Gridwealth

What Gridwealth does

Gridwealth is a vertically integrated U.S. distributed energy resources (DER) company headquartered in Sudbury, Massachusetts, that develops, finances, constructs, owns, and operates commercial and industrial solar PV systems, battery energy storage, and EV charging infrastructure, while simultaneously supplying retail electricity and managing community shared solar projects. Formed in March 2023 via the rebrand of MassAmerican Energy LLC and Hampshire Power Corporation (including Hampshire Power Services Inc.) under a unified Gridwealth brand, the company operates across three corporate entities and serves investor-owned real estate owners, REITs, public entities, municipalities, IPPs and solar developers, energy brokers, and C&I electricity consumers primarily across the Northeast with an announced 8-state expansion and 500 MW-by-2027 development target.

The technical backbone combines proprietary utility Electronic Data Interchange (EDI) connectivity (exclusive to retail suppliers) for real-time community solar subscriber/project data, a BESS-augmented DC fast charging architecture for EV charging that lowers demand charges and meets NEVI uptime requirements, and a customized POWWR Sales360 Commission Portal layered on POWWR's Sales360 and Risk360 SaaS platforms for sales automation, commission management, and energy risk/position management. To date Gridwealth has developed, financed, constructed, operated, owned, and maintained over 150 commercial solar projects and deployed more than 20 MW of generating capacity in Rhode Island alone, with flagship projects including a 43 MW Quonset solar canopy in Rhode Island (billed as the largest in North America) and a 16-project, ~15 MW C&I rooftop portfolio financed by a $30 million Fidelity Bank facility.

Revenue is generated across six streams: (1) C&I solar project development and ownership via hardware sales and long-term site leases with no out-of-pocket cost to host property owners; (2) licensed retail electricity supply in Massachusetts (License #CS-189) and Rhode Island on recurring per-kWh contracts; (3) community shared solar managed services with de-escalating management fees and channel-partner commissions; (4) battery storage and BESS-augmented DCFC EV charging operations; (5) REC and carbon offset brokerage; and (6) recurring O&M and energy consulting services. Go-to-market combines direct enterprise field sales to Fortune 2000 companies and public entities, an inside-sales motion for retail electricity in MA/RI, and a broker-first channel partner program (e.g., FUSE Energy) that enables energy brokers to bundle multiple Gridwealth products under a single vendor relationship.

Name

Gridwealth

Legal name

Gridwealth

Website

https://gridwealth.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Gridwealth is a vertically integrated U.S. distributed energy resources company that develops, owns, and operates commercial and industrial solar, battery storage, and EV charging infrastructure while supplying retail electricity and managing community shared solar projects for property owners, public entities, IPPs, and energy brokers in the Northeast.

Ownership category

akta.pro rank

Product category

Distributed Energy Resources & Commercial Solar

NAICS

Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

akta.pro secondary industries

DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG), EV Charging as DER (Managed Charging, V2G/V2B) (EUAMAJAL)

Keywords

• Commercial solar development
• Battery energy storage
• Community shared solar
• Retail electricity supply
• Distributed energy resources

