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Swell Energy logo — Creating a greater grid for the greater good.

Swell Energy

Creating a greater grid for the greater good.

Founded 2014 United States Santa Monica, United States 114 employees Series B Total: $582.00M Energy, Renewable Energy +1

General Information

Company Name Swell Energy
Founded Year 2014
Location United States Santa Monica, United States
Employees 114
Industries Energy, Renewable Energy, Semiconductor
Funding Stage Series B
Business Model Platform, B2B, SaaS
Revenue Model Product Sales, Performance Based, Service Fee
Social

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About Swell Energy

Swell Energy, founded in 2014 and headquartered in the United States, is a forward-thinking player in the Energy, Renewable Energy, and Semiconductor industries. With the slogan "Creating a greater grid for the greater good," the company is dedicated to accelerating the adoption of distributed clean energy technologies.

Swell Energy empowers consumers to control their energy usage and costs, offering energy security while fostering participation in the transactive grid. Homeowners and businesses benefit from the company's financing solutions and virtual power plant programs, which are seamlessly integrated with installations from trusted solar partners.

The company's vision extends to creating a critical mass of clean energy resources within utility service areas, thereby providing resilient virtual power plant networks and essential grid-balancing services.

In their most recent financial round, Swell Energy attracted a substantial $120 million Series B investment on November 22, 2022, backed by notable investors such as Ares Management, SoftBank Vision Fund, Greenbacker Group, and Ontario Power Generation.

Business keywords: clean energy, smart grid solutions, distributed energy, virtual power plant, grid-balancing services, energy management, residential energy, commercial energy, solar + storage, grid revenue, energy security, financing, utility service, home energy

Services & Products

Energy Backup Systems
Energy Storage Solutions
Self-Powered Home Systems
Energy Optimization and Monitoring
Virtual Power Plant Development
Software Platform for Energy Management

Target Customers

Homeowners Businesses Utility Providers Energy Cooperatives Community Choice Aggregators

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $120.00M 4
SoftBank, Ares Management +2
01 Nov 2022
Debt Financing Undisclosed 1
For Good Ventures
01 Mar 2021
Growth Equity VC $450.00M 2
Aligned Climate Capital, Ares Management
01 Dec 2020
Series A $12.00M 2
Aligned Climate Capital, Ares Management
01 Nov 2019
Convertible Note Undisclosed 2
Third Sphere, Zak Tanjeloff
01 Nov 2017

Swell Energy Alternatives & Competitors

View All Alternatives
Swell Energy vs
Elevation
Elevation United States

More Power to You.

Convertible Note
220 employees
Energy, Renewable Energy
Swell Energy vs

Empowering a smarter, cleaner, more sustainable energy future with innovative smart grid solutions f...

Private Equity
Energy, Renewable Energy
Swell Energy vs
Aspen Power
Aspen Power United States

Accelerating the development of distributed clean energy for all.

99 employees
Energy, Renewable Energy

FAQ About Swell Energy

Creating a greater grid for the greater good.
Swell Energy was founded in 2014.
Swell Energy is headquartered in Santa Monica, United States.
Swell Energy operates in Energy, Renewable Energy and Semiconductor. Its work centres on clean energy, smart grid solutions, distributed energy and virtual power plant. Its customers include Homeowners, Businesses and Utility Providers.
Swell Energy has a Platform, B2B and SaaS business model. Its revenue comes from Product Sales, Performance Based and Service Fee.
Swell Energy has approximately 114 employees.
Swell Energy has completed 5 funding rounds, raising a total of $582.00M. The latest funding stage is Series B.
Swell Energy offers: Energy Backup Systems, Energy Storage Solutions, Self-Powered Home Systems, Energy Optimization and Monitoring, Virtual Power Plant Development, Software Platform for Energy Management.
Top alternatives and competitors to Swell Energy include Elevation, Ice Energy, Aspen Power, Huayu New Energy, Shifted Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Swell Energy and Elevation are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Swell Energy, https://bouncewatch.com/company/swell-energy, updated 10 August 2026. When citing, please name BounceWatch and link this page.

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