Search company, investor...

GroundedPower

groundedpower.com

Stage

Acquired | Acquired

Total Raised

$920K

About GroundedPower

GroundedPower is the creator of the Interactive Customer Engagement System (iCES) that combines real-time energy monitoring with an integrated suite of consumer engagement and behavior change tools to facilitate an intuitive and interactive world of energy efficiency.

Headquarters Location

2276 Washington Street Newton Lower Fls

Newton Lower Falls, Massachusetts, 02462,

United States

(617) 454-0170

Missing: GroundedPower's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: GroundedPower's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing GroundedPower

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

GroundedPower is included in 2 Expert Collections, including Smart Home & Consumer Electronics.

S

Smart Home & Consumer Electronics

1,233 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

S

Smart Cities

1,289 items

Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.

Latest GroundedPower News

Tendril Acquires GroundedPower, Raises $23M : Greentech Media

Jan 11, 2013

Tendril Acquires GroundedPower, Raises $23M OPower faces competition as more companies begin to focus on consumer behavior. October 19, 2010 Tendril , a well-known energy management startup, has just acquired a relatively obscure Massachusetts-based company, GroundedPower. The purchase brings GroundedPower’s behavioral analytics in its Interactive Customer Engagement System into Tendril’s energy efficiency programs. If behavior analytics sounds familiar, it’s because they are. OPower leads the pack in this field and has been scooping up contracts, but competition is heating up. Besides Tendril, Silver Spring has also developed its CustomerIQ Web Portal . Tendril already has a strong foothold with utilities, locking down 38 contracts in 2010 alone. With this recent acquisition and a series D round of funding, the company is ready to take its product to the big time. For companies focusing on behavior, it’s not just about the iPhone app (although there’s that, too). Instead, information is delivered through traditional mailings as well as through web portals. The savings aren’t that exciting (or rather, they are more exciting for utilities than consumers), usually up to 10 percent, but the rate of participation and retention are very high. Adrian Tuck, CEO of Tendril, is honest about the fact that his company, and just about everyone else, was wrong when it came to knowing what makes customers tick. “We fell into the same trap as everyone,” he said. “Consumers don’t have information; let’s give them information. But people haven’t reacted to data the way we all thought they would. Getting to the ‘So what?’ is the next critical step.” That critical step is integrating GroundedPower’s iCES with Tendril’s offerings. GroundedPower cut its teeth on anti-smoking campaigns with some success. If you can get people off of nicotine, surely you can get them to shave a few kilowatt-hours. Tendril also announced that it has closed a $23 million round of series D funding, bringing its total to $73 million. The new platform will be launched at DistribuTECH in 2011. It will be used to help utilities to offer demand response programs and monitor loads while allowing consumers to control smart devices and monitor their home energy use. While OPower has innovated this path in the busy world of residential energy management, it is certainly no longer alone. Offering comparative information between neighbors is becoming practically necessary in any home EMS. Tendril argues that its savings will be higher than OPower’s, closer to 10 percent than 4 percent, and higher if consumers opt into smart thermostats or demand response programs. And as for those thermostats, customers aren’t the same and Tuck argues that utilities should stop just throwing stuff at people to make them care about energy use. “We recommend utilities stop giving people things and imagining that they want them,” he said. “Instead, give them information and then let them opt into things.” Besides the dozens of utilities that Tendril is working with, it also has an eye on big-box stores as the market matures in coming years. The recent funding will also allow the Boulder, Co.-based company to look beyond North America into Asia, Europe and Australia in 2011. As for Tuck’s prediction about where the market is headed in North America, look to Texas. “It will be the first North American market where [home energy management systems] are happening at scale.” Expect to see Tendril there.

GroundedPower Frequently Asked Questions (FAQ)

  • Where is GroundedPower's headquarters?

    GroundedPower's headquarters is located at 2276 Washington Street, Newton Lower Falls.

  • What is GroundedPower's latest funding round?

    GroundedPower's latest funding round is Acquired.

  • How much did GroundedPower raise?

    GroundedPower raised a total of $920K.

  • Who are the investors of GroundedPower?

    Investors of GroundedPower include Tendril.

  • Who are GroundedPower's competitors?

    Competitors of GroundedPower include PowerHouse Dynamics, Lucid Design Group, Energate, Viridity Energy, Sensus Metering Systems and 12 more.

Compare GroundedPower to Competitors

Optimum Energy Logo
Optimum Energy

Optimum Energy is a provider of enterprise optimization solutions. Companies depend on Optimum Energy's track record of fulfilling and exceeding corporate sustainability objectives. As a provider that delivers True Optimization, Optimum Energy reduces operational expenses by as much as 50%. Optimum achieves this by reducing energy and maintenance costs, while increasing the productivity of corporate facility support personnel. Optimum's solutions enable Real-Time Dynamic Commissioning, which fights performance drift and enables automated, continuous commissioning through dynamic adaptation of the entire cooling system.

A
Ambature

Ambature aims to create greater energy efficiency and to this end, Ambature designs and aims to develop materials that will improve the efficiency of power distribution while reducing electricity consumption. Applications of this technology range from household appliances to electric motors.

E
EcoDog

EcoDog, Inc. offers energy consumption tools with the aim of helping to reduce homeowners' expenses and lowering demand for electricity.

z
zeeWaves

zeeWaves is an Automated Meter Infrastructure (AMI) products and services company. The company's products help to conserve vital resources such as energy and water, reduce waste and provide real time information on delivery and consumption to the electricity, gas and water utilities. The company's products are based on zeeWAVES advanced radio and antenna technologies which are protected by US patents. The company's competitive advantages are faster ROI and persistent 2 Way Communication between Command and control and remote meters. zeeWAVES products are used in other applications such as remote oil fields and pipeline sensing, borders and perimeters security, various CPE devices, RFIDs, Wireless Networks and wireless backhaul systems.

H
HID Laboratories

HID Laboratories is headquartered in Menlo Park, California, with research and development in Oak Ridge, Tennessee. HID Labs aims to develop intelligent, commercial-grade, high intensity lighting solutions that aim to provide a smart platform to dynamically manage lighting demand, and reduce energy use. HID Labs is an energy efficiency player in the Clean Technology (CleanTech) movement.

Core4 Systems Logo
Core4 Systems

Core4 Systems is developing a system to more efficiently cool data centers. Core4's promised energy savings comes from reduced compression, achieved in a number of ways. Instead of filtering external air, Core4 claims to use only internal air ¢‚¬" in a method called refrigerant-side economizing ¢‚¬" which attempts to mitigate the filtering costs while cutting compressor energy consumption.Per the company, Core4 also uses outside wet-bulb temperatures ¢‚¬" the temperature at which water begins to evaporate outside ¢‚¬" rather than the higher dry bulb temperature, which aims to allow its gear to continue economizing even on extremely hot, humid days when airside systems can't. Refrigerant-side economizing also cuts down on server and hard drive failures, which contribute to the volume of e-waste shipped to overseas landfills.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.