Leap Surpasses 175,000 Meters and 1 GW on Virtual Power Plant Platform Company sees tremendous growth fueled by partnerships with leading energy technology companies. Posted December 5, 2023 SAN FRANCISCO, December 5, 2023 – Leap, the leading virtual power plant (VPP) platform, announced today it has surpassed 175,000 customer meters and 1 GW of customer load authorized on its platform, representing energy resources from over 75 technology partner companies. Following Leap’s latest capital raises totalling $16M, these new milestones reflect the continued advancement of Leap’s software platform as well as the company’s rapid expansion across California, Texas, New York, Massachusetts and Rhode Island. Leading energy technology companies such as SolarEdge, Generac, EnergyHub, Sunrun and Nuvve partner with Leap to aggregate and monetize their energy assets as virtual power plants (VPPs). Through Leap’s software-only solution, companies can quickly connect distributed energy resources (DERs), such as battery storage systems, electric vehicles, smart thermostats and building management systems, to multiple energy markets in order to earn revenue in demand response and other grid services programs. “Industry leaders choose Leap because we offer the fastest, easiest pathway to stand up VPPs across multiple markets,” said Thomas Folker, Leap CEO and Co-Founder. “The U.S. Department of Energy’s recent Pathways to Commercial Liftoff: Virtual Power Plants report calls for tripling the scale of VPP deployment by 2030. Thanks to Leap’s best-in-class technology, deep expertise in energy markets and partnerships with major technology brands, we are well-positioned to significantly advance that goal.”
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