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Solar Project Development & Ownership: Gridwealth develops, finances, constructs, owns, and operates commercial-scale rooftop, carport, and ground-mounted solar PV systems, then sells or monetizes the electricity, attributes, and capacity from those assets. Revenue comes from long-term site leases paid by host property owners and from the sale of generated electricity and renewable attributes.
2. Retail Electricity Supply: Licensed retail electricity supplier in Massachusetts (and Rhode Island via Hampshire Power Corp) selling fixed-rate supply to commercial and industrial customers under multi-period contracts. Recurring supply revenue per kWh delivered.
3. Community Shared Solar Management Services: End-to-end CSS management for community solar projects: C&I customer acquisition, billing, attrition/default management via EDI integration, and ongoing administration. Revenue from management fees (de-escalating over project lifecycle) and channel-partner commissions on multi-product sales to acquired customers.
4. Battery Energy Storage & EV Charging: Development, ownership, and operation of battery energy storage systems (BESS) and BESS-augmented DC fast charging stations. Revenue from station operations, charging fees, demand charge optimization, and grid services where applicable.
5. REC Brokerage & Carbon Offsets: Brokerage of Renewable Energy Certificates (RECs) and carbon offsets for corporate ESG/CSRD compliance, including sales to U.S. companies subject to European CSRD reporting. Transaction-based brokerage commissions.
6. Operations, Maintenance & Energy Consulting: Long-term O&M services for solar/storage facilities and energy consulting services (ISO-NE lead market participant, PPA/VPPA structuring, battery modeling and dispatch, carbon-free energy management). Recurring service revenue from contracts and project-based consulting fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Gridwealth is a vertically integrated distributed energy resources company that develops, finances, constructs, owns, operates, and maintains commercial-scale solar PV (rooftop, carport, ground-mount), battery energy storage systems, and BESS-augmented DC fast charging for EVs. It supplies fixed-rate retail electricity to C&I customers in Massachusetts and Rhode Island and provides community shared solar customer acquisition, billing, and management services to solar developers and IPPs using direct utility EDI connectivity. Supporting services include O&M, asset monetization, REC and carbon offset brokerage, and energy consulting.

Product overview

Gridwealth is an integrated distributed energy resources (DER) platform that combines the development, ownership, and operation of renewable energy assets with retail electricity supply and energy services for commercial and industrial (C&I) customers. Formed in March 2023 through the rebrand of MassAmerican Energy LLC and Hampshire Power Corporation, Gridwealth offers a single, unified platform across three pillars—DEVELOP (Commercial & Industrial Solar Rooftop & Ground Mount Systems, Battery Energy Storage Systems, EV Charging Systems under the Gridwealth EV sub-brand, and Portfolio Opportunity Analysis), OPERATE (Community Shared Solar customer acquisition/billing/management, Joint Operations and Ownership, Operations & Maintenance, and Asset Monetization), and SUPPLY (Retail Electricity Supply via the Hampshire Power license, Demand Response, Community Shared Solar Credits, and REC and Carbon Offsets brokerage). The platform also includes Energy Consulting and a Broker & Channel Partner Program (powered by the POWWR Sales360 SaaS platform) that lets independent brokers bundle multiple products. Across these modules, Gridwealth integrates utility EDI connectivity, POWWR's Sales360 and Risk360 platforms, and Stripe/Mailchimp/Google Analytics to deliver a one-stop shop for property owners, IPPs/solar developers, public entities, and brokers, with a stated target of 500 MW of operating solar and storage assets by 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial & Industrial Solar (Rooftop, Carport, and Ground Mount Systems) Development, construction, financing, ownership, and long-term operation of commercial & industrial rooftop, carport, and ground-mount solar PV systems, sold to real estate investors, REITs, public entities, and C&I businesses on no-out-of-pocket site lease terms.
• Battery Energy Storage Systems (BESS) Design, deployment, modeling, and dispatch of battery storage systems paired with C&I solar and EV charging to reduce demand charges, support NEVI uptime compliance, and provide flexible grid-only, storage-only, or combined dispatch.
• Gridwealth EV (BESS-based DC Fast Charging) Direct current fast charging (DCFC) stations paired with on-site battery energy storage that allows operators to source charge power from batteries, the grid, or both, reducing demand charges, minimizing site upgrade costs, and complying with NEVI uptime requirements.
• Community Shared Solar (CSS) Management Services End-to-end community shared solar customer acquisition, enrollment, billing, attrition/default management, and administration for solar developers and IPPs, using direct utility EDI connectivity with de-escalated management fees and bonus product commissions.
• Operations & Maintenance (O&M) Long-term operations, maintenance, repair, and asset monetization for solar and storage facilities, with Gridwealth assuming operational risk on behalf of host site owners.
• Energy Consulting Advisory and consulting services covering wholesale and retail energy markets, ISO New England lead market participant services, PPA and virtual PPA structuring, battery modeling and dispatch, and carbon-free energy management.
• Retail Electricity Supply Fixed-rate commercial and industrial retail electricity supply in Massachusetts and Rhode Island with no surprise pricing, no hidden fees, and flexible cancellation, allowing customers to opt out of municipal aggregation rate increases.
• REC and Carbon Offsets Brokerage Brokerage of Renewable Energy Certificates and carbon offsets that helps companies offset emissions and meet ESG/CSRD compliance obligations, with the ability to bundle RECs and carbon offsets with electricity supply for best commercial electricity rates.
• Broker & Channel Partner Program Broker-first partnership program for energy brokers and channel partners offering training, support, dedicated points of contact, and stackable multi-product upsell recommendations across retail electricity, C&I solar, battery, EV charging, and community shared solar.
• Community Shared Solar Credits (Subscriber Subscription) Subscription-based community shared solar credits that allow ratepayers to save 10-15% (up to 25% via Rhode Island VNM programs) on their electricity bills by supporting local community solar farms, with no upfront costs, no installation, and no change in energy provider.
• Demand Response Services Demand response program participation services for commercial and industrial customers, enabling compensation for reducing electricity usage during peak grid events.
• Joint Operations and Ownership / Asset Monetization Joint venture, joint operations and ownership models, and asset monetization services for solar and storage assets, including competitive structured finance, PPA/VPPA and carbon-free energy management, and ISO New England lead market participant services.

