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Founded Year

2019

Stage

Unattributed VC | Alive

Total Raised

$174.19M

Last Raised

$101.88M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-53 points in the past 30 days

About Uplight

Uplight is a technology company focusing on customer engagement, enrollment, and load flexibility in the energy sector. The company offers energy efficiency solutions, customer engagement strategies, rates engagement, demand management, electric vehicle solutions, and services for business customers. It serves the energy industry. It was founded in 2019 and is based in Boulder, Colorado.

Headquarters Location

2530 Junction Place Suite 200

Boulder, Colorado, 80301,

United States

720-921-210

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ESPs containing Uplight

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / ESG

The energy management & optimization market aims to reduce energy consumption and improve operational efficiency for businesses. This market encompasses a range of activities, including energy monitoring, data analytics, demand response, decarbonization, energy efficiency measures, and renewable energy integration. Energy management and optimization solutions help businesses and institutions track…

Uplight named as Challenger among 8 other companies, including Schneider Electric, Brightly, and GridPoint.

Uplight's Products & Differentiators

    Behavioral Energy Efficiency

    The landmark product for Uplight's Behavioral Energy Efficiency Program is Home Energy Reports, which provides a personalized report helping customers understand how they're using energy and how it compares to similar homes.

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Research containing Uplight

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Uplight in 2 CB Insights research briefs, most recently on Sep 12, 2023.

Expert Collections containing Uplight

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

Uplight is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,244 items

S

Smart Cities

3,442 items

G

Grid and Utility

2,755 items

Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.

E

Energy Management Software

677 items

Companies creating software to help manage, optimize, and automate energy management and optimization.

A

Advanced Manufacturing

6,658 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

Uplight Patents

Uplight has filed 9 patents.

The 3 most popular patent topics include:

  • building engineering
  • energy conservation
  • cooling technology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/3/2021

5/21/2024

Strategic management, Data management, Payment systems, Market structure, Regulatory compliance

Grant

Application Date

5/3/2021

Grant Date

5/21/2024

Title

Related Topics

Strategic management, Data management, Payment systems, Market structure, Regulatory compliance

Status

Grant

Latest Uplight News

Pioneer Community Energy Launches PowerShift Rewards Program to Incentivize Energy Conservation

Aug 20, 2024

Program Rewards Conservation During Times of High Energy Demand August 20, 2024 09:00 ET Uplight ROCKLIN, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Pioneer Community Energy (Pioneer), a locally owned not-for-profit electricity provider headquartered in Rocklin, California, announced today the launch of its PowerShift Rewards program. This program encourages residential customers to manually reduce electricity consumption during periods of high demand - when energy is most expensive - by offering incentives in the form of gift cards. PowerShift Rewards was created through a partnership with Uplight , a clean energy technology company that helps consumers and energy providers conserve, manage, and monetize energy capacity. The program is designed to educate consumers about electricity usage patterns and the benefits of reducing energy consumption during peak periods. Financial incentives will be used to encourage program participation. For example, customers who enroll in the program automatically receive a $25 MasterCard gift card. When the California Independent System Operator (CAISO) calls for conservation as a way of safeguarding grid reliability, Pioneer will incentivize energy savings by compensating customers for conserving energy. Customers will receive tailored communications before, during, and after events. Additionally, customers will have a personalized “dashboard” to track changes to their energy usage over time. At the end of each summer season, customers will receive a gift card that corresponds with their energy savings at the rate of $2 per kilowatt hour. The three-year program launches on August 20, 2024. Uplight’s turnkey capabilities enable Pioneer to begin enrollments and events in a shorter timeline with less upfront work, meaning interested customers will be able to participate right away. “Our PowerShift Rewards program will be especially important during extreme weather events like late summer heat waves,” said Pioneer’s Board Chair and Auburn City Councilmember Alice Dowdin Calvillo. “In these instances, energy demand rapidly increases and sometimes outpaces supply. Our customers can be part of the solution by helping to balance demand by reducing energy usage at peak times while also seeing cost savings. In addition, customers can see the difference they can make and earn incentives for reducing their usage.” “Pioneer’s decision to launch this program is an indicator of their commitment to delivering affordable and reliable energy, a mission Uplight shares,” said Uplight CEO Luis D’Acosta. “Our goal is to provide streamlined, simple, and enjoyable customer experiences that drive enrollments and increase the overall impact of the program.” PowerShift Rewards is offered exclusively to Pioneer’s residential customers, with the potential to expand the program to commercial customers. Since its beginning in 2018, Pioneer has saved customers more than $85 million. Additional information can be found at www.pioneercommunityenergy.org. ABOUT PIONEER COMMUNITY ENERGY With an A- issuer credit rating from S&P Global, Pioneer is a community-owned, not-for-profit electricity provider serving unincorporated Placer and El Dorado counties and the incorporated areas of Auburn, Colfax, Grass Valley, Lincoln, Loomis, Nevada City, Placerville, and Rocklin. Pioneer serves a population of nearly one million with nearly 170,000 residential and commercial meters and powers the communities it serves with competitive rates, exceptional local service, and a choice in energy options. About Uplight Uplight is a clean energy technology company creating a new source of energy by harnessing the collective power of distributed energy assets. The company’s best-in-class energy customer experiences and AI-powered flexibility management solutions help conserve, manage, and monetize energy capacity for customers, energy providers, and grid asset owners. With Uplight’s AI-driven platform, not only are grid-connected assets smarter, but power providers can build, own, and operate virtual power plants (VPPs), microgrids, and other resources to participate in scalable energy capacity markets. To learn more about how Uplight, a certified B Corporation, is working to improve grid resilience, reduce energy costs, and accelerate decarbonization, visit  https://uplight.com/ . Contacts

Uplight Frequently Asked Questions (FAQ)

  • When was Uplight founded?

    Uplight was founded in 2019.

  • Where is Uplight's headquarters?

    Uplight's headquarters is located at 2530 Junction Place, Boulder.

  • What is Uplight's latest funding round?

    Uplight's latest funding round is Unattributed VC.

  • How much did Uplight raise?

    Uplight raised a total of $174.19M.

  • Who are the investors of Uplight?

    Investors of Uplight include Top Down Ventures, Orchard Ventures, AES, Schneider Electric, Coatue and 6 more.

  • Who are Uplight's competitors?

    Competitors of Uplight include Camus Energy and 5 more.

  • What products does Uplight offer?

    Uplight's products include Behavioral Energy Efficiency and 4 more.

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