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Energy Tech Series B Founded 2016

On.Energy

On.Energy develops energy storage technologies and offers analytics solutions and AI-powered energy management software for smarter energy storage deployment. Founded in 2016 and headquartered in Miami, United States, On.Energy has raised approximately $20M in Series B funding from investors including Ultra Capital, Phalanx Impact Partners, and Lombard Odier. The company employs 246 people and provides integrated…

📍 Miami, United States · Energy Storage Tech

Funding snapshot

Last roundSeries B
Amount$25M
Date26 April 2024
Total raised$20M
Team size246

About

On.Energy develops energy storage technologies and offers analytics solutions and AI-powered energy management software for smarter energy storage deployment. Founded in 2016 and headquartered in Miami, United States, On.Energy has raised approximately $20M in Series B funding from investors including Ultra Capital, Phalanx Impact Partners, and Lombard Odier. The company employs 246 people and provides integrated energy storage systems combining hardware, software, and analytics for commercial and industrial customers, utilities, and renewable energy projects. On.Energy's platform enables intelligent load management, peak shaving, and grid services by optimizing battery dispatch based on energy prices, demand patterns, and grid conditions, supporting the transition to renewable energy by addressing intermittency challenges.

Business model

Energy Storage Tech > Energy Storage System > Hybrid

Institutional investors

Ultra Capital Phalanx Impact Partners Lombard Odier

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