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Company	OhmConnect
Short Description	Developer of a system that pays users to reduce electricity at specific times of high grid stress
Status	Private
Year Founded	2013
Industry Group	energy & power
Sector	energy networks
TRL Range	9
Country	United States
Nbr Employees	1-10
Revenue Range
Total Equity Capital Raised	$91M
Last Stage Capital Raised	Growth Equity round of $55M 2022
Investors	500 Global, Taz Patel, City Light Capital, Floodgate Fund, Aspect Ventures, Radicle Impact, AME Cloud Ventures, Cthulu Ventures, Mark Pincus, Free Electrons, Kat Taylor, Jennifer Fonstad, Elemental Excelerator, Sidewalk Infrastructure Partners (SIP), Citigroup, California Energy Commission, ClearSky, Telus Ventures, Carrier, SunPower, Japan Energy Fund Ventures, Greentown Labs

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Short description

Developer of a system that pays users to reduce electricity at specific times of high grid stress

Founded in 2013

Founded in

Company type Private 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

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Headquarters San Francisco, CA San Francisco, United States

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Updated by Jonathan Koch at on 10/13/2017

Edited by Cleantech Group on 11/30/2022

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Matt Duesterberg

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11 financing events

40 investors

1 products

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Date		Company
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07/28/2022		Pomona Choice Energy Pomona Choice Energy View source Confirmed by Pomona Choice Energy	Development Partner	Delete

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06/09/2022	ClearSky ClearSky , Sidewalk Infrastructure Partners (SIP) Sidewalk Infrastructure Partners (SIP) , Telus Ventures Telus Ventures , Carrier Carrier , SunPower SunPower , City Light Capital City Light Capital , Floodgate Fund Floodgate Fund , Elemental Excelerator Elemental Excelerator , Radicle Impact Radicle Impact , Japan Energy Fund Ventures Japan Energy Fund Ventures , Citigroup Citigroup (11) Post-money valuation of Series D Funding Round will expand services and increase network with grid responsive devices and improve load flexibility for households. (source)	Growth Equity	$55,000,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Ohmconnect A software platform that replaces power plants with collective energy reductions	Product Development	Service - Per Unit	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Ohmconnect

A software platform that replaces power plants with collective energy reductions

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Developer of a system that pays users to reduce electricity at specific times of high grid stress

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