Swell Energy News and Media Resources
A home energy management and smart grid solutions provider, Swell Energy is accelerating the mass-adoption of residential clean energy technologies by making it easy for consumers to take control of their home energy use, achieve energy security, and generate revenue.
Swell Energy provides homeowners with financing and educational resources and partners with trusted local solar + storage companies for seamless, high-quality product installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy is also delivering resilient virtual power plant (VPP) networks and grid-balancing services to utilities, which are fundamental to our future carbon-free distributed energy system.
The concept goes by various names — virtual power plants, flexible loads, behind-the-meter networks — and encompasses tools like rooftop solar, batteries, smart thermostats, smart appliances and electric vehicle chargers. Though small individually, distributed energy resources are projected to grow to 387 gigawatts in the next five years. Swell Energy makes Green Tech Media's top ten list for major VPP advancements in 2020.
Aggregating distributed energy resources through virtual power plants has customers, utilities and financiers all ready to buy in. FERC Order 2222 further enables distributed energy resources, like solar and energy storage, to participate in energy markets across the country. Swell Energy is poised to leverage increased adoption of advanced energy technologies within an improved regulatory environment.
Swell Energy raises significant capital to finance the construction of four virtual power plants in three states across the US, representing a massive amount of energy storage capacity paired with renewable solar power generation.
The Swell, Ares & Aligned partnership will help bring clean and resilient energy resources to homes and businesses while integrating them with larger energy programs to benefit the greater utility grid. During peak energy usage hours, the local batteries activate and reduce demand on the central grid. Such pay for performance programs are increasing in availability and profitability for homeowners and business owners alike.
Swell Energy, in partnership with Ares Management and Aligned Climate Capital, to finance up to 200 MWh of utility-backed distributed energy storage capacity