What are the most valued startups in the power grid market?

Last updated: 13 July 2026

market research pitch 2026

In our updated market reports, you will find everything you need

The power grid market includes software, sensors, power electronics, digital infrastructure and flexibility platforms that help utilities expand and operate electricity networks.

This ranking compares leading power grid startups using their latest reported or estimated valuations.

We update this list every month as companies raise capital, complete acquisitions, disclose financial information or reach new valuation milestones.

A quick summary table

Metric Value
Most valuable power grid startup Kraken Technologies, $8.7B
Second most valuable power grid startup Uplight, $1.4B–$1.9B
Median power grid startup valuation Approximately $85M
Share of power grid valuation captured by the top 10 Approximately 61%
Top power grid startup valuation vs. median Approximately 102 times
Median valuation-to-capital-raised ratio Approximately 3.4 times
Power grid startups valued at $1B+ 3

Top startups in the power grid market ranked by valuation

Here is an updated table that ranks the top startups in the power grid market based on their latest reported or estimated valuations.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Kraken Technologies Utility operating system software $8.7B Full Confidence Announced Private Round Valuation Observed $1.0B Strong Confidence
2 Uplight Customer grid flexibility platform $1.4B–$1.9B Partial Confidence Comparables-Based Estimate Estimated $255M Partial Confidence
3 Heron Power Solid-state grid transformers $1.0B–$1.5B Strong Confidence Implied Valuation from Raise Implied $183M Strong Confidence
4 Gridspertise Digital grid hardware and software $750M–$1.1B Partial Confidence Acquisition Value Estimated Not provided Low Confidence
5 Utilidata Embedded grid AI compute $600M–$1.0B Partial Confidence Implied Valuation from Raise Implied $156M Strong Confidence
6 Voltalis Residential demand-response aggregation platform $600M–$900M Partial Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
7 Neara Infrastructure digital twin software $730M Full Confidence Announced Private Round Valuation Observed $129M Strong Confidence
8 VEIR Superconducting power delivery $500M–$800M Partial Confidence Implied Valuation from Raise Implied $110M Full Confidence
9 EnergyHub Grid-edge DERMS platform $450M–$800M Low Confidence Proxy-Based Estimate Estimated $16M Partial Confidence
10 Smart Wires Grid power-flow controllers $430M–$700M Partial Confidence Implied Valuation from Raise Implied $342M Partial Confidence
11 Amperesand Solid-state transformers $450M–$650M Strong Confidence Implied Valuation from Raise Implied $92M Full Confidence
12 Gridware Continuous grid monitoring sensors $430M–$620M Strong Confidence Implied Valuation from Raise Implied $97M Full Confidence
13 TS Conductor Advanced transmission conductors $400M–$650M Partial Confidence Implied Valuation from Raise Implied $85M Full Confidence
14 Kaluza Utility retail operating platform $450M–$550M Strong Confidence Announced Private Round Valuation Observed Not provided Low Confidence
15 DG Matrix Solid-state power routing systems $350M–$500M Strong Confidence Implied Valuation from Raise Implied $80M Full Confidence
16 GridBeyond AI demand flexibility platform $350M–$600M Partial Confidence Implied Valuation from Raise Implied $72M Strong Confidence
17 Voltus Distributed energy resource platform $300M–$400M Partial Confidence Revenue or ARR Multiple Estimate Estimated $66M Full Confidence
18 AutoGrid Virtual power plant software $250M–$450M Low Confidence Acquisition Value Estimated $160M Partial Confidence
19 Urbint AI utility risk mitigation software $325M Full Confidence Acquisition Value Observed $144M Partial Confidence
20 Trilliant Smart grid communications platform $270M–$380M Partial Confidence Revenue or ARR Multiple Estimate Estimated $171M Partial Confidence
21 IntelliSmart Infrastructure Large-scale smart metering infrastructure $320M Full Confidence Acquisition Value Observed Not provided Low Confidence
22 LineVision Dynamic line rating sensors $220M–$380M Partial Confidence Implied Valuation from Raise Implied $48M Strong Confidence
23 ConnectDER Meter-collar DER interconnection $250M–$350M Partial Confidence Implied Valuation from Raise Implied $70M Full Confidence
24 LiveEO Satellite infrastructure monitoring software $200M–$300M Strong Confidence Implied Valuation from Raise Implied $79M Strong Confidence
25 WeaveGrid EV-grid integration software $220M–$320M Partial Confidence Implied Valuation from Raise Implied $78M Full Confidence
26 eSmart Systems AI grid inspection software $190M–$280M Partial Confidence Implied Valuation from Raise Implied $136M Partial Confidence
27 IND Technology Early electrical fault detection $180M–$280M Strong Confidence Implied Valuation from Raise Implied $33M Strong Confidence
28 mPrest Critical infrastructure control software $200M–$240M Partial Confidence Active Raise Valuation Observed $30M Full Confidence
29 Tantalus Systems Utility grid communications software $216M Full Confidence Public Market Cap Observed $78M Partial Confidence
30 The Mobility House Smart charging and battery trading $170M–$260M Partial Confidence Revenue or ARR Multiple Estimate Estimated $50M Partial Confidence
31 Sympower Industrial energy flexibility platform $170M–$240M Strong Confidence Implied Valuation from Raise Implied $81M Strong Confidence
32 ThinkLabs AI AI grid intelligence software $150M–$230M Strong Confidence Implied Valuation from Raise Implied $33M Full Confidence
33 Bidgely Utility customer energy analytics $150M–$230M Low Confidence Comparables-Based Estimate Estimated $88M Strong Confidence
34 ev.energy Managed electric-vehicle charging software $140M–$220M Partial Confidence Comparables-Based Estimate Estimated $46M Strong Confidence
35 Origami Energy Distributed energy trading software $140M–$210M Partial Confidence Comparables-Based Estimate Estimated $82M Strong Confidence
36 Nuvve Vehicle-to-grid charging platform $163M Full Confidence Public Market Cap Observed $77M Partial Confidence
37 Next Kraftwerke Virtual power plant operator $130M–$200M Low Confidence Acquisition Value Estimated $22M Partial Confidence
