VCharge

OverviewSuggest Edit

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.
TypePrivate
Founded2009
HQProvidence, US
Websitevcharge-energy.com

Locations

VCharge is headquartered in
Providence, United States

Location Map

Latest Updates

Employees (est.) (Jun 2019)86(+33%)

VCharge Office Locations

VCharge has offices in Providence and Glasgow
Providence, US (HQ)
235 Promenade St #475
Glasgow, GB
140 W George St
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VCharge Financials and Metrics

Summary Metrics

Founding Date

2009

VCharge total Funding

$4.4 m

VCharge latest funding size

$1 m

Time since last funding

6 years ago

VCharge investors

VCharge's latest funding round in October 2013 was reported to be $1 m. In total, VCharge has raised $4.4 m
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VCharge Online and Social Media Presence

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VCharge Frequently Asked Questions

  • When was VCharge founded?

    VCharge was founded in 2009.

  • How many employees does VCharge have?

    VCharge has 86 employees.

  • Who are VCharge competitors?

    Competitors of VCharge include OxyMem, Flywheel Building Intelligence and Itron.

  • Where is VCharge headquarters?

    VCharge headquarters is located at 235 Promenade St #475, Providence.

  • Where are VCharge offices?

    VCharge has offices in Providence and Glasgow.

  • How many offices does VCharge have?

    VCharge has 2 offices.