Moore Strategic Investors and Emerson Ventures Invest in Scalable DER Software Solutions that Directly Address Climate Change
Louisville, KY – Virtual Peaker, a cloud-based SaaS company that empowers modern utilities with the friendliest distributed energy platform on the planet, has announced a $16.6 million investment to expand beyond its industry-leading distributed energy resource management systems (DERMS) platform that provides utilities with wraparound and scalable services—from event scheduling to enrollment to customer engagement—as well as strategic leadership in the fast-growing electric vehicle (EV) sector. The Series A funding round was led by Louis Bacon’s Moore Strategic Ventures (MSV), with participation from Emerson Ventures.
Virtual Peaker is already an international leader creating DERMS that help utilities seamlessly manage their distributed energy resources (DERs), including rooftop solar, wind, residential battery storage, and electric vehicles (EVs). As these renewable sources become more common, utilities are increasingly seeing the value of utilizing software that effectively manages and expands these DERs, and they’re looking for a partner with extensive experience building and scaling programs. Virtual Peaker is significantly expanding its platform to include Customer Engagement and Forecasting suites of products in addition to its DERMS suite.
The company’s suites-based approach allows utilities to customize and scale their software solutions to gain greater value from distributed energy resources. In addition to controlling devices, utilities can benefit from Virtual Peaker’s expertise in operating DER programs, including generating interest in programs, enrolling customers, keeping the customers engaged, paying incentives, and knowing when to schedule events. The electrification of the transportation sector represents a massive opportunity for utilities to leverage Virtual Peaker’s expertise and take the lead at the early stage of the EV adoption curve.
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