David Energy
David Energy is a Brooklyn-based retail electricity provider that supplies power to multi-location commercial businesses and Texas residential customers, bundling electricity supply with free plug-in batteries, automated bill auditing, thermostat management, and DER optimization software across deregulated US markets.
- Company typePrivate
- Founded2019
- HeadquartersBrooklyn, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What David Energy does
David Energy Systems, Inc. is a Brooklyn-based retail electricity provider (REP) founded in 2019 that operates as a vertically integrated energy company combining electricity supply with software-driven distributed energy resource (DER) management. Its core commercial offering, branded the Beat the Utility Plan, supplies electricity to multi-location businesses in deregulated markets (New York, New Jersey, Massachusetts, and Texas) and bundles free plug-in battery systems that charge during off-peak hours and discharge during peak demand, orchestrated remotely via WiFi-connected software. The company also layers on automated Bill Health Check auditing, Bill Monitoring for slamming-scam and rate-error detection, Auto-Reset thermostat management integrating with Honeywell, Ecobee, Sensibo, and Nest devices, and a Community Solar subscription product.
Underlying technology is a proprietary platform that connects batteries, smart thermostats, EVs, and solar assets into a distributed network that responds in real time to grid conditions and time-of-use prices, enabling demand response participation and optimization against utility demand charges. The company operates through wholly owned subsidiaries David Energy Supply, LLC, David Energy Supply (Texas) LLC, and R3 Energy Management Audit & Review, LLC, and has secured REP licenses to operate in multiple deregulated states.
Revenue mechanics combine commodity supply margins on electricity, value-added optimization savings shared with customers (the company explicitly aligns incentives by making money when customers cut peak demand), affiliate commissions on community solar enrollment, and managed services around DER hardware. Commercial go-to-market is sales-led via dedicated energy advisors and free Bill Health Check reports as lead generation, while residential customers in Texas self-serve through a dedicated app. The company has raised approximately $50M cumulatively from Cathay Innovation, Union Square Ventures, Keyframe Capital, Equal Ventures, and BoxGroup, and serves 1,000+ commercial locations across 60+ brands including Equinox, Wing Stop, Subway, Orangetheory, Crunch Fitness, and Domino's franchises.
David Energy firmographics
Firmographics- Name
- David Energy
- Legal name
- David Energy Systems, Inc.
- Website
- https://davidenergy.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- David Energy is a Brooklyn-based retail electricity provider that supplies power to multi-location commercial businesses and Texas residential customers, bundling electricity supply with free plug-in batteries, automated bill auditing, thermostat management, and DER optimization software across deregulated US markets.
- Ownership category
- akta.pro rank
David Energy industry classification
Industry- Product category
- Retail Electricity Supply
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)
- akta.pro secondary industries
- EV Managed Charging as Demand Response (Residential, Fleet, Workplace) (EUAFAGAL), Green Tariffs & Utility Renewable Supply Programs (EUAGADAJ)
Keywords
Where David Energy is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
David Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Electricity Supply: David Energy acts as a retail electricity provider (REP), supplying power to commercial and residential customers in deregulated markets. Revenue comes from supplier margins on electricity supply. The company's model aligns incentives with customers - they make money when customers save money through their batteries and software optimization.
- Battery and DER Optimization Services: Revenue generated from optimizing customer energy use through batteries and software. When the company cuts peak demand and participates in grid programs (demand response), both the company and customer benefit. David Energy generates revenue from managing distributed energy resources while passing savings to customers.
- Community Solar Enrollment: David Energy earns a commission for every community solar contract signed, paid by solar developers. Customers subscribe to local solar farms through David Energy and receive bill credits, while the company takes a small percentage as a management fee.
