About Russelectric
Russelectric is an Energy & Utilities company based in Hingham (United States) founded in 1955, and was acquired by Siemens in October 2018. Provider of power control system for micro grids. The company has 251 employees. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and Microgrid. Its legal entity is Russelectric Inc. Its competitors include Heila Technologies and VECKTA; 2 of its 2 listed competitors have raised funding.
Company details
Russelectric provides a power control system for microgrids. It provides high-speed switching system, parallel switchgear, transfer switches, and switchgear training simulator.
- Headquarters Hingham, United States
- Employees 251
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website russelectric.com
- Social LinkedIn X Facebook
- Acquired by Siemens (Oct 2018)
- Legal Name Russelectric Inc
Investors in Russelectric
Russelectric has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Siemens.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Industrial software is developed for automation, electrification, and digitalization solutions. | 1847 | siemens.com | United States |
Investor details for Russelectric
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People of Russelectric
1 people are tracked at Russelectric (1 in leadership); the tracked headcount is 251.
| Name | Role | Group |
|---|---|---|
Russ LaPointe | Owner | Leadership |
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Timeline of Russelectric
2 dated milestones of Russelectric across 63 years, from founding to its latest funding, stage changes and deals.
- Founded Russelectric is founded.
- Exit Acquired by Siemens.
Competitors of Russelectric
Russelectric has 2 listed competitors in our database, 2 of them funded. They include Heila Technologies and VECKTA.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| heilatech.com | 2015 | Somerville, United States | $2.5M | Solutions for connecting microgrids and distributed energy resources are offered. | ||
| veckta.com | 2019 | San Diego, United States | $3.3M | Cloud-based microgrid turnkey control solutions provider |
Detailed competitors of Russelectric
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Web traffic of Russelectric
Websites that share an audience with Russelectric (russelectric.com).
Websites whose visitors overlap most with Russelectric. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| powerguard.co.uk | 100% | #2,321,364 | View details | ||
| ultra-electronics.com | 77% | View details | |||
| aschome.com | 75% | #2,440,375 | View details | ||
| google.com | 50% | 85.8B | #1 | View details |
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Russelectric (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Related news about Russelectric
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Frequently Asked Questions about Russelectric
Russelectric was founded in 1955.
Russelectric is headquartered in Hingham, United States. It is registered at Hingham, Massachusetts, United States.
Russelectric has 251 employees.
Russelectric provides a power control system for microgrids. It provides high-speed switching system, parallel switchgear, transfer switches, and switchgear training simulator.
Russelectric's top competitors include Heila Technologies and VECKTA.
Russelectric has 1 investor. Key investors include Siemens.
Russelectric operates through Russelectric Inc.
Yes. Russelectric was acquired by Siemens in October 2018.