38 Leap Grid flexibility market access $130M–$200M Partial Confidence Comparables-Based Estimate Estimated $58M Partial Confidence
39 OhmConnect Residential energy flexibility platform $100M–$180M Low Confidence Proxy-Based Estimate Estimated $90M Partial Confidence
40 tiko Energy Solutions Residential virtual power plant software $100M–$160M Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
41 envelio Distribution grid digital twin $75M–$120M Low Confidence Acquisition Value Estimated $8M Full Confidence
42 GridUnity Grid interconnection workflow automation $80M–$140M Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
43 Reactive Technologies Grid stability measurement software $80M–$105M Strong Confidence Comparables-Based Estimate Estimated $95M Partial Confidence
44 Amperon AI electricity forecasting $85M–$105M Strong Confidence Comparables-Based Estimate Estimated $30M Strong Confidence
45 AssetCool Power-line capacity enhancement coatings $70M–$100M Strong Confidence Implied Valuation from Raise Implied $17M Full Confidence
46 Virtual Peaker Virtual power plant software $60M–$90M Partial Confidence Implied Valuation from Raise Implied $20M Partial Confidence
47 Splight AI grid capacity optimization $55M–$75M Strong Confidence Announced Private Round Valuation Estimated $24M Strong Confidence
48 Heimdall Power Dynamic line rating sensors $50M–$80M Partial Confidence Revenue or ARR Multiple Estimate Estimated $29M Partial Confidence
49 Sentient Energy Distribution-grid sensors and analytics $60M–$100M Low Confidence Comparables-Based Estimate Estimated $23M Full Confidence
50 Evergen Battery orchestration software $55M–$85M Partial Confidence Comparables-Based Estimate Estimated $17M Strong Confidence
51 Smarter Grid Solutions Distributed energy management software $55M–$90M Low Confidence Acquisition Value Estimated $5M Strong Confidence
52 Opus One Solutions DERMS and transactive energy $68M Strong Confidence Acquisition Value Observed $1M Low Confidence
53 Ampacimon Dynamic line rating sensors $40M–$70M Partial Confidence Implied Valuation from Raise Implied $15M Strong Confidence
54 PXiSE Energy Solutions Real-time grid control software $35M–$70M Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
55 GridBright Grid modernization technology services $40M–$75M Low Confidence Acquisition Value Estimated Not provided Low Confidence
56 SparkMeter Smart metering for utilities $35M–$65M Low Confidence Proxy-Based Estimate Estimated $29M Partial Confidence
57 Moixa Smart battery management software $40M–$65M Low Confidence Acquisition Value Estimated $25M Partial Confidence
58 Synaptec Fiber-optic grid sensors $45M–$65M Partial Confidence Implied Valuation from Raise Implied $12M Strong Confidence
59 Flexitricity Flexible energy asset optimization $48M Full Confidence Acquisition Value Observed Not provided Low Confidence
60 SwitchDin Distributed energy management software $45M–$70M Partial Confidence Implied Valuation from Raise Implied $14M Full Confidence
61 Atom Power Digital circuit breakers $40M–$70M Low Confidence Acquisition Value Estimated $23M Strong Confidence
62 Innowatts Energy forecasting analytics $35M–$55M Partial Confidence Acquisition Value Estimated $24M Full Confidence
63 Kevala Grid intelligence analytics $35M–$55M Low Confidence Comparables-Based Estimate Estimated $21M Partial Confidence
64 Kiwi Power Demand-response aggregation platform $35M–$60M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
65 Limejump Virtual power plant aggregation $35M–$55M Low Confidence Acquisition Value Estimated $21M Partial Confidence
66 Piclo Energy flexibility marketplace $28M–$45M Partial Confidence Revenue or ARR Multiple Estimate Estimated $18M Partial Confidence
67 Zaphiro Technologies Grid monitoring systems $32M–$50M Partial Confidence Implied Valuation from Raise Implied $7M Partial Confidence
68 Rhizome Grid resilience planning $28M–$42M Strong Confidence Implied Valuation from Raise Implied $9M Strong Confidence
69 GreenSync Distributed energy exchange software $25M–$45M Low Confidence Acquisition Value Estimated $10M Partial Confidence
70 Copper Labs Real-time utility meter data $25M–$45M Partial Confidence Comparables-Based Estimate Estimated $11M Strong Confidence
71 BluWave-ai AI grid optimization software $28M–$45M Low Confidence Comparables-Based Estimate Estimated $9M Partial Confidence
72 Grid4C AI meter analytics $18M–$30M Low Confidence Acquisition Value Estimated $13M Full Confidence
73 Plexigrid Distribution grid management software $20M–$32M Partial Confidence Revenue or ARR Multiple Estimate Estimated $12M Partial Confidence
74 Beebop Residential grid orchestration software $23M–$35M Partial Confidence Implied Valuation from Raise Implied $6M Full Confidence
75 Blixt Solid-state grid switching $22M–$34M Partial Confidence Implied Valuation from Raise Implied $5M Strong Confidence
76 Noteworthy AI AI utility asset inspections $19M–$30M Low Confidence Comparables-Based Estimate Estimated $11M Partial Confidence
77 Gridraven AI dynamic line rating $20M–$30M Strong Confidence Implied Valuation from Raise Implied $4M Full Confidence
78 Upside Energy Distributed energy flexibility aggregation $16M–$30M Low Confidence Acquisition Value Estimated $9M Strong Confidence
79 Buzz Solutions AI grid inspections $17M–$25M Partial Confidence Revenue or ARR Multiple Estimate Estimated $8M Strong Confidence
80 Reposit Power Residential battery trading platform $15M–$30M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
81 Laki Power Transmission-line monitoring sensor stations $12M–$22M Low Confidence Implied Valuation from Raise Implied $3M Partial Confidence
82 Electron Flexibility market software $14M–$20M Partial Confidence Comparables-Based Estimate Estimated $5M Partial Confidence
83 PingThings Utility time-series analytics $10M–$20M Low Confidence Proxy-Based Estimate Estimated $4M Low Confidence
84 NewGrid Transmission congestion optimization software $3M–$7M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
85 ResilientGrid Control-room grid management software $1M–$4M Low Confidence Revenue or ARR Multiple Estimate Estimated $2M Low Confidence
86 Fermata Energy Bidirectional vehicle-to-grid platform $1M Full Confidence Acquisition Value Observed $51M Strong Confidence

