand commercial and technology delivery operations to leverage pipeline acceleration and to advance its market-leading GEMS energy storage software platform
Growth Equity $18,300,000
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