What Resource Innovations does

Resource Innovations is a private, women-led energy services and software company founded in 2016 and headquartered in the San Francisco Bay Area. The company delivers demand-side management, energy efficiency, and clean energy consulting services to investor-owned utilities, public utilities, government agencies, and large commercial clients across 30+ states and 10 countries. Its customer roster includes Avangrid, CAISO, CenterPoint Energy, ComEd, Dominion Energy, Eversource, National Grid, SCE, SDGE, Pacific Power, PacifiCorp, PGE, ERCOT, UKPN, EIRGrid, NYPA, SRP, Ameren Illinois, Evergy, CPUC, and others. In 2024, the company delivered $710 million in customer energy rebates and reports 823,800 metric tons of CO2-equivalent emissions avoided across 800+ active programs. Operations are organized around four service lines (Advisory Services, Utility DSM Solutions, Energy Transition, and Software and Analytics) and supported by a CEO and leadership team including a CTO (Catherine Carhart) and Chief Revenue Officer (Shaun Dentice).

The company's core technology asset is the RI Shifted Energy DERMS platform, created through the October 2025 acquisition of Shifted Energy, which combines asset-level forecasting, optimization, and dispatch with integrations across 100+ OEM device types including EVs, thermostats, water heaters, batteries, and agricultural loads. The platform supports cloud, on-premises, and FedRAMP High deployment. Resource Innovations uses reinforcement learning and temporal graph convolutional networks for grid optimization and cybersecurity, and its software enables Virtual Power Plant aggregation, demand response orchestration, and V2X programs (notably the Massachusetts statewide deployment with The Mobility House). The revenue model combines professional services for utility program management, subscription/recurring revenue from software platforms (DERMS, VPP orchestration), and transaction-fee revenue from e-commerce marketplaces acquired through TechniArt.

The company was recapitalized in April 2024 when Morgan Stanley Capital Partners acquired a controlling interest from BV Investment Partners; founder Lauren Casentini remains CEO and a significant equity holder. Since 2021, Resource Innovations has executed five acquisitions — Nexant (2021), TechniArt (2022), Cadeo (2024), Richard Heath and Associates (2025), and Shifted Energy (2025) — to expand technical, software, and consulting capabilities. The CPUC has designated Resource Innovations as California's first Market Transformation Administrator (CalMTA), an approximately $300M effort under Decision 19-12-021. The company has been recognized three times on the Inc. 5000 list, ranking #12 in energy in 2023.

Name

Resource Innovations

Legal name

Resource Innovations, Inc.

Website

https://resource-innovations.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Resource Innovations is a women-led, tech-enabled energy services company providing demand-side management, energy efficiency, and DERMS software to utilities, government agencies, and corporate clients across 30+ states and 10 countries.

Ownership category

akta.pro rank

Product category

Utility Energy Management Services

NAICS

Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)

akta.pro secondary industries

Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)

Keywords

• Demand-side management
• Energy efficiency consulting
• Distributed energy resources
• Virtual power plant
• Utility program management

Headquarters

HQ city

Half Moon Bay

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Utility Program Management Services: Delivering energy efficiency programs on behalf of utilities, including program design, implementation, customer engagement, and rebate administration. RI delivered $710 million in customer energy rebates across the nation in 2024.
2. Software and Analytics Platform: Software solutions including DERMS platform, e-commerce DSM solutions, and energy analytics tools delivered as platform/subscription services to utilities.
3. Grid Edge DERMS Platform: Turnkey utility DSM and edge DERMS platform providing asset-level visibility and control for utilities to reliably plan, dispatch, and grow load flexibility across the grid.
4. E-Commerce Platform Services: Digital marketplace and customer engagement platforms enabling utilities to drive adoption of demand-response-enabled equipment such as thermostats, water heaters, and appliances.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Resource Innovations is a tech-enabled energy efficiency and sustainability services company delivering demand-side management solutions to utilities, government agencies, and large corporate clients. Its core offerings combine the RI Shifted Energy DERMS software platform (grid-edge distributed energy resource management with 100+ OEM integrations) with advisory, program implementation, energy transition, and e-commerce services. In 2024 the company delivered $710 million in customer energy rebates across 800+ active programs, achieving 823,800 metric tons of CO2 emissions avoidance for clients across 30+ states and 10 countries.

