UtilityAPI
The solar industry needs instant meter data and we provide it.
We have developed a universal API for electricity which will accelerate the
transformation of the energy industry as we know it.
Our solution solves a pain point for an entire industry growing 40% year over year.
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The problemThere is no software today to gather, clean and import the data in
order to go solar - it is still done via pad & paper.
An industry held back by data issues:
$ % 3-way phone call with the
utilityCustomer reads
data from billSalesperson types in data from pdf bill
Wait three weeks for an authorization
form to be processed
Collecting utility data is messy and can take up to three weeks to download and clean.
& '
( Yes, that’s a fax
machine
…into an elegant solution
Our unique API adapters allow solar companies
instantly access the data they need.
Similar models to Twilio and mint.com
A simple process
$ )Pdf bills and bill data in easy-to-use csv form,
including TOU and demand charges.
Business model
Historical Collection Ongoing Monitoring$10/meter $1 meter/month
+7 more by the end of 2015
Use cases
How many solar panels are needed
on a home?
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"
How much did someone save
by going solar?
*What’s the payback of commercial
energy efficient upgrades?
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Initial addressable market
Market forecasts for 2022
Initial addressable market: Solar Customer Acquisition Costs (CAC)
10% of solar market costs*
$625 Billion in residential generation and storage**
$30 Billion in storage by 2022.**
$960 Billion in energy efficiency retrofits**
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#
+
Adjacent markets: $1.5 Trillion
*Frost and Sullivan, Solar Energy Industry Association**Navigant research
2013 $6B
2020$13.7B
Accelerating traction…
Registrations are the number of people who have created an account with UtilityAPI
Accounts are the number of utility accounts which have been added to UtilityAPI
Meters are the number of meters we have collected data for. Commercial accounts have multiple services/meters.
We charge on a per-meter basis.
Testimonials and validationSome of the biggest names in solar have validated us by
working with us
We are leaders in the cleantech community, including press in Greentech Media.
Our customer pipeline is detailed in our financial model.
Team
DANIEL ROESLER – CO-FOUNDER & CTOBuilt software platform for 1.2M users at Fitocracy 500 startups alumnus, Cleanweb SF organizer UT Austin, Chemical Engineering Commercial solar project developer engineer Sailor, homebrewer, Eagle Scout
ELENA LUCAS – CO-FOUNDER & CEOFP&A for $200M budget at PG&E UC San Diego: Master’s of International Economics, focus on econometrics, energy policy Women in Cleantech and Sustainability board member Ice skater, artist, Girl Scout Gold Awardee
Founded in 2014
KEITH PHILPOTT – VP ENGINEERINGWeb developer with a decade of professional experience. Projects: music organizations (eamdc.com), food startups (Feastly), to his own ideas (loiter.co), and many others. He is a recent Bay Area transplant from Michigan via New York and a compulsive purchaser of cookbooks.
Advisors
DANNY KENNEDY
Founder of Sungevity, Co-founder of SfunCube
HEIDI LUBIN
Cleantech entrepreneur with a successful exit
EMILY KIRSCH
Co-founder of SfunCube, solar industry leader
WE HAVE CONSULTED WITH: Arno Harris, CEO & Chairman of Recurrent Energy, Board Chair of Solar Energy Industries Association (SEIA)
Jigar Shah, clean energy entrepreneur, Founder, Generate Capital Simon Parmett, SVP Global Field Operations at Mulesoft
RICK MOSS
Managing Director and Founder at Better Ventures
WES SELKE
Managing Director and Founder at Better Ventures
JON WELLINGHOFF
Former FERC Chairman