VCharge identifies large electric loads, makes them addressable via the Internet, controls them, and turns the load into a cashflow. In the process, we provide homeowners with good, clean heat, and grid operators like PJM and ISO NE with fast frequency response and other ancillary services. Our current specialty is working with Electric Thermal Storage heat, relatively uncommon in the US, but plentiful in Europe with over 15 million installed units. A "stone age" technology, ETS works by storing heat in ceramic bricks or tanks of water during off-peak hours, and the accessing the stored energy during peak hours. We save a typical homeowner 25% on the cost of heating their home. ETS is just one special example of Transactive Load that we can control. Transactive loads have some form of storage, and can communicate via our controls to provide rapid, automated demand response and other services to grid operators. Other examples of transactive loads include electric vehicles, compressed air storage, and ice air conditioning. We currently operate a 10MWh energy storage facility in Pennsylvania comprised of over 100 homes that use ETS heat. We provide price price-sensitive frequency regulation services to PJM using the asset and low-cost heat energy to homeowners. This "hidden in plain sight" grid asset represents cost effective grid-scale storage at less than $20K/MWh.
Company growth
Type
Private
HQ
Providence, US
Founded
2009
Size (employees)
15 (est)+37%
VCharge was founded in 2009 and is headquartered in Providence, US

VCharge Office Locations

VCharge has offices in Providence, Glasgow
Providence, US
Glasgow, GB

VCharge Metrics

VCharge Summary

Founding Date

2009

Total Funding

$4.42 M

Latest funding size

$1 M

Time since last funding

over 3 years

Investors

We estimate that VCharge's latest funding round in October 2013 was $1 M. In total, VCharge has raised $4.42 M
We estimate that VCharge's current employees are approximately 20% female and 80% male.

VCharge Online Presence

VCharge Company Life