EnergySage

Last updated
EnergySage
Industry Solar power, comparison solar website
Founded2009;15 years ago (2009)
Boston, Massachusetts
FounderVikram Aggarwal, CEO
Headquarters Boston, Massachusetts
Parent Schneider Electric
Website www.energysage.com

EnergySage is an American Boston-based company that operates an online comparison marketplace for clean energy products such as solar, energy storage, and heat pumps. The company's website provides information about clean energy options and shows online quotes from local solar, heat pump, and battery installers for consumer comparison shopping. The company also issues reports and survey results on the state of the clean energy industry regarding pricing, consumer preferences, and trends.

Contents

EnergySage has received grants from the U.S. Department of Energy's (DOE) SunShot Initiative and additional funding from the Massachusetts Clean Energy Center (MassCEC), as well as venture capital groups. In 2022, EnergySage was acquired by Schneider Electric and continues to operate independently.

History

EnergySage was founded in 2009 by Vikram Aggarwal. [1] Aggarwal's early goal for the company was to create "a website that would tell consumers the right questions to ask about solar energy." In June 2012, EnergySage was awarded $500,000 from the DOE through the Solar Energy Technologies Office's Incubator program, an early-stage assistance program for startup cleantech companies. [2]

The DOE later awarded EnergySage an additional $1.25 million in October 2013 via the department's SunShot initiative to develop its solar marketplace, and $1.6 million in July 2017. [3] EnergySage announced a $1.5 million Series-A funding round in May 2015 led by Launchpad Venture Group, MassCEC, and other venture capital groups. [4] Later in 2015, the Solar Energy Industries Association selected EnergySage to "make the organization's own solar shopping tool[,] [t]he SEIA EnergySage marketplace." [5]

In 2019, EnergySage introduced a buyer's guide for an independent ratings system for solar panels, batteries, and inverters. [6] The National Renewable Energy Laboratory assisted EnergySage in the early development of the system. [7]

In 2020, conglomerate Schneider Electric invested in EnergySage during the COVID-19 pandemic, [8] and by 2021 the company's separate marketplace for community solar included nine states. [9] In February 2022, Schneider Electric announced that it had acquired EnergySage for an undisclosed amount, with EnergySage continuing to operate independently. [10] [11]

Products and operations

Solar marketplace and solar calculator

Homeowners and businesses use EnergySage's solar marketplace to request and compare solar or solar plus storage quotes from the company's network of local installers. [12] Quotes are standardized with data points such as cost, financing options, equipment quality, etc. [13] The marketplace takes advantage of Google satellite imagery to estimate a property's solar capabilities and covers 41 states and Washington, D.C. [14] [15] Installers are required to compete for business and display their quotes side-by-side and customers can review their options with a company advisor. [16] [17] EnergySage also offers a calculator for property-specific estimates of the costs and advantages of installing solar based on live quotes. [18]

Other products

EnergySage's community solar marketplace displays community solar projects based on a user's zip code and utility company. [19] After joining a project, customers receive credits for offsetting their energy consumption with solar. [20]

In October 2022, the company launched the EnergySage Heat Pump Marketplace for evaluating heat pump quotes from EnergySage's network of approved  companies. The additional marketplace provides similar services to the company's solar marketplace, but focuses on air source heat pumps. [21] [22]

EnergySage regularly publishes reports about the US's larger solar marketplace with the data it collects from its services. The Solar & Storage Marketplace Report, a biannual publication, analyzes millions of transactions for solar panels, inverters, batteries, etc. [23] The company also releases information about the U.S. solar and battery industry based on its surveys of local and national solar installers. [24]

Awards

In 2016, EnergySage and partner National Grid received a GridEdge Award from Greentech Media for its SolarWise Rhode Island project. [25] EnergySage and National Grid were awarded together again for the 2020 Best Practices Award for Consumer Engagement from the Smart Energy Consumer Collaborative. [26]

Aggarwal was named to the Boston Globe's 2016 Game Changer list. [27] In 2017, EnergySage received the Outstanding Venture award from National Renewable Energy Laboratory at the 2017 Industry Growth Forum. [28]

Related Research Articles

<span class="mw-page-title-main">Heat pump</span> System that transfers heat from one space to another

A heat pump is a device that uses work to transfer heat from a cool space to a warm space by transferring thermal energy using a refrigeration cycle, cooling the cool space and warming the warm space. In cold weather a heat pump can move heat from the cool outdoors to warm a house; the pump may also be designed to move heat from the house to the warmer outdoors in warm weather. As they transfer heat rather than generating heat, they are more energy-efficient than other ways of heating or cooling a home.

<span class="mw-page-title-main">Net metering</span> Type of billing of electricity generated from renewable sources

Net metering is an electricity billing mechanism that allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated. This is particularly important with renewable energy sources like wind and solar, which are non-dispatchable. Monthly net metering allows consumers to use solar power generated during the day at night, or wind from a windy day later in the month. Annual net metering rolls over a net kilowatt-hour (kWh) credit to the following month, allowing solar power that was generated in July to be used in December, or wind power from March in August.