Quantifiable outcome

• 486% three-year revenue growth (2019–2022)
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship — portfolio-level transaction transferring 54 ma/ri community solar projects to csp., supporting — energy broker channel partner., core — embedded saas infrastructure for sales, risk, and commission management across gridwealth's retail energy business., core — flagship port-facility co-development partnership in rhode island., minor — trade association membership aligned with gridwealth's investor-owned real estate segment., supporting — referral co-delivery partner for building assessments. and supporting — channel partner referenced in customer-side testimonial..

• Community Solar Platform (CSP)flagship — portfolio-level transaction transferring 54 ma/ri community solar projects to csp.Strategic or Co-development Partner · 1 February 2026Community Solar Platform (CSP) acquired the entire Gridwealth Services portfolio (54 community solar projects in Massachusetts and Rhode Island) in February 2026, expanding CSP's portfolio to over 300 projects across 20 states. Existing customers continue to receive savings and real-time solar production tracking.
• FUSE Energysupporting — energy broker channel partner.Channel Partner/ Reseller/ Distributor · 30 October 2023FUSE Energy is cited as a Gridwealth managing-partner energy broker. Tom DeFeudis, Managing Partner of FUSE Energy, provided a testimonial describing Gridwealth as a partner whose solutions fit clients' needs, with professional and responsive service and a strong sense of urgency.
• POWWRcore — embedded saas infrastructure for sales, risk, and commission management across gridwealth's retail energy business.Technology or Integration · 7 September 2023Connecticut-based B2B energy SaaS provider POWWR is a longtime partner of Gridwealth. Gridwealth uses POWWR's Sales360 end-to-end SaaS (deployed late 2022) to generate pricing, sales quotes, contracts, and to enroll business customers with electric utilities. Gridwealth also uses POWWR's Risk360 platform for forecasting, position management, settlements, and pricing. In July 2023, Gridwealth deployed a Gridwealth-customized Sales360 Commission Portal to track and generate payments for internal salespeople and independent brokers.
• ProvPortcore — flagship port-facility co-development partnership in rhode island.Strategic or Co-development Partner · 6 September 2023Gridwealth and ProvPort (Waterson Terminal Services) announced a partnership to develop the first major solar projects at the Providence, R.I. port facility. Gridwealth will use vacant industrial rooftops at ProvPort for two installations totaling ~4,000 solar PV panels, ~200,000 sq ft of rooftop, and ~1.7 MW of clean electricity. Benefits include peak-hour electricity production, revenue to ProvPort via site lease payments, utility bill credits for designated public/private/nonprofit off-takers, skilled-trade training, and progress toward Rhode Island's 100% renewable electricity by 2033 and net-zero by 2050 mandates.
• NAIOP (Commercial Real Estate Development Association)minor — trade association membership aligned with gridwealth's investor-owned real estate segment.OthersGridwealth is listed as a 'Proud Member' of NAIOP, the Commercial Real Estate Development Association. The Gridwealth website footer displays the NAIOP logo alongside other membership marks.
• Nexus Consultingsupporting — referral co-delivery partner for building assessments.Implementation/ SI/ Consulting PartnerNexus Consulting (HVAC and building systems expert) partners with Gridwealth to deliver the first step of Gridwealth's 'Energy Savings in Two Steps' process: a free building assessment (virtual or onsite) reviewing equipment operations, control algorithms, and HVAC system designs. Nexus works with existing building automation or HVAC contractors to remedy issues. Gridwealth then delivers follow-on solutions (community solar, retail electricity, solar/storage, RECs, demand response, IoT analytics, DER/microgrid, energy efficiency, building automation).
• Standard Solarsupporting — channel partner referenced in customer-side testimonial.Channel Partner/ Reseller/ DistributorStandard Solar (Rick Berube, COO) provided a testimonial describing Gridwealth's transparent customer acquisition, weekly progress updates, and policy-tracking capabilities as enabling Standard Solar to focus on growing its portfolio. The relationship frames Gridwealth as a customer-acquisition / portfolio-support partner to the solar developer/IPP.

