From advanced metering infrastructure to energy storage systems, these startups are building solutions for a cleaner, more efficient power grid.
Recent major blackouts have shown that traditional electrical grids are not able to handle the increasing demand for electricity or respond quickly enough when outages occur.
Smart grids, which rely on new technologies like smart meters and distributed energy resources to optimize energy flows and utility operations, are designed to be more resilient, efficient, and secure than traditional electrical grids. They allow utilities to better monitor and manage electricity flows, detect outages, and respond to restore power.
They are also a key part of transitioning toward a low-carbon economy, helping move away from fossil fuels while still providing reliable electricity services to households and businesses around the world.
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In response, utility companies are investing in smart grid technology, with funding to grid and utility tech companies increasing almost 5x from 2020 to 2022 to reach $8.7B. Companies like Duke Energy are also partnering with big tech players like Amazon’s AWS to build out new smart grid solutions.
As the industry around smart grid tech continues to evolve, early-stage software and hardware startups are seeking to take advantage. We used the CB Insights database to identify 70+ early-stage companies developing technology for the smart grid.
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