<span class="mw-page-title-main">Solar Electric Light Fund</span> Solar power

The Solar Electric Light Fund (SELF) is a non-profit organization whose mission is to design, fund and implement solar energy solutions to benefit those in poor rural communities without access to an electrical grid. This allows students to study at night and brings computers and Internet into schools. It makes it possible to bring in water for irrigation without having to hand-carry it long distances, allowing women to spend their time on money-earning enterprises. Access to electricity and water improves health care. SELF has completed several projects in more than 20 countries including a solar powered drip irrigation in Benin, a health care centre in Haiti, telemedicine in the Amazon rainforest, online learning platform in South Africa, and a microenterprise development in Nigeria.

<span class="mw-page-title-main">Microgeneration</span> Small-scale heating and electric power creation

Microgeneration is the small-scale production of heat or electric power from a "low carbon source," as an alternative or supplement to traditional centralized grid-connected power.

<span class="mw-page-title-main">Hybrid power</span> Combinations between different technologies to generate electric power

Hybrid power are combinations between different technologies to produce power.

<span class="mw-page-title-main">Solar shingle</span> Type of solar panel

Solar shingles, also called photovoltaic shingles, are solar panels designed to look like and function as conventional roofing materials, such as asphalt shingle or slate, while also producing electricity. Solar shingles are a type of solar energy solution known as building-integrated photovoltaics (BIPV).

<span class="mw-page-title-main">Solar power in India</span>

India's solar power installed capacity was 73.32 GWAC as of 31 December 2023.

<span class="mw-page-title-main">Renewable energy in the United States</span>

According to data from the US Energy Information Administration, renewable energy accounted for about 13.1% of total primary energy consumption and about 21.5% of total utility-scale electricity generation in the United States in 2022.

<span class="mw-page-title-main">Solar power</span> Conversion of energy from sunlight into electricity

Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic effect. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight to a hot spot, often to drive a steam turbine.

<span class="mw-page-title-main">Solar power in the United States</span>

Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2022, utility-scale solar power generated 145.6 terawatt-hours (TWh), or 3.4% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 204 TWh.

<span class="mw-page-title-main">Solar power in Arizona</span> Overview of solar power in the U.S. state of Arizona

Solar power in Arizona has the potential to, according to then-Governor Janet Napolitano, make Arizona "the Persian Gulf of solar energy". In 2012, Arizona had 1,106 MW of photovoltaic (PV) solar power systems, and 6 MW of concentrated solar power (CSP), bringing the total to over 1,112 megawatts (MW) of solar power. As an example, the Solana Generating Station, a 280 MW parabolic trough solar plant, when commissioned in 2013, was the largest parabolic trough plant in the world and the first U.S. solar plant with molten salt thermal energy storage.

<span class="mw-page-title-main">Solar power in Hawaii</span> Overview of solar power in the U.S. state of Hawaii

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<span class="mw-page-title-main">Rooftop solar power</span>

A rooftop solar power system, or rooftop PV system, is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure. The various components of such a system include photovoltaic modules, mounting systems, cables, solar inverters and other electrical accessories.

Clean Power Finance, headquartered in San Francisco, California, is a financial services and software company for the residential solar industry.

<span class="mw-page-title-main">Solar power in Connecticut</span> Overview of solar power in the U.S. state of Connecticut

Solar power in Connecticut establishes Connecticut as the second state in the US to reach grid parity, after Hawaii, due to the high average cost of electricity. Installing solar panels for a home provides an estimated 15.6% return on investment.

<span class="mw-page-title-main">Solar power in Michigan</span> Overview of solar power in the U.S. state of Michigan

Solar power in Michigan has been growing in recent years due to new technological improvements, falling solar prices and a variety of regulatory actions and financial incentives. The largest solar farm in Michigan is Assembly Solar, completed in 2022, which has 347 MW of capacity. Small-scale solar provided 50% of Michigan solar electricity as recently as 2020 but multiple solar farms in the 100 MW to 200 MW range are proposed to be completed by the middle of the decade. Although among the lowest U.S. states for solar irradiance, Michigan mostly lies farther south than Germany where solar power is heavily deployed. Michigan is expected to use 120 TWh per year in 2030. To reach a 100% solar electrical grid would require 2.4% of Michigan's land area to host 108 GW of installed capacity.

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<span class="mw-page-title-main">Solar power in Maryland</span> Overview of solar power in the U.S. state of Maryland

Solar power in Maryland is supported by the state's legislation regarding the Renewable Portfolio Standard and Solar Renewable Energy Credit (SREC) program. The target for renewable energy as of 2017 is 20% by 2020, including 2% from solar power.

<span class="mw-page-title-main">Solar power in Denmark</span>

Solar power in Denmark amounts to 3,490 MW of grid-connected PV capacity at the end of September 2023, and contributes to a goal to use 100% renewable energy by 2050 and 100% renewable electricity by 2030. Solar power met 6.1% of Danish electricity demand in 2022, the highest share in the Nordic countries.

References

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