About Direct Energy
Direct Energy is a company based in Houston (United States) founded in 1986 was acquired by NRG Energy in July 2020. It operates as a Subscription Services, and Direct-to-Consumer (D2C). Direct Energy has completed 7 acquisitions, including Astrum Solar, Astrum Solar and Authority Brands. Direct Energy offers products and services including Electricity Plans, Natural Gas Plans, and Vivint Smart Home Security.
- Headquarter Houston, United States
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Sectors
Energy & Utilities
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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 Direct Energy
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
NRG Energy
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Astrum Solar
& 6 more
- Acquired by
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Products & Services of Direct Energy
Direct Energy offers a comprehensive portfolio of products and services, including Electricity Plans, Natural Gas Plans, and Vivint Smart Home Security. 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.
Electricity plans are offered for residential and business needs.
Natural gas plans are provided for various customer types.
Smart home security solutions are offered through Vivint partnership.
Funding Insights of Direct Energy
| 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 Direct Energy
Direct Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include NRG Energy and Centrica. 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 generation and storage are managed on a large scale.
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Founded Year | Domain | Location | |
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Provider of renewable energy producer and supplier services
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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 Direct Energy
Direct Energy has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Astrum Solar, Astrum Solar and Authority Brands. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solar PV modules are manufactured for renewable energy applications.
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2014 | ||||
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Residential heating, air conditioning, and plumbing services are offered.
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2013 | ||||
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SaaS-based energy management solutions are delivered to organizations.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Direct Energy
| 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 |
Direct Energy Comparisons
Competitors of Direct Energy
| 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 Direct Energy
When was Direct Energy founded?
Direct Energy was founded in 1986.
Where is Direct Energy located?
Direct Energy is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
What does Direct Energy do?
Direct Energy is established as a provider of electricity and natural gas plans across multiple states in the United States and Canada. Services are offered to both residential and business customers, including small and large businesses. Solutions such as home protection and smart home security through partnerships like Vivint are also provided. The company operates in the energy sector, focusing on delivering flexible and renewable energy options to meet diverse customer needs.
What products or services does Direct Energy offer?
Direct Energy offers Electricity Plans, Natural Gas Plans, and Vivint Smart Home Security.
How many acquisitions has Direct Energy made?
Direct Energy has made 7 acquisitions, including Astrum Solar, Astrum Solar, and Authority Brands.
Who are Direct Energy's investors?
Direct Energy has 2 investors. Key investors include NRG Energy, and Centrica.
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