- Thermostat Management Services: Included free with electricity supply, thermostat management services help reduce customer energy waste. While not directly monetized, these services drive customer retention and differentiate David Energy from traditional suppliers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Community Solar Plan - Save up to 5% on electricity bills |
| Subscription | Monthly | Beat the Utility Plan - Free plug-in batteries with electricity supply |
| Other | Monthly | Electricity Supply Rate |
| Subscription | Monthly | Smart Battery Plan (Residential) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
David Energy product offering
Product offeringCore offering
David Energy is a retail electricity provider (REP) that supplies power to commercial and residential customers in deregulated U.S. markets and bundles it with a proprietary distributed energy resource (DER) management platform. The core commercial offering pairs electricity supply with free plug-in batteries, automated thermostat management, bill monitoring, and dedicated energy advisors to reduce customers' electricity and demand charges. For residential customers in Texas, the company provides a Smart Battery plan with automated battery optimization software that maximizes bill credits from grid participation.
Product overview
David Energy is a technology-driven retail electricity provider (REP) offering a vertically integrated platform that combines electricity supply with software-powered energy management tools. The core offering consists of commercial electricity supply paired with a suite of add-on modules: Bill Health Check (free bill auditing), Bill Monitoring (automated scam/error detection), Thermostat Management with Auto-Reset (remote HVAC control), Community Solar Plan (solar credits), and free plug-in batteries for NYC businesses via the Beat the Utility Plan. For residential customers in Texas, David Energy offers the Smart Battery plan with Battery Optimization software. All commercial services include access to Dedicated Energy Advisors. The company is building toward its long-term vision of running the grid 24/7/365 on clean energy by aggregating distributed energy resources (batteries, smart thermostats, EVs) to balance renewable intermittency.
Differentiator
Problem solved
Functional benefit
Products and services
- Beat the Utility Plan Commercial electricity supply plan for New York City businesses that bundles free, zero-cost plug-in batteries with electricity supply. David Energy installs and manages the batteries via WiFi to charge during off-peak hours and discharge during peak demand, reducing electricity costs and Con Edison demand charges with no capital outlay from the customer.
- Electricity Supply (Commercial) Retail electricity supply service for commercial businesses in New York, New Jersey, Massachusetts, and Texas. Includes competitive custom rate quotes, fixed and index rate options, multi-site blended rates, and rate analysis from dedicated energy advisors.
- Bill Health Check Free bill auditing tool that analyzes uploaded electricity bills to identify above-market rates, unauthorized supplier changes (slamming scams), billing errors, and incorrect rate classifications. Generates a scored report with actionable recommendations for commercial customers.
- Bill Monitoring Automated monthly bill auditing service that monitors commercial electricity accounts for scams, billing errors, rate class changes, and suspicious activity with real-time alerts, protecting accounts from slamming fraud and utility mistakes.
- Thermostat Management Remote thermostat control and scheduling platform for multi-location commercial businesses that integrates with Honeywell, Ecobee, Sensibo, and Nest smart thermostats. Includes Auto-Reset functionality to automatically restore optimal schedules each night and prevent unauthorized HVAC changes, with multi-location visibility.
- Community Solar Plan Community solar subscription service for New York businesses that delivers up to 5% savings on electricity bills by purchasing power credits from local off-site solar farms. Requires no installation and no cancellation fees when bundled with David Energy electricity supply.
- Dedicated Energy Advisors Expert energy advisory service bundled with David Energy electricity supply contracts, providing proactive guidance on rate optimization, incentive program enrollment, bill dispute resolution, and quarterly business reviews for commercial customers.
- Smart Battery (Residential) Residential electricity plan in Texas designed for EV and home battery owners, providing Battery Optimization software that automatically manages battery charge/discharge cycles to maximize bill credits and earnings from grid participation. Includes a 60-day risk-free trial with zero cancellation fees.
Quantifiable outcome
- 48% rate reduction across 10-location pizza franchise
- +9 more outcomes
Companies that use David Energy
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
David Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability4 records
Feature5 records
David Energy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and supporting.
- VertexOnecoreDavid Energy tapped VertexOne to transform customer experience and enable clean grid goals. VertexOne provides utility data management and customer experience solutions for retail energy providers.
