About Verdant Microgrid
Verdant Microgrid is a company based in Bethesda (United States) founded in 2019 by Sam Houston and Robert Babcock. Verdant Microgrid has raised $150 million across 1 funding round from investors including ClearGen. Verdant Microgrid offers products and services including Microgrid Solutions, Battery Storage, and Solar Integration. Verdant Microgrid operates in a competitive market with competitors including Scale Microgrids, VoltaGrid, David Energy, New Sun Road and Enchanted Rock, among others.
- Headquarter Bethesda, United States
- Founders Sam Houston, Robert Babcock
- SectorsEnergy & Utilities
- Website verdantmicrogrid.com
- Total Equity Funding$150M (USD)
in 1 rounds
- Latest Funding Round$150M (USD), Series D
Jun 2021
- Investors
Products & Services of Verdant Microgrid
Verdant Microgrid offers a comprehensive portfolio of products and services, including Microgrid Solutions, Battery Storage, and Solar Integration.
Delivers turnkey systems for efficient power generation and cost optimization in industries
Enables peak energy offsetting and reduction of utility demand charges
Supports sustainable power through solar technology for industrial applications
Funding Insights of Verdant Microgrid
Verdant Microgrid has successfully raised a total of $150M through 1 strategic funding round. The most recent funding activity was a Series D round of $150 million completed in June 2021. 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 $150M
- Total Rounds 1
- Last Round Series D — $150M
- First Round $150M
(Jun 2021)
- Investors Count 1
All 1 funding rounds of Verdant Microgrid 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 |
|---|---|---|---|---|---|
| Jun 2021 | $150M | Series D | – | – |
1 investors in total: 1 institutional.
Investors in Verdant Microgrid
Verdant Microgrid has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ClearGen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Solar financing services are provided to enable renewable energy projects. | 2020 | clear-gen.com | Charlotte, United States |
Investor details for Verdant Microgrid
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People of Verdant Microgrid
2 people are tracked at Verdant Microgrid (2 in leadership).
| Name | Role | Group |
|---|---|---|
Sam Houston | Co-Founder | Leadership |
Robert Babcock | Co-Founder | Leadership |
Complete people profiles for Verdant Microgrid
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Timeline of Verdant Microgrid
2 dated milestones of Verdant Microgrid across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Verdant Microgrid is founded.
- Funding First funding round of $150.0M.
Competitors of Verdant Microgrid
Verdant Microgrid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scale Microgrids, VoltaGrid, David Energy, New Sun Road and Enchanted Rock, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scalemicrogrids.com | 2016 | Ridgewood, United States | $30M | – | Microgrids are manufactured by Scale Microgrids in the United States. | |
| voltagrid.com | 2020 | Houston, United States | $100M | – | AI and cloud-driven platform offering microgrids to provide electricity to off-grid areas | |
| davidenergy.com | 2016 | Brooklyn, United States | $49.1M | – | Distributed energy management systems are provided for building efficiency. | |
| newsunroad.com | 2014 | Richmond, United States | $5.9M | – | Distributed energy solutions for renewable power are provided. | |
| enchantedrock.com | 2006 | Houston, United States | $36.51M | – | Provider of load management and microgrid systems | |
| eloncity.io | 2017 | Dublin, United States | $20M | – | Microgrid solutions enabled by distributed energy generation systems are provided. | |
| solmicrogrid.com | 2019 | Alpharetta, United States | – | – | Operator of microgrids to provide electricity to off-grid areas | |
| novomoto.net | 2016 | Madison, United States | – | 12 | Solar PV micro-grids and monitoring solutions are provided. | |
| meshpower.co.rw | 2012 | Fort Collins, United States | – | – | Provider of solar nano-grids and smart metering systems | |
| sesame.solar | 2017 | Jackson, United States | – | – | Provider of solar nanogrid solutions |
Detailed competitors of Verdant Microgrid
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Latest news on Verdant Microgrid
Complete news archive for Verdant Microgrid
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Similar companies to Verdant Microgrid
10 companies that operate in the same segment as Verdant Microgrid (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 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 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Frequently Asked Questions about Verdant Microgrid
Verdant Microgrid was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Verdant Microgrid is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
Verdant Microgrid is a funded company, having raised a total of $150M across 1 funding round to date. The company's 1st funding round was a Series D of $150M, raised on Jun 2021.
Verdant Microgrid was established in 2019 in Bethesda, United States, within the energy sector. Microgrids are managed to deliver electricity to remote and off-grid locations. Turnkey solutions are provided for industries with high energy demands. Onsite energy production is facilitated, alongside services for energy accessibility, infrastructure security, and project execution and management. Operations focus on reliable power infrastructure in underserved regions.
Verdant Microgrid's top competitors include Scale Microgrids, David Energy and VoltaGrid.
Verdant Microgrid offers Microgrid Solutions, Battery Storage, and Solar Integration.
Verdant Microgrid has 1 investor. Key investors include ClearGen.