Press Room

Swell Energy News and Media Resources

Our Mission:

Create a Greater Grid for the Greater Good.

We're an energy management and smart grid solutions provider accelerating the mass adoption of clean energy technologies (solar plus energy storage batteries). We make it easy for homeowners and businesses to take control of their energy use, achieve energy security and save on costs. We provide financing and seamless, high-quality installations of solar + storage systems. To increase cost-effectiveness and accelerate program adoption, we offer customers $0 down financing options or a low, fixed monthly payment structure, securing energy bill predictability for years to come.

For media inquiries, please contact: press@swellenergy.com

Timeline

Swell Energy Inc. Acquires Renu Energy Solutions to Expand Virtual Power Plant Footprint to Key Markets

Swell Energy - Feb 2024

The acquisition accelerates the mass deployment of clean energy technologies through virtual power plant enablement and new financing opportunities available to solar companies on the east coast

The Next Power Plant Is on the Roof and in the Basement

The New Yorker - Nov 2023

A Department of Energy report promotes a new system that could remake the energy grid.

Swell Energy and Shifted Energy Establish Digital Partnership to Expand Capabilities for Virtual Power Plants

Swell Energy - Nov 2023

Swell Energy and Shifted Energy have joined forces in a strategic alliance to revolutionize Virtual Power Plants

Batteries Plus and Swell Energy Increase Access to Home Batteries and Virtual Power Plant Technology in Sacramento, California

Swell Energy - Jul 2023

Program gives local residents the opportunity to harness the power of solar energy, home batteries, and Swell grid services to benefit themselves, the community, and the grid.

Perl Street and The Energy Coalition Secure Battery Storage Incentive Financing to Enable Deployment in Low-Income Households

Swell Energy - Jul 2023

Securing an Equitable Energy Transition

Virtual Power Plants Near Prime Time

Axios Pro - Feb 2023

VPPs enable grids to draw energy from resources like solar- and battery-equipped buildings to ease load during peak demand. VPPs serve as power networks minus the large and expensive infrastructure.

SMUD and Swell Energy Partner on Virtual Power Plant That Strengthens the Grid With Renewables and Compensates Customers

Swell Energy - Dec 2022

Leading grid services developer to aggregate residential solar and battery storage and boost system reliability in the Sacramento region

As California guts solar net metering, batteries emerge as a moneymaker

Canary Media - Dec 2022

Rooftop solar alone will earn less under new California policy, but firms are developing programs to make it lucrative to add home batteries that help the grid.

Swell Energy Answers Your Solar FAQS

Sierra Club Angeles Chapter - Dec 2022

You can also check out common myths about solar that we’ve addressed with facts in this month’s Southern Sierran. Learn more about the Sierra Club Angeles and Swell Energy partnership offer of $500 cash back on the installation of solar, energy storage or both with a donation to your Sierra Club Angeles chapter of up to $750

Swell Energy Raises Additional $120M in Equity Capital

Los Angeles Business Partner - Nov 2022

Santa Monica-based Swell Energy, which is assembling networks of solar rooftop and battery customers into virtual power plants, announced last week that it had raised $120 million in equity financing, bringing its total equity capitalization to $152 million.

How Virtual Power Plants Have Gone From Geek To Must-Have Chic

Forbes - Nov 2022

The funding will support Swell’s development of 600 MWh of VPPs through the deployment and aggregation of 26,000 energy storage systems located at homes and businesses across the United States

Swell Energy’s $120M Raise Proves Renewables Is Getting More Love Than Ever

Nasdaq - Nov 2022

Solar, wind and other renewable energy startups have been slowly seeing more favor in venture funding, with startups in 2020 seeing $3.75 billion (per Crunchbase data). But 2022 has been a big year for renewable energy.

Swell Energy Raises $120 Million to Bring Total Solar and Battery Virtual Power Plants to 600 MWh

Swell Energy - Nov 2022

Financing to accelerate the company's mission to deploy 26,000 energy storage systems in homes and businesses and integrate with Swell’s 600MWh of virtual power plants across the US. Softbank Vision Fund 2 and Greenbacker Development Opportunities Fund I, LP led the round; an Ares Infrastructure Opportunities fund and Ontario Power Generation Pension Fund also participated in the raise.

Swell raises $120M for virtual power plants to link solar and batteries

Canary Media - Nov 2022

Swell Energy sees hundreds of millions of dollars of opportunity in turning solar-roofed neighborhoods like this into well-paid supporters of utility grids.

Sierra Club Angeles Chapter Partners with Swell Energy to Provide Clean Energy Incentives and Power Reliability to Members in Southern California

Swell Energy - Sep 2022

Sierra Club Angeles Chapter Partners with Swell Energy to Provide Clean Energy Incentives and Power Reliability to Members in Southern California

CIT Serves as Sole Lead Arranger of Financing for Swell Energy's Commercial Behind-The-Meter Energy Storage Projects

Swell Energy - Aug 2022

CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy's pipeline of new behind-the-meter commercial energy storage projects in California

Nuvve and Swell Energy Announce Partnership to Offer Combined Solar, Stationary Battery Storage, and Intelligent Electric Vehicle Charging Solution for Residential and Commercial Markets

Swell Energy - Mar 2022

The companies join forces to deploy and manage virtual power plants to provide benefits to residential and commercial sectors

Enphase Energy and Swell Energy Launch Partnership with Solar, Battery, and Virtual Power Plant Offerings

Swell Energy - Feb 2022

The partnership enables Enphase® Energy Systems, powered by IQ™ Microinverters and IQ™ Batteries, to participate in Swell’s distributed, virtual power plant (VPP) programs in California, New York, and Hawaii.

Swell Energy Launches Advanced Distributed Energy Resource Management System

Swell Energy - Feb 2022

The enhanced DERMS platform aggregates Distributed Energy Resources (DERs), including solar and battery storage devices, into virtual power plants (VPPs) to provide advanced grid capabilities to utilities.

Virtual Power Plants: Some Assembly Required

DISTRIBUTED ENERGY RESOURCES - Jan 2022

Where once VPPs were merely interesting niche experiments, many experts are now saying that VPPs have the potential to becoming a grid changer.