Product overview

Resource Innovations is a tech-enabled services company offering an integrated portfolio of clean energy solutions combining advisory services, utility demand-side management (DSM) program delivery, and software platforms. The core software offering is the RI Shifted Energy DERMS platform, which provides grid-edge distributed energy resource management with forecasting and optimization capabilities. The company delivers Virtual Power Plant (VPP) solutions that aggregate DERs including solar PV, battery storage, EV chargers, and smart appliances. Service offerings span Advisory Services, Utility DSM Solutions, Energy Transition Services, and Software and Analytics. Strategic acquisitions have expanded capabilities: Shifted Energy (DERMS technology, 2025), Cadeo (market transformation expertise, 2024), TechniArt (e-commerce platforms, 2022), and Nexant (technical and software expertise, 2021).

Differentiator

Problem solved

Functional benefit

Brands

• RI Shifted Energy DERMS: A distributed energy resource management system (DERMS) platform that combines forecasting and optimization with device integration to help utilities launch and scale virtual power plants (VPPs).
• CalMTA

Products and services

• RI Shifted Energy DERMS Platform Grid-edge distributed energy resource management system (DERMS) combining forecasting and optimization with seamless device integration to help utilities launch and scale virtual power plants (VPPs); delivers asset-level visibility and control for reliable planning, dispatch, and growth of load flexibility across the grid. Features flexible control architecture, aggregator-of-aggregators capability, 60-day launch cadence, multi-deployment options (cloud, on-premises, FedRAMP High), asset-level insights with device-level forecasting, locational dispatch, and 100+ OEM integrations across EVs, thermostats, water heaters, batteries, and agricultural loads.
• Virtual Power Plant (VPP) Solutions Aggregates distributed energy resources including solar PV, battery storage, EV chargers, and smart appliances to optimize grid flexibility, reduce costs, and accelerate renewable energy integration for utilities and system operators.
• Advisory Services Energy consulting services including program design, implementation, market transformation, and strategic advisory for utilities and government clients covering energy efficiency, demand response, decarbonization, and grid modernization initiatives.
• Utility DSM Solutions Demand-side management solutions for utilities including energy efficiency program design and delivery, demand response operations, customer engagement platforms, and rebate administration across 800+ active programs and projects.
• Energy Transition Services Decarbonization planning, electrification strategy, and clean energy transition consulting services helping utilities, governments, and large corporates develop roadmaps to net zero and manage the deployment of distributed energy resources.
• Software and Analytics Tech-enabled software platforms and analytics including DERMS, virtual power plant orchestration, e-commerce DSM solutions, and energy data analytics tools for grid-edge optimization and load flexibility management.
• California Market Transformation Administrator (CalMTA) Program Market transformation administration service for the State of California focused on sustainable market changes, equity, and collaboration with disadvantaged communities, overseeing development and implementation of energy efficiency initiatives valued at approximately $300 million.
• TechniArt Utility E-Commerce Marketplace Digital marketplace and customer engagement platforms enabling utilities to drive adoption of demand-response-enabled equipment such as thermostats, water heaters, EV chargers, and appliances with instant rebates to residential and commercial customers.

