American Electric Power Company, Inc. is a major electric public utility holding company based in Columbus, Ohio, that engages in the generation, transmission, and distribution of electricity across 11 states, serving over 5 million customers. The company operates through various segments, including Vertically Integrated Utilities and Transmission and Distribution Utilities. American Electric Power generates electricity from a diverse mix of sources, including coal, natural gas, nuclear, and renewable energy such as wind and solar. It also supplies wholesale electricity to other utilities, rural cooperatives, and municipalities. In addition to its core electric services, the company maintains a substantial infrastructure, including railcars and barges for coal transport, and actively invests in renewable energy initiatives to enhance its energy portfolio and minimize environmental impact. Founded in 1906, American Electric Power emphasizes reliability and sustainability in its operations and community engagement.
Utilidata, Inc. is a technology company based in Providence, Rhode Island, specializing in energy software that optimizes energy grids. Founded in 1983 and formerly known as Programmable Control Services Inc., the company offers a platform that utilizes real-time distributed intelligence for operational insights within smart meters and grid edge devices. Utilidata's solutions facilitate the integration of renewable energy sources, enhance grid monitoring and security, and enable applications such as voltage optimization and conservation voltage reduction. The company has also partnered with NVIDIA to create a smart grid chip that combines advanced computing capabilities with embedded software, aimed at addressing challenges related to decarbonization, electrification, and adverse weather conditions. Through its innovative technology, Utilidata seeks to accelerate the transition to cleaner energy and improve services for utility customers.
ChargePoint
Series H in 2020
ChargePoint, Inc., founded in 2007 and based in Campbell, California, operates the world’s leading network of electric vehicle (EV) charging stations. Initially known as Coulomb Technologies, the company rebranded in December 2012. ChargePoint offers a range of charging solutions, including public charging stations, consumer subscription plans, and cloud-based services that assist utility companies in managing electric demand. Its hardware products cater to various applications, including home, commercial, and fast-charging systems. The ChargePoint app enhances user experience by allowing consumers to locate, reserve, and monitor their charging sessions. Although it has a global presence with offices in Arizona, Germany, India, the Netherlands, and the United Kingdom, the majority of ChargePoint's revenue is generated in the United States.
ChargePoint
Series H in 2018
ChargePoint, Inc., founded in 2007 and based in Campbell, California, operates the world’s leading network of electric vehicle (EV) charging stations. Initially known as Coulomb Technologies, the company rebranded in December 2012. ChargePoint offers a range of charging solutions, including public charging stations, consumer subscription plans, and cloud-based services that assist utility companies in managing electric demand. Its hardware products cater to various applications, including home, commercial, and fast-charging systems. The ChargePoint app enhances user experience by allowing consumers to locate, reserve, and monitor their charging sessions. Although it has a global presence with offices in Arizona, Germany, India, the Netherlands, and the United Kingdom, the majority of ChargePoint's revenue is generated in the United States.
Greensmith Energy Management Systems
Series C in 2015
Greensmith provides system integration, battery controls, web-based software, and data analytics for stationary energy storage systems. The company’s systems combine cloud computing with battery storage and management technologies to help solve complex problems related to critical changes unfolding on the electrical grid. Its fourth generation software platform, GEMS, is used for voltage and frequency regulation, peak shaving, PV smoothing, microgrids, and back-up power for critical loads. The company started as a battery-agnostic system integrator and software developer, combining multiple battery types and power conversion systems with proprietary firmware and software to orchestrate and maximize performance and safety. Greensmith’s customers include utilities, power developers, independent power producers, and commercial and industrial firms. Greensmith was founded in 2008 and is based in Rockville, Maryland.
GridEdge Networks
Series A in 2001
GridEdge Networks, located in Littleton MA, develops and sells highly reliable and cost effective grid protection and monitoring systems to electric utilities and independent power producers. GridEdge Networks products are located at the edge of the transmission and distribution grid and use its innovative powerline carrier technologies that significantly reduce costs and simplify installation for the electric utility and power generation customer. They enable deployment of protection and monitoring applications while leveraging existing infrastructure and utility assets.
Central and South West Corp
Acquisition in 1997
Central and South West Corp is a holding company for four electric utilities.
Appalachian Power
Acquisition in 1925
Appalachian Power Company generates, transmits, and distributes electric power.
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