Hover Energy
- Company typePrivate
- Founded2015
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Hover Energy firmographics
Firmographics- Name
- Hover Energy
- Legal name
- Hover Energy, LLC
- Website
- https://hoverenergy.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Hover Energy industry classification
Industry- Product category
- Wind-Powered Microgrid Systems
- NAICS
- Electric Power Generation (22111), Wind Electric Power Generation (221115), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource) (EUACALAH)
- akta.pro secondary industries
- Microgrids & Energy Management Controllers (Campus/Community/Industrial) (EUADAPAE), DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG), Microgrid & Distributed Grid Equipment (Controllers, Switchgear Packages, DER Interconnection) (IMAGAAAJ), Microgrid Development, EPC & Integration (EUAMAJAB)
Keywords
Where Hover Energy is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Hover Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Equipment Purchase: Customers purchase the microgrid equipment outright. Customer owns the system and may partner with a Hover-sponsored entity. Customer pays cash or arranges commercial/PACE financing. Customer responsible for maintenance and insurance with Hover support.
- Energy Services Agreement (ESA): Customers 'buy the electricity' through a minimum 10-year Energy Services Agreement. Hover structures financing through a special purpose entity. Hover maintains ownership or sells to third-party investor. Customer has option to buy out after certain years at Fair Market Value. Hover maintains full responsibility for maintenance and insurance.
- Strategic Alliance Revenue: Partnership with Alternus Clean Energy generating revenue through 15-20 year offtake contracts. Initial focus on 50 MW of projects. Hover provides wind technology and proprietary control systems; Alternus provides utility-scale solar capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels11 records
Hover Energy product offering
Product offeringCore offering
Hover Energy designs, develops, and deploys integrated microgrid systems centered on a patented Wind-Powered Microgrid that combines proprietary 36kW vertical axis wind turbines (VAWTs), solar PV arrays, and battery storage into a behind-the-meter power system for commercial, industrial, and government buildings. The platform is managed by the Microgrid Management System (MMS) and configured via the Energy Stack methodology to mix wind, solar, storage, and other energy sources per site requirements. Customers can purchase equipment outright or sign long-term Energy Services Agreements (ESAs).
Product overview
Hover Energy offers a modular integrated microgrid platform centered on the Wind-Powered Microgrid™ as the core product. The platform combines a proprietary 36kW vertical axis wind turbine array, solar photovoltaic arrays, and battery storage, managed through the Microgrid Management System™ (MMS™). The Energy Stack™ determines the optimal energy source mix for each environment, while the Renewable Energy Router™ integrates power from all microgrid nodes. The Integrated Energy Management System (IEMS) converts combined energy into 3-phase AC power linked to building management systems. The company operates through a Formula H methodology: Design, Develop, Deploy, targeting commercial and industrial buildings seeking energy resilience and net-zero goals.
Differentiator
Problem solved
Functional benefit
Brands
- Wind-Powered Microgrid™: The core product integrating wind and solar energy generation with storage for resilient, self-sustaining power systems for buildings
- Microgrid Management System™ (MMS™)
- Energy Stack™
- Formula H™
- Renewable Energy Router™
- Integrated Energy Management System (IEMS)
Products and services
- Wind-Powered Microgrid Hover's flagship integrated microgrid offering combining a patented 36kW vertical axis wind turbine array installed on building rooftops, solar PV arrays, and intelligent battery storage. Generates, stores, and combines renewable electricity with grid power behind the meter for commercial, industrial, government, and utility customers seeking energy resilience and net-zero outcomes.
- Microgrid Management System (MMS) An integrated software/hardware control platform that monitors, controls, and optimizes all microgrid infrastructure including wind, solar, storage, and multi-fuel generation. Connects directly into building management systems and is designed to accept new energy technologies over time.
- Hover Vertical Axis Wind Turbine (VAWT) A 12' x 15' vertical axis wind turbine engineered specifically for rooftop and infrastructure integration, producing 30-40 kW of power per unit at commercial scale. Uses direct drive generator technology and aerodynamic design that leverages building facades as sails, achieving 10-30% higher efficiency than horizontal axis turbines in rooftop applications. Designed for commercial, industrial, and government customers.
Quantifiable outcome
- Reduces grid electricity consumption by 63% baseline (Royal Navy HMS Eaglet case)
- +5 more outcomes
Companies that use Hover Energy
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Hover Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Hover Energy partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core and minor.
- E.ON UKflagshipE.ON UK and Hover Energy announced plans to develop and deploy advanced smart microgrid projects. Initial focus on London Borough of Newham, creating 'living lab' where renewable energy, smart grids, and storage solutions work together. Partnership aims to modernize local electricity networks using digital communications, renewable sources on community buildings, and smart meter data for real-time supply/demand balancing.
- Alternus Clean Energy Inc.coreStrategic alliance combining Hover's Wind-Powered Microgrid systems with Alternus' utility-scale solar projects. First project construction beginning Q3 2024 with initial focus on 50 MW of projects. 15-20 year offtake contracts generating high-margin revenue streams. Alternus operates projects including Omohundro Solar Project in Nashville.
- Shine Development PartnerscoreAcquired solar energy solutions company. Shine brings decades of experience financing, installing and operating renewable energy projects utilizing solar and battery storage. Acquired to enhance Hover's capabilities ahead of scale production and global rollout. Shine CEO Rajiv Pandya became Hover COO.
- RealTime GroupcoreMaster Services Agreement where RealTime plays leading role in designing and developing integrated energy management solutions for Hover's wind-powered microgrid. Over two years of collaboration prior to formal MSA. RealTime's engineers provide top-notch engineering technologies in multiple disciplines.
