Evergy Ventures

Evergy Ventures is the venture capital arm of Evergy, established in 2015 and headquartered in Kansas City, Missouri. The firm specializes in investing in growth capital and early-stage companies within the energy sector, focusing on areas such as customer energy solutions, energy infrastructure, renewable services, and environmental remediation. In addition to these sectors, Evergy Ventures is open to attractive investment opportunities throughout the energy value chain. The firm primarily utilizes equity and debt instruments for its investments and has a strong preference for companies located in North America, particularly in the Midwest.

Dennis Odell

Vice President, Head of Evergy Ventures and Co-Founder

Brock Smith JD

Managing Director

Past deals in Electric Grid

ConnectDER

Series D in 2024
ConnectDER is a solar technology company based in Philadelphia, Pennsylvania, founded in 2011. It specializes in designing and manufacturing meter collars that facilitate the connection of distributed energy resources (DERs) such as solar photovoltaic systems, battery storage, and electric vehicle charging to residential homes and the grid. By transforming the electricity meter socket into an interconnection point, ConnectDER enhances the integration and management of DERs. The company also offers ConnectDER Cloud, a system that allows fleet operators to access metering data, manage operational parameters, and control firmware remotely. This technology improves the efficiency and resilience of home energy systems while benefiting users, the grid, and the environment.

ConnectDER

Series C in 2023
ConnectDER is a solar technology company based in Philadelphia, Pennsylvania, founded in 2011. It specializes in designing and manufacturing meter collars that facilitate the connection of distributed energy resources (DERs) such as solar photovoltaic systems, battery storage, and electric vehicle charging to residential homes and the grid. By transforming the electricity meter socket into an interconnection point, ConnectDER enhances the integration and management of DERs. The company also offers ConnectDER Cloud, a system that allows fleet operators to access metering data, manage operational parameters, and control firmware remotely. This technology improves the efficiency and resilience of home energy systems while benefiting users, the grid, and the environment.

Innowatts

Series B in 2019
Innowatts, Inc. is a Houston-based company founded in 2013 that specializes in software solutions for energy management. Its flagship product, PowerEASE, is designed for load forecasting, energy risk optimization, and infrastructure planning, serving a diverse clientele that includes retail energy providers, regulated utility companies, and public policy boards. Innowatts leverages advanced data analytics and machine learning to utilize energy usage data effectively, assisting energy retailers and utilities in managing grids, enhancing profitability, and achieving sustainability goals. The company's eUtility technology platform has processed data from over 34 million meters to help energy providers improve grid reliability, anticipate market trends, and create personalized energy experiences for customers.

Grid Assurance

Funding Round in 2018
Grid Assurance, founded in 2016 and based in Kansas City, Missouri, specializes in providing grid recovery solutions aimed at enhancing the resilience of electric transmission systems. The company offers a cost-effective service that grants subscribers access to critical, long-lead-time equipment, which is securely stored and can be quickly deployed in the event of outages. By complementing existing sparing programs at energy companies, Grid Assurance helps mitigate the impact of prolonged transmission disruptions, ensuring a more reliable electric grid.

Convergent Energy and Power

Funding Round in 2018
Convergent Energy and Power is a technology-neutral energy storage asset developer that specializes in a diverse range of projects, spanning from commercial and industrial applications to large-scale grid-connected systems. The company oversees the entire energy storage asset development cycle, which includes identifying project-specific opportunities, conducting economic evaluations, and managing contract and financial structuring. Additionally, Convergent is responsible for engineering, procurement, construction, and ongoing operations and maintenance of its energy storage solutions. By offering various cost-effective energy storage models, the company helps utilities and end-users address infrastructure challenges, manage peak electricity loads, and reduce overall electricity costs.
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