Power2Peer

What Power2Peer does

Power2Peer Inc. is a Boston-based clean energy technology company founded in 2018 by Dr. Nish Sonwalkar (ScD, MIT). The company builds P2PConnect, a free mobile application that enables peer-to-peer trading of solar, wind, and other clean energy between producers and consumers using a blockchain-secured transaction ledger built on Ethereum-based architecture. The platform's underlying control layer is a Software-Defined Network Controller (SDNC) that uses cloud-based architecture to remotely manage solar power generation systems, intelligently activating relays to ensure electricity availability across a microgrid in a self-healing configuration. A second offering, the Virtual Clean Power Network (VCPN), connects solar distributed energy resources (DERs) to EV charging stations, with the intent of using connected EV batteries as dispatchable storage to support the traditional grid during peak demand.

The company targets residential and commercial solar/wind producers, clean energy consumers, prosumers (users who both produce and consume), and EV charging companies as customer segments. Distribution is product-led via free app-store download and direct website download, targeting the US market. Power2Peer's revenue model is currently freemium — the app is free with no disclosed pricing tiers, transaction fees, or subscription plans; the company has stated intent to monetize through transaction fees on the marketplace as adoption scales. No revenue has been disclosed, and the MVP is described as 'near completion' rather than commercially launched.

The company has operated since 2018 with limited external capital, having raised $86,336 via a 2019 StartEngine crowdfunding round and participated in the MassChallenge 2020 Rhode Island cohort and Clean Tech Open 2020 accelerator. Headcount is reported at 1–10 employees. There are no disclosed patents, enterprise customers, or institutional investors, and the company remains founder-controlled and privately held under Massachusetts jurisdiction.

Name

Power2Peer

Legal name

Power2Peer Inc.

Website

https://power2peer.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Power2Peer is a Boston-based clean energy technology company building P2PConnect, a blockchain-secured mobile app for peer-to-peer trading of solar and wind energy between producers and consumers, with a cloud-based Software-Defined Network Controller and a Virtual Clean Power Network linking solar DERs to EV charging stations.

Ownership category

akta.pro rank

Product category

Clean Energy Trading Platform

NAICS

Solar Electric Power Generation (221114), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

DER Aggregation & Virtual Power Plants (VPPs) (EUAMAJAC)

akta.pro secondary industries

Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA), Community Solar Development & Subscription Management (EUAMAJAA), AMI/Smart Meter Communications Networks (RF Mesh, PLC Backhaul, Cellular) (EUADAIAC)

Keywords

• Peer-to-peer energy trading
• Clean energy marketplace
• Blockchain energy platform
• Distributed energy resources
• Virtual clean power network

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Clean Energy Marketplace Transactions: The P2PConnect platform enables peer-to-peer trading of clean energy kilowatts between producers and consumers. The app is currently free to download, suggesting a platform model that may charge transaction fees or take a commission on energy trades in the future as the marketplace scales.
2. App Distribution: P2PConnect is described as a free downloadable app designed to bring clean energy at the best price by reducing transmission and management costs. The primary value capture appears to be through reduced energy costs to consumers and enhanced returns to producers, with monetization likely through transaction fees on the platform as adoption grows.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Power2Peer operates P2PConnect, a blockchain-secured mobile marketplace that enables direct peer-to-peer trading of solar, wind, and other clean energy between producers and consumers. Underlying the app are a Software-Defined Network Controller (SDNC) for cloud-based remote control of distributed solar generation and microgrid relays, and a Virtual Clean Power Network (VCPN) that connects solar distributed energy resources with EV charging stations to support clean transportation and grid peak demand management.

Product overview

Power2Peer offers a blockchain-secured peer-to-peer energy trading platform centered around P2PConnect, a free mobile app. The core offering includes the P2PConnect platform for peer-to-peer clean energy trading, the Virtual Clean Power Network (VCPN) for connecting solar DERs to EV charging stations, and the Software-Defined Network Controller (SDNC) for cloud-based solar power system management. The Clean Energy Marketplace within P2PConnect enables prosumers to trade renewable energy directly.