Key valuation trends in the power grid market

Insights

  • Kraken Technologies is worth more than five times the estimated midpoint valuation of Uplight, showing how strongly the power grid market rewards utility operating platforms with broad commercial reach.
  • Kraken Technologies captures about 39% of the combined midpoint valuation represented in this ranking, making the power grid market unusually concentrated around one large software platform.
  • The ten most valuable power grid startups represent about 61% of total estimated market value, even though the ranking includes 86 companies across software, hardware and grid services.
  • Heron Power, Gridware, Amperesand, DG Matrix and AssetCool have raised approximately $469M while reaching nearly $2.84B in combined midpoint valuation, highlighting investor demand for technologies that remove physical grid constraints.
  • Heron Power’s estimated $1.25B midpoint is almost seven times its disclosed funding, a strong ratio for a capital-intensive company developing solid-state grid transformers.
  • Neara’s $730M observed valuation is about 5.7 times its $129M funding, showing the premium that investors attach to scalable digital twins for electricity infrastructure.
  • Gridware and Amperesand have similar midpoint valuations, roughly $525M and $550M, which suggests grid visibility and transformer capacity are viewed as equally urgent infrastructure bottlenecks.
  • Companies addressing transmission capacity, transformer shortages and fault detection often achieve stronger valuation-to-funding ratios than mature flexibility platforms, suggesting investors currently prioritize reliability and physical grid expansion.
  • Gridraven has an estimated valuation-to-funding ratio of about 6.3 times, one of the strongest early-stage ratios in the ranking, despite raising only $4M.
  • The median power grid startup is valued at approximately $85M, while Kraken Technologies is valued at about 102 times that amount, illustrating the wide gap between established platforms and emerging specialists.

A few word about our methodology

As you can see, we built a database that ranks startups in the power grid market based on their current valuation.

Estimating power grid startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed power grid companies, or official acquisition prices.

When a power grid company is publicly listed, we use its current market capitalization as the reference valuation.

If a power grid startup was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, utility customers, deployed assets or contracted grid capacity, combined with valuation multiples from comparable companies.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, utility partnerships, commercial deployments or product traction.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each power grid startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Related blog posts

- What are the fundraising trends in the power grid market?

- Which startups have raised the most funding in the power grid market?

- How strong is fundraising in the power grid market right now?

- A complete list of funding deals in the power grid market

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