Quantifiable outcome

• 823,800 metric tons of CO2 equivalent avoided in 2024
• +6 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• The Mobility HousecoreStrategic or Co-development Partner · 28 February 2025Selected by Massachusetts Clean Energy Center alongside Resource Innovations to lead a two-year V2X demonstration trial deploying 100 bidirectional chargers statewide. The Mobility House contributes advanced vehicle-grid-integration (VGI) software and global experience in V2G deployment.
• CadeocoreTechnology or Integration · 20 June 2024Cadeo, a Portland-based clean energy consulting firm, was acquired to enhance Resource Innovations' capabilities in energy efficiency, electrification, and decarbonization for utility and government clients across the U.S.
• Shifted EnergycoreTechnology or IntegrationShifted Energy, a Honolulu-based DERMS technology firm, was acquired by Resource Innovations to create an integrated utility DSM and DERMS platform. The combined entity offers the industry's first integrated turnkey utility DSM and edge DERMS platform.
• California Public Utilities Commission (CPUC)coreStrategic or Co-development PartnerCPUC appointed Resource Innovations as the state's first Market Transformation Administrator (CalMTA) to oversee development and implementation of energy efficiency initiatives under Decision 19-12-021. The approximately $300 million effort is funded by California utility customers.
• Cadmus GroupminorImplementation/ SI/ Consulting PartnerPartner in CalMTA program providing evaluation expertise for market transformation initiatives in California.
• 2050 PartnersminorImplementation/ SI/ Consulting PartnerPartner in CalMTA program providing program development expertise.
• Ortiz GroupminorImplementation/ SI/ Consulting PartnerPartner in CalMTA program providing equity expertise for market transformation initiatives.
• Voltrek and B2QminorImplementation/ SI/ Consulting PartnerLocal engineering partners for Massachusetts V2X program offering site design and construction expertise for residential, fleet, and school charger installations.
• Converge Strategies and Vehicle-Grid Integration CouncilminorStrategic or Co-development PartnerStakeholder engagement partners for Massachusetts V2X program coordinating with utilities, local governments, community members, charging vendors, and automakers to develop a Massachusetts V2X Guidebook.
• LUMA EnergyminorStrategic or Co-development PartnerResource Innovations highlighted work with LUMA Energy in Puerto Rico as an example of how VPPs can strengthen grid resilience, integrate distributed energy resources, and deliver tangible benefits to communities facing complex grid challenges.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Guidehouse: Guidehouse is a large management and energy consulting practice competing with RI on utility strategy, DSM program advisory, and grid modernization engagements across a broader portfolio of services.
• DNV: DNV is an energy advisory, testing, and certification firm competing with RI on utility energy efficiency program assurance, energy management, and renewable integration consulting globally.
• AutoGrid (now part of Uplight ecosystem / Schneider Electric): AutoGrid, now part of Schneider Electric's DERMS portfolio, competes with RI's Shifted Energy platform in utility-scale DER orchestration and VPP deployments across global utility customers.
• Leidos: Leidos provides energy and environmental program management to federal and utility clients, competing with RI on large-scale energy efficiency, decarbonization, and grid modernization contracts.

Direct peers

• Uplight: Uplight provides a customer engagement and energy management platform for utilities including VPP orchestration, marketplace, and DSM program software—directly competing with RI's DERMS and e-commerce offerings.
• Franklin Energy: Franklin Energy delivers turnkey utility energy efficiency and demand response programs across the U.S., serving many of the same IOUs and public utility commissions as Resource Innovations.
• Leap: Leap operates a virtual power plant platform aggregating distributed energy resources for utilities, directly competing with RI's Shifted Energy DERMS and VPP solutions in California and beyond.
• EnergyHub: EnergyHub operates a DERMS platform that aggregates DERs (thermostats, batteries, EVs) for utility demand response and VPP programs, directly competing with RI Shifted Energy for the same utility customers.
• ICF International: ICF is a major energy efficiency and DSM consulting firm with deep utility relationships across the U.S., competing directly with RI in program design, implementation, and evaluation services for utilities and government agencies.
• Cadmus Group: Cadmus is an energy and sustainability consulting firm providing utility program evaluation, market transformation, and decarbonization advisory; it is also a CalMTA implementation partner alongside Resource Innovations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/resourceinnovations
• Xx.com/ri_utilitysvcs

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A5 records

Investments

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

Frequently asked questions about Resource Innovations