- Task Contract SolutionscoreExclusive UK partner for Hover Energy microgrid deployment. Completed installation at Royal Navy HMS Eaglet in Liverpool - first Hover installation in UK and Europe. Task is working with Hover to deploy in many locations throughout the UK.
- Lightwave SolarminorRegional construction and installation partner for Nashville projects. Constructed and installed the Omohundro Solar Project in Nashville for Metro Water Services.
- JabilcoreContract manufacturer for Hover turbines and electronic control systems. 5-year contract. Jabil is a $35 billion global manufacturer. Partnership of seven years, with Jabil providing manufacturing scale-up for commercial production beginning January 2023 from Memphis, TN facility.
- JLL, Corgan, Kinzler (Project Partners)minorVarious partners Hover has worked with on microgrid projects. JLL for real estate, Corgan for architecture, Kinzler for construction services, along with EPC contractors.
- Curtis EldemireminorGrand Cayman businessman working with Hover Energy to pitch wind-powered microgrids to developers, businesses and government in Cayman Islands. Pursuing regulatory engagement to accelerate Cayman's renewable energy goals.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Hover Energy competitors and assessment
Company assessmentDirect peers
- Enchanted Rock: Designs, builds, and operates on-site microgrids for commercial, industrial, and institutional customers, using a mix of generation and storage under long-term ESAs. Highly comparable to Hover's behind-the-meter, ESA-financed microgrid business model for the built environment.
- PowerSecure (Eaton): Provides distributed generation and microgrid solutions to commercial, industrial, and utility customers, with turnkey project development and long-term service. Closely matches Hover's integrated microgrid EPC and operations model post-Shine acquisition.
Broad incumbents
- Bloom Energy: Provides on-site fuel cell power generation for commercial and industrial customers, increasingly bundled with solar, storage, and microgrid controls. Comparable as a behind-the-meter on-site power provider targeting building and data center customers.
- Schneider Electric (EcoStruxure Microgrid): Provides industrial-grade microgrid control systems (EcoStruxure) and integrated power management for buildings, data centers, and utilities. Comparable to Hover's MMS/Energy Stack software and controls layer applied to distributed energy assets.
- Generac (Clean Energy / PWRcell): Major provider of distributed energy resources including solar inverters, battery storage, and generator-based microgrid solutions for commercial and residential markets. Comparable in the behind-the-meter, multi-resource microgrid product space.
- Tesla Energy: Offers Powerwall, Megapack, and increasingly integrated solar-plus-storage microgrid systems targeted at homes, commercial buildings, and utility-scale projects. Comparable to Hover's solar+storage microgrid architecture, though with a different generation mix and no wind component.
- ABB (Microgrid Solutions): Provides microgrid control platforms, power conversion equipment, and grid integration services for utilities and commercial customers. Comparable to Hover's controller-and-integration approach, though at much larger scale and broader scope.
- Siemens (Smart Infrastructure / Microgrids): Offers integrated microgrid solutions combining power generation, storage, and grid management software for commercial, industrial, and utility customers. Comparable as a full-stack microgrid platform provider with overlapping go-to-market in energy resilience.
Emerging players
- Helix Wind: Developer of vertical axis wind turbines for distributed and rooftop applications. Directly comparable to Hover's core VAWT technology, though with a much narrower product focus and without the integrated microgrid stack.
- Northern Power Systems: Manufactures permanent-magnet direct-drive wind turbines (including VAWT-derived designs) and distributed energy systems for remote, microgrid, and commercial applications. Comparable to Hover on the wind turbine / distributed generation side.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Hover Energy social profiles
Digital presenceHover Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hover Energy leadership team
Management profileNumber of profiles
Profiles9 records
Hover Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Hover Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hover Energy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hover Energy
What does Hover Energy do?
Hover Energy designs, develops, and deploys integrated microgrid systems centered on a patented Wind-Powered Microgrid that combines proprietary 36kW vertical axis wind turbines (VAWTs), solar PV arrays, and battery storage into a behind-the-meter power system for commercial, industrial, and government buildings. The platform is managed by the Microgrid Management System (MMS) and configured via the Energy Stack methodology to mix wind, solar, storage, and other energy sources per site requirements. Customers can purchase equipment outright or sign long-term Energy Services Agreements (ESAs).
Is Hover Energy a public or private company?
Hover Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Hover Energy founded?
Hover Energy was founded in 2015. It employs 11 to 50 people.
Where is Hover Energy based?
Hover Energy is headquartered in Dallas, United States, in the North America region.
How does Hover Energy make money?
Three revenue lines are on record. Equipment Purchase is the primary driver. The others are energy Services Agreement (ESA) and strategic Alliance Revenue.
Who are Hover Energy's main competitors?
Direct peers on record are Enchanted Rock and PowerSecure (Eaton). Broad incumbents are Bloom Energy, Schneider Electric (EcoStruxure Microgrid), Generac (Clean Energy / PWRcell), Tesla Energy, ABB (Microgrid Solutions) and Siemens (Smart Infrastructure / Microgrids). Emerging players are Helix Wind and Northern Power Systems.
Does Hover Energy have an API?
No public API is recorded for Hover Energy.
What industry is Hover Energy in?
Hover Energy's product category is Wind-Powered Microgrid Systems. Its primary akta.pro industry code is EUACALAH, Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource), with a secondary code of EUADAPAE, Microgrids & Energy Management Controllers (Campus/Community/Industrial). Its NAICS code is 22111 and its SIC code is 4991.