Scale indicators14 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Borrego Solar: Developer, owner, and operator of commercial & industrial and community solar projects with O&M services across multiple U.S. states. Directly comparable as a vertically integrated C&I/community solar platform serving similar property owner, public entity, and IPP customer segments.
• Pivot Energy: National C&I and community solar developer with subscription-based community solar management services and broker/channel partner programs. Comparable to Gridwealth in business model, target customer (C&I property owners, IPPs), and integrated developer-owner-operator approach.
• Solect Energy: Northeast-based C&I solar developer with community solar, battery storage, and EV charging offerings serving commercial property owners, municipalities, and businesses in Massachusetts and surrounding states. Closest geographic and product overlap with Gridwealth's core market.
• Summit Ridge Energy: One of the largest U.S. community solar developers and owners, with a national portfolio of community solar projects. Directly comparable to Gridwealth Services' community solar acquisition, management, and ownership model, and now to the acquirer (Community Solar Platform) that absorbed Gridwealth's 54-project portfolio.
• Catalyst Power & Gas: Licensed retail electricity supplier in Massachusetts and other Northeast states offering fixed-rate supply to C&I customers, often bundled with community solar and renewable energy products. Direct overlap with Gridwealth's Hampshire Power retail supply business.

Broad incumbents

• Sunrun: National residential solar and battery storage leader with growing C&I and virtual power plant offerings. Comparable as a scaled solar developer-owner-operator; CEO David Ellis's prior employer. Not a direct C&I competitor but a relevant industry incumbent and alumni network.
• NextEra Energy Resources: Largest U.S. renewable energy developer and operator with extensive solar, storage, and grid services portfolio. Sets the competitive ceiling on project scale, project finance terms, and PPA pricing that Gridwealth must match in large C&I and community solar RFPs.
• Clearway Energy: Publicly traded owner and operator of commercial and utility-scale solar and storage assets across the U.S. Relevant competitor for institutional capital partnerships, large portfolio acquisitions, and IPP relationships similar to those Gridwealth serves.
• ENGIE North America: Large multinational developer and operator of distributed solar, storage, and EV charging infrastructure with significant C&I and public-sector presence. Comparable in product breadth (solar, storage, EV, retail energy services) and as a scaled competitor for Fortune 2000 and municipal customers.

Emerging players

• Arcadia: Clean energy data and community solar subscription platform connecting businesses and households to community solar and REC products. Partial overlap with Gridwealth's CSS subscription management, retail electricity supply, and REC/carbon offset brokerage offerings, particularly through digital channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100089619966580
• LinkedInlinkedin.com/company/gridwealth-energy

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gridwealth