About Convergent Energy and Power
Convergent Energy and Power is a company based in New York (United States) founded in 2011 was acquired by Energy Capital Partners in April 2019.. Convergent Energy and Power has raised $12.82 million across 5 funding rounds from investors including Equinor, DOE and Evergy Ventures. Convergent Energy and Power offers products and services including Energy Storage Systems and Solar Systems.
- Headquarter New York, United States
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Email
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Phone
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Website
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Social
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- Legal Name Convergent Energy And Power
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.82 M (USD)
in 5 rounds
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Latest Funding Round
$584.5 M (USD), Debt – Conventional
Jan 17, 2025
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Investors
Equinor
& 3 more
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Employee Count
Employee Count
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Acquired by
Energy Capital Partners
(Apr 01, 2019)
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Products & Services of Convergent Energy and Power
Convergent Energy and Power offers a comprehensive portfolio of products and services, including Energy Storage Systems and Solar Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Energy storage systems are developed and managed to store and discharge electricity strategically, enhancing reliability for various clients.
Solar systems are financed and integrated to support sustainability goals and reduce costs for utilities and industrial sectors.
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Software Development Team
10 people
Leadership Team
9 people
Product Management Team
8 people
Sales and Marketing
7 people
Senior Team
7 people
Legal and Compliance
4 people
Finance and Accounting
4 people
Data Analysis and Operations Team
4 people
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Funding Insights of Convergent Energy and Power
Convergent Energy and Power has successfully raised a total of $12.82M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $584.5 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $584.5M
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First Round
First Round
(05 Aug 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Debt – Conventional - Convergent Energy and Power | Valuation |
investors |
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| Dec, 2016 | Amount | Series B - Convergent Energy and Power | Valuation |
investors |
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| Nov, 2016 | Amount | Series B - Convergent Energy and Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convergent Energy and Power
Convergent Energy and Power has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Equinor, DOE and Evergy Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Energy Capital Partners is focused on energy transition investments.
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Convergent Energy and Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Convergent Energy and Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convergent Energy And Power Comparisons
Competitors of Convergent Energy and Power
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Convergent Energy and Power
When was Convergent Energy and Power founded?
Convergent Energy and Power was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Convergent Energy and Power located?
Convergent Energy and Power is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Convergent Energy and Power a funded company?
Convergent Energy and Power is a funded company, having raised a total of $12.82M across 5 funding rounds to date.
What does Convergent Energy and Power do?
Convergent Energy and Power was founded in 2011 in New York, United States, within the energy storage sector. End-to-end implementation of grid-scale projects is handled, with expertise applied to both grid-connected and behind-the-meter solutions. Services are extended to utilities as well as larger commercial and industrial customers, focusing on reliable energy management across operations in the United States.
What products or services does Convergent Energy and Power offer?
Convergent Energy and Power offers Energy Storage Systems and Solar Systems.
Who are Convergent Energy and Power's investors?
Convergent Energy and Power has 4 investors. Key investors include Equinor, DOE, Evergy Ventures, and Energy Capital Partners.