- Smart Thermostat ManufacturerssupportingDavid Energy integrates with major smart thermostat brands including Honeywell, Ecobee, Sensibo, and Nest. For customers without smart devices, David Energy offers compatible thermostats at market cost plus flat installation fee.
- Con EdisoncorePrimary utility partnership in NYC. David Energy operates in Con Edison territory, helping businesses manage and reduce delivery charges and demand costs from the utility.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
David Energy competitors and assessment
Company assessmentDirect peers
- Voltus: Virtual power plant and commercial demand response aggregator that monetizes customer flexible load and DERs into wholesale markets — directly comparable to David Energy's DR and battery aggregation layer for commercial customers.
- CPower: Commercial-focused demand response and VPP operator serving multi-site businesses across U.S. ISO markets — directly comparable to David Energy's commercial DR and battery optimization offering.
- Leap: Retail electricity provider and energy management platform for commercial customers — directly comparable to David Energy's REP-plus-services model for SMBs in deregulated markets.
- Arcadia: Clean energy management platform offering community solar enrollment, bill monitoring, and DER optimization — closely comparable to David Energy's vertically integrated residential/community solar and bill audit offerings.
- OhmConnect: Residential demand response and battery/EV optimization platform — directly comparable to David Energy's residential Smart Battery and Battery Optimization product in Texas.
- Uplight: DER management, customer engagement, and energy services software for utilities and energy retailers — directly comparable to David Energy's thermostat, bill monitoring, and optimization software stack.
Broad incumbents
- Sunrun: Largest U.S. residential solar installer building a residential VPP — overlaps with David Energy's residential battery and grid-services ambitions, but operates at significantly greater scale in solar.
- Direct Energy (NRG Energy): Major incumbent retail electricity provider serving residential and commercial customers in deregulated U.S. markets — comparable REP offering, but without the integrated plug-in DER and software layer.
Emerging players
- AutoGrid: Distributed energy resource optimization and VPP software platform serving utilities and aggregators — comparable technology layer for forecasting and dispatch of behind-the-meter assets.
- Span: Smart electrical panel enabling whole-home DER management and grid services for residential customers with solar, batteries, and EVs — adjacent enabling technology for residential VPP stacks like David Energy's Smart Battery plan.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
David Energy social profiles
Digital presenceDavid Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
David Energy leadership team
Management profileNumber of profiles
Profiles5 records
David Energy subsidiaries and ownership
Company hierarchySubsidiaries3 records
David Energy funding detail
Funding detailFunding overview
Funding rounds9 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
David Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about David Energy
What does David Energy do?
David Energy is a retail electricity provider (REP) that supplies power to commercial and residential customers in deregulated U.S. markets and bundles it with a proprietary distributed energy resource (DER) management platform. The core commercial offering pairs electricity supply with free plug-in batteries, automated thermostat management, bill monitoring, and dedicated energy advisors to reduce customers' electricity and demand charges. For residential customers in Texas, the company provides a Smart Battery plan with automated battery optimization software that maximizes bill credits from grid participation.
Is David Energy a public or private company?
David Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was David Energy founded?
David Energy was founded in 2019. It employs 11 to 50 people.
Where is David Energy based?
David Energy is headquartered in Brooklyn, United States, in the North America region.
How does David Energy make money?
Four revenue lines are on record. Electricity Supply is the primary driver. The others are battery and DER Optimization Services, community Solar Enrollment and thermostat Management Services.
Who are David Energy's main competitors?
Direct peers on record are Voltus, CPower, Leap, Arcadia, OhmConnect and Uplight. Broad incumbents are Sunrun and Direct Energy (NRG Energy). Emerging players are AutoGrid and Span.
Does David Energy have an API?
No public API is recorded for David Energy.
What industry is David Energy in?
David Energy's product category is Retail Electricity Supply. Its primary akta.pro industry code is EUAGABAI, Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR), with a secondary code of EUAFAGAL, EV Managed Charging as Demand Response (Residential, Fleet, Workplace). Its NAICS code is 2211 and its SIC code is 4911.