Software that serves the physical environment is usually highly customized. For every $1 of software sold, there is anywhere from $1 to $10 of accompanying implementation and professional services revenue. Just how much money gets spent in customization? The average utility has an asset management platform contract that costs $20 million + per year. These …
Yesterday I mentioned how there is an increasingly special group of software companies laying the digital groundwork for the OT market. With each Energize investment we do our best to put together a framework on market size and near-term opportunity for our prospective investments. Looking back at our Fund 1 portfolio companies there are now …
Over the past few months I have seen a few software companies serving the energy and industrial verticals with this head-turning profile: + $5-10M of revenue + >200% YoY revenue growth + Profitable + Sizable cash balance My first thought when seeing these companies? Wow, this scale of efficient growth wasn’t happening before. My second …
Over the weekend I asked Twitter if I should cover Joe Biden’s Climate Plan by writing a blog post, tweeting a Tweetstorm, or hosting a ZOOM call. As you’d expect, Twitter followers wanted a Tweetstorm! As you will see, I also tried to have some fun by including relevant Clark Griswold memes. 🤓👍😜 Without further …
In start-ups there is a common phrase: “being early is the same as being wrong“ That statement is wrong. Here is a correct version of that phrase: “Being early and spending like you are on-time is the same as being wrong” From an entrepreneur’s perspective: if you are passionate about a space and you want …
First thing’s first: it is pretty rare for an energy transition M&A event to be on CNBC or Mad Money- but this deal did make primetime TV and the segment can be found here) Strategic Rationale: Why Generac is now in the software business Every Wednesday at 10am my house’s Generac generator roars to life …
Today, Energize Ventures announced our latest investment. The company is Matroid, the category leader in computer vision software. Matroid plans to leverage the new funding to accelerate product development and go-to-market expansion in manufacturing, industrial IOT (IIOT), and video security markets. The Energize Ventures “Why We Invested” post can be found here. And is also …
My former company, Choose Energy, has a list of electric rates by state. As you can see, the average US home consumes 897 kWh per month. And the average electricity rate in the US is 13.26 cents per kWh. This means the average US household pays a $119 monthly utility bill. This fact won’t surprise …
Here is an incredible story about resilience and perseverance in the renewables space: A 30 year old hardware company previously overlooked and dismissed as selling a niche solar product is now growing >100% year over year with re-accelerating topline growth. The company went from $500M last year through the $1BN revenue mark in 2020… all …
A well-known banker in the space reached out after seeing a few of the Energy Transition M&A posts. We talked about the current market trends as well as likely / active engagements. Here are a few key notes from that call: 1-Potential Acquiror Market has broadened: In a recent M&A process there were >25 management …