Smart Grid

In this Research Note, we examine Budderfly, the US Energy Efficiency-as-a-Service (EEaaS) company focused on Small and Medium-sized Enterprises (SMEs) and franchise businesses. This analysis covers their business model, funding, majority ownership, acquisitions, partnerships, and growth since our coverage of the company in January 2024. Budderfly Profile Founded in 2007 and headquartered in Shelton, Connecticut, […]

This Research Note examines the US Initial Public Offering (IPO) filed by ERock on 15th May 2026. Formerly known as Enchanted Rock, the Texas-based provider delivers onsite utility-grade power and microgrid solutions for commercial and industrial businesses, while supporting long-term grid development. ERock Profile Founded as Enchanted Rock in 2006, ERock is a vertically integrated […]

This Research Note examines Stem’s energy storage and solar business, 2025 financial highlights, and their progress towards a software-centric model, based on the company’s Q4 2025 results, 4th March 2026, and their latest 10-K report. We comment on their pivot to a dual-market software strategy aimed at both commercial and industrial clients and a utility-scale […]

The meta-analysis of 30+ independent studies in our new report reveals the gap between vendor claims and verified reality, and why it matters for procurement decisions. The Realization Rate Problem The most robust dataset available comes from NYSERDA’s Real Time Energy Management (RTEM) program, the largest independently evaluated deployment of building AI performance to date. […]

This Research Note examines Elexity, the North American load flexibility software startup, exploring their energy management platform, partnerships, and disclosed funding. We conclude with a Memoori market forecast for flexible load management, based on our report on Energy Management Software for Grid-Interactive Efficient Buildings (GEB), first published in November 2024. Elexity Profile Founded in 2018 […]