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§ Private Profile · San Francisco, CA, USA
OhmConnect is a technology company.
OhmConnect operates a platform that orchestrates and rewards residential energy reduction during periods of high grid demand. Through its proprietary system, users connect smart devices and receive notifications for "OhmHours," which are specific times when the energy grid is stressed. By collectively reducing consumption, participants act as a virtual power plant, earning Watts redeemable for cash or smart home technology. This approach optimizes grid stability by lowering peak load without requiring new generation infrastructure.
Founded in 2013 by Matt Duesterberg and Curtis Tongue, OhmConnect emerged from the insight that consumer behavior could be harnessed to stabilize the energy grid. Duesterberg and Tongue recognized that utility companies would pay to avoid firing up expensive, dirty peaker plants during demand spikes. They envisioned a system that would empower individual households to participate in energy markets, transforming passive consumers into active contributors to a more resilient and cleaner energy ecosystem.
OhmConnect's services are utilized by residential customers in areas served by participating utilities, primarily across California and Texas, who seek to lower their energy bills and earn rewards. The company's long-term vision is to become a leading clean energy provider by aggregating demand response from millions of homes. It aims to scale its model to expand into additional regions where smart meter data is accessible, furthering the transition to a more sustainable and distributed energy future.
OhmConnect has raised $207.0M across 6 funding rounds.
OhmConnect has raised $207.0M in total across 6 funding rounds.
OhmConnect has raised $207.0M in total across 6 funding rounds.
OhmConnect's investors include Jonathan Winer, ClearSky, Brian Barlow, TELUS Ventures, Brand Foundry Ventures, City Light Capital, Great Oaks Venture Capital, Looking Glass Capital, NextGen Venture Partners, Rebel Fund, Austin Ogilvie, Jennifer Anderson.
OhmConnect has raised $207.0M across 6 funding rounds. Most recently, it raised $100.0M Other Equity in December 2023.
OhmConnect is a consumer-focused energy-technology company that builds a virtual power plant (VPP) platform which pays residential and small-business customers to reduce electricity use during grid stress events, aiming to lower bills and carbon emissions while aggregating distributed demand flexibility for utilities and markets[8][6].
High-Level overview
Origin story
Core differentiators
Role in the broader tech landscape
Quick take & future outlook
Quick reiteration: OhmConnect is a consumer-centered virtual power plant company that monetizes residential demand reductions through rewards and automation, positioning itself at the intersection of smart homes and the grid’s need for flexible, low‑carbon capacity[8][6].