About Open Energi
Open Energi is a Business Services company based in London (United Kingdom) founded in 1999, and was acquired by BP Ventures in July 2021. AI and cloud-based systems for grid load management are provided. It operates in the Business Services, Energy & Utilities, and Technology sectors. Open Energi has raised $166.68 million across 8 funding rounds from investors including bp, Carbon Trust and Ombu Group. Open Energi was last valued at $53.22 million in October 2016. Its chief executive, as recorded, is Andy Rees. Open Energi offers products and services including Dynamic Demand 2.0 and Grid-Scale Battery Service. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and Load Management. Its legal entity is OPEN ENERGI LIMITED.
Company details
Open Energi was founded in 1999 in London, United Kingdom, within the energy sector. Solutions for managing electricity demand are delivered, responding to imbalances between supply and demand on the grid. Technology is integrated with equipment ranging from refrigerators to industrial furnaces, enabling real-time adjustments to energy use for grid stability. Demand response analytics are supplied to utilities for operational decisions.
- Headquarters London, United Kingdom
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website openenergi.com
- Social LinkedIn X Facebook YouTube
- Acquired by BP Ventures (Jul 2021)
- Legal Name Open Energi Limited
- Date of Incorporation 09 Sep, 1999
- Jurisdiction SUNBURY ON THAMES, MIDDLESEX, UNITED KINGDOM
- Total Equity Funding$166.68M (USD)
in 8 rounds
- Latest Funding Round$25M (USD), Series C
Oct 2016
- Investorsbp
& 5 more
- Acquired byBP Ventures
(Jul 2021)
Products & Services of Open Energi
Open Energi offers a comprehensive portfolio of products and services, including Dynamic Demand 2.0 and Grid-Scale Battery Service.
Platform automates trading and optimization of energy storage assets.
Service optimizes battery storage for energy market revenues.
Apps and channels of Open Energi
its YouTube channel Open Energi has 46 subscribers and 19 videos.
Videos from Open Energi
The most watched videos on Open Energi's YouTube channel, Open Energi (46 subscribers). Click a video to play it here.
More on Open Energi.
Funding Insights of Open Energi
Open Energi has successfully raised a total of $166.68M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in October 2016. 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 $166.68M
- Total Rounds 8
- Last Round Series C — $25M
- First Round $2.6M
(Oct 2008)
- Investors Count 5
All 8 funding rounds of Open Energi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $25M | Series C | $53.22M | – | – |
| Feb 2015 | $917,296 | Grant | – | – | |
| Jan 2015 | $8M | Series C | $34.09M | – | – |
| Sep 2012 | $113M | Series C | $••••• | Ombu Group | – |
| Jul 2011 | $6.55M | Series B | $••••• | Ombu Group | – |
| Apr 2011 | $27,400 | Series B | $••••• | – | – |
| Sep 2009 | $11.5M | Series B | – | Low Carbon Germany, Naxos Capital Partners | – |
| Oct 2008 | $2.6M | Series A | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $53.22M | •••••••• |
| Jan 2015 | $34.09M | •••••••• |
| Sep 2012 | $••••• | •••••••• |
| Jul 2011 | $••••• | •••••••• |
| Apr 2011 | $••••• | •••••••• |
| Oct 2008 | $••••• | •••••••• |
Full valuation and stage history of Open Energi
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $53.22M (Oct 2016). 6 investors in total: 6 institutional.
Investors in Open Energi
Open Energi has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include bp, Carbon Trust and Ombu Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in environmental tech startups | 2011 | ombugroup.com | London, United Kingdom | |
| lowcarbon.gg | ||||
| naxos-capital.com | ||||
Venture capital and accelerator company funding companies in the UK | 2001 | carbontrust.com | Wilmslow, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
bp is recognized as a global energy company. | 1909 | bp.com | United States |
Investor details for Open Energi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
People of Open Energi
10 people are tracked at Open Energi (3 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Andy Rees | CEO | Leadership |
Ged Holmes | Managing Director | Leadership |
Steven Doyle | Director Of Technology | Leadership |
Gary Benbow | Engineering Manager | Team |
Ian Marshall | Finance Manager | Team |
Jay Haran | Data Scientist | Team |
Mark Boyce | Operations Manager | Team |
Tony Ford | Operations Analyst | Team |
David MacLean | Business Development Manager | Team |
Toby Slight | Backend Lead | Team |
Complete people profiles for Open Energi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Open Energi
5 dated milestones of Open Energi across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Open Energi is founded.
- Funding First funding round of $2.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $25.0M.
- Exit Acquired by BP Ventures.
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Related news about Open Energi
Complete news archive for Open Energi
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Open Energi
Open Energi was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Open Energi is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Andy Rees is the CEO of Open Energi, as recorded in our data.
Open Energi is a funded company, having raised a total of $166.68M across 8 funding rounds to date. The company's 1st funding round was a Series A of $2.6M, raised on Oct 2008.
Open Energi was founded in 1999 in London, United Kingdom, within the energy sector. Solutions for managing electricity demand are delivered, responding to imbalances between supply and demand on the grid. Technology is integrated with equipment ranging from refrigerators to industrial furnaces, enabling real-time adjustments to energy use for grid stability. Demand response analytics are supplied to utilities for operational decisions.
Open Energi offers Dynamic Demand 2.0 and Grid-Scale Battery Service.
Open Energi has 6 investors. Key investors include bp, Carbon Trust, Ombu Group, European Union, and Low Carbon Germany.
The valuation of Open Energi is $53.22M as of Oct 2016.
Open Energi operates through Open Energi Limited.
Yes. Open Energi was acquired by BP Ventures in July 2021.