ENBALA Power Networks company logo

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enbala.com

Founded Year

2003

Stage

Acquired | Acquired

Total Raised

$52.36M

About ENBALA Power Networks

ENBALA Power Networks operates a Smart Grid platform that creates a network of users of electricity and harvests inherent flexibility in the way the equipment is operated to supply system quality services to the electricity system operator. The ENBALA Power Network manages the way electrical equipment uses power.On October 5, 2020 ENBALA Power Networks was acquired by Generac Holdings. The terms of the transaction were not disclosed.

ENBALA Power Networks Headquarter Location

930 West 1st Street #211

North Vancouver, British Columbia, V7P 3N4,

Canada

604-929-6016

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Expert Collections containing ENBALA Power Networks

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ENBALA Power Networks is included in 2 Expert Collections, including Smart Cities.

S

Smart Cities

2,801 items

G

Grid and Utility

318 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids.

ENBALA Power Networks Patents

ENBALA Power Networks has filed 7 patents.

The 3 most popular patent topics include:

  • Electric power distribution
  • Electrical engineering
  • Electric power conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/5/2018

12/28/2021

Electrical engineering, Photovoltaics, Electric power distribution, Mathematical optimization, Electric power conversion

Grant

Application Date

6/5/2018

Grant Date

12/28/2021

Title

Related Topics

Electrical engineering, Photovoltaics, Electric power distribution, Mathematical optimization, Electric power conversion

Status

Grant

Latest ENBALA Power Networks News

Generac acquires smart themostat maker ecobee

Nov 2, 2021

Ecobee broke with Amazon over customer privacy. Now it’s found a home in Generac’s growing clean home energy ecosystem. 1 November 2021 Ecobee’s smart thermostat business will now be part of Generac’s home energy product suite. (ecobee) Link copied to clipboard Generac , the venerable manufacturer of backup generators, has lately been going big into clean energy and digital home energy controls. On Monday it secured another piece of the home energy puzzle, announcing it will acquire smart thermostat vendor ecobee for up to $770 million. Get Caught Up Subscribe to receive Canary's latest news The deal calls for Generac to pay $200 million in cash and $450 million in stock to ecobee’s shareholders, along with an additional $120 million in stock if undisclosed performance targets are reached by the end of June 2023. Ecobee is a third-place rival to Google Nest and Honeywell in the U.S. smart thermostat market, and it has raised about $150 million from investors including the utility-backed investment firm Energy Impact Partners and Amazon’s Alexa Fund. The Toronto-based startup was also until recently the thermostat partner of choice for Amazon’s Alexa home automation product line. But in September, Amazon launched its own smart thermostat, designed in partnership with Honeywell Home thermostat maker Resideo, at a  much lower price than the ecobee or Nest smart thermostats. This shift by Amazon came after The Wall Street Journal reported in April that ecobee had refused to collect data on its customers and turn it over to Amazon, a decision that led to Amazon threatening to retaliate by making it harder to buy ecobee products on its online retail platform. Get Caught Up 7 October 2021 After news of the ecobee acquisition came out, Generac CEO Aaron Jagdfeld told the Toronto Globe & Mail that Generac would also resist pressure to collect data on its customers. ​“I see us doing something different, going after the home energy ecosystem,” he told the newspaper. Generac has been embracing cleantech Generac, based in Waukesha, Wisconsin, is the U.S. market leader in natural-gas-fired generators for homes and businesses. But over the past few years, it has been making big investments in sectors such as solar-powered batteries, home energy controls and software to aggregate and control these behind-the-meter resources. Its 2019 acquisition of Pika Energy, a Massachusetts-based battery startup, provided the technology for Generac’s PWRCell batteries . Now Generac is competing against companies including Tesla , LG Chem, sonnen, Sunrun, Sunnova, Enphase, SolarEdge and others to provide batteries for stand-alone or solar-linked home energy backup. Generac has also integrated the home energy management software platform of Vancouver, Canada-based startup Neurio , which it bought in 2019. Last year it acquired Enbala Power Networks , another Vancouver-based startup with software that’s aggregating about 600 megawatts of distributed energy resources and providing grid services in the U.S., Canada and Australia. In September, Generac launched a  grid services group built on its Enbala acquisition, aiming to aggregate its generators, batteries and home energy controls as virtual power plants for utilities, grid operators and energy markets. “Utilities trying to keep their supply and demand in balance need additional tools to do that, as they bring more renewables on board, and as demand increases, and as we electrify vehicles and heating and cooking…in the home,” Jagdfeld told Canary Media in a September interview. ​“We’ve got a pretty exciting roadmap of additional products we intend to bring to the market in the next 12 to 24 months.”  In the past two months, Generac has acquired U.K.-based mobile battery vendor Off Grid Energy and Apricity , a Bend, Oregon-based maker of devices including a water heater disconnect switch used in utility demand response and energy conservation programs.

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