OhmConnect

OhmConnect is an energy technology company based in California, founded in 2013 and headquartered in Oakland. The company specializes in demand response solutions and residential energy management, employing between 41 to 60 people. It has successfully raised $28.5 million in funding from notable investors such as Floodgate, 500 Startups, and Sidewalk Infrastructure Partners. The company offers a demand response platform that alerts users about peak electricity demand periods, incentivizing them to reduce usage during these times. OhmConnect also operates a virtual power plant that aggregates homes to enhance grid resilience, capable of reducing demand by over 550 megawatts. Additionally, OhmConnect Energy provides a Texas-specific electricity retail service, offering fixed-rate plans with cash rewards for reducing usage during high-demand periods. The company primarily serves residential users in California and Texas, focusing on consumers who are environmentally conscious and interested in cost savings.