Differentiator

Problem solved

Functional benefit

Brands

• P2PConnect: Mobile app platform for peer-to-peer clean energy trading using blockchain technology

Products and services

• P2PConnect Mobile App A free downloadable mobile application that enables users to register as producer, consumer, or both (prosumer), view a blockchain ledger of all energy transactions, access billing and usage statistics, and buy and sell clean energy through the P2PConnect marketplace.
• P2PConnect Clean Energy Marketplace An in-app marketplace where users can buy and sell clean energy directly from their mobile devices, providing access to community-sourced resilient energy and enabling prosumers to achieve 100% sustainability.
• Virtual Clean Power Network (VCPN) A network infrastructure connecting solar distributed energy resources with EV charging stations to enable distribution of clean energy to EVs and use pooled EV batteries as a resource to power the traditional grid during peak demand.
• Software-Defined Network Controller (SDNC) A cloud-based control system that enables remote management of solar power generation systems, intelligently deciding which relays to activate to ensure electricity availability and creating a self-healing power system with battery back-up.

Quantifiable outcome

• Reduced transmission and management costs for delivered kilowatts compared to traditional utility energy
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• MassChallengecoreStrategic or Co-development PartnerMassChallenge is a prominent startup accelerator that selected Power2Peer as a finalist in their 2020 program (Rhode Island Cohort). The program provided mentorship, educational webinars, Happy Hours, Expos, and access to resources including AWS and Airtable. MassChallenge helped evaluate Power2Per's position through a startup impact report and connected the company to MassCEC and various Mass Catalysts programs.
• Clean Tech OpencoreStrategic or Co-development PartnerClean Tech Open is a clean tech accelerator that included Power2Peer in their 2020 cohort. The program required deliverables including Business Canvas Model, financial, sustainability and clean energy impact documents, with opportunities to qualify for Regional semi-finals. The program connected Power2Peer with industry-export mentors who helped define business strategy and market segmentation.
• RI Venture Mentoring ServicesminorStrategic or Co-development PartnerPower2Peer received mentorship support from Rhode Island Venture Mentoring Services during their MassChallenge participation, providing entrepreneurial guidance through the wolfpack group run by past alumni.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• GridBeyond: GridBeyond provides demand response and distributed energy resource aggregation services, including VPP capabilities for commercial and industrial sites. It is comparable through the DER aggregation and grid orchestration functionality aligned with Power2Peer's SDNC.
• Energy Web Foundation: Energy Web Foundation builds open-source blockchain tools specifically for the energy sector, including decentralized applications for DERs and grid services. It is comparable through shared blockchain-for-energy technology stack and DER orchestration focus.
• Swarm Energy: Swarm Energy operates a peer-to-peer renewable energy trading platform focused on community energy markets. It is a direct conceptual peer with a similar horizontal marketplace model targeting prosumers and community-scale energy trading.

Direct peers

• Vandebron: Vandebron is a Dutch energy marketplace that connects independent renewable energy producers directly with consumers, bypassing traditional utilities. It is a regional peer with the same core peer-to-peer clean energy marketplace model that Power2Peer targets.
• Piclo: Piclo (formerly Open Utility) operates a matching platform that connects renewable energy generators with consumers willing to pay a premium for local green power. It is a direct marketplace competitor to Power2Peer's P2PConnect, focusing on transparent matching of clean energy supply and demand.
• Arcadia Power: Arcadia Power is a clean energy marketplace that allows consumers to switch to renewable energy sources and connects them with utility-scale wind farms. It is comparable as a US-based clean energy marketplace targeting consumers seeking renewable energy access.
• LO3 Energy: LO3 Energy is a direct peer in peer-to-peer energy trading, building blockchain-based platforms (Pando) that enable distributed energy resources to be transacted locally. Both companies target the same prosumer/energy marketplace use case with blockchain-secured architectures.
• Electron (Energy): Electron is a UK-based blockchain energy company building infrastructure for distributed energy resources, including peer-to-peer trading and grid balancing services. It is directly comparable to Power2Peer's blockchain-secured energy marketplace and DER orchestration approach.
• Sonnen (sonnenCommunity): Sonnen operates sonnenCommunity, a peer-to-peer energy sharing network for households with solar-plus-storage systems. Acquired by Shell, it represents a more established peer-to-peer energy community with similar prosumer value proposition.

Broad incumbents

• Sunrun: Sunrun is the largest US residential solar installer with virtual power plant capabilities aggregating home batteries. While not a direct P2P marketplace, it is a broad incumbent in the residential solar + storage + grid services space that Power2Peer's prosumers interact with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/powertopeer
• YouTubeyoutube.com/channel/UCTUAFL1keXQf2UKTWMavZfg
• Facebookfacebook.com/PowertoPeer
• LinkedInlinkedin.com/company/power2peer
• Instagraminstagram.com/power2peer

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors3 records

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 Power2Peer