Eliq
Eliq is a Swedish B2B SaaS company that turns energy data into customer-facing insights and operational intelligence for utilities, banks, and smart-home providers across 15 European countries, serving 10 million+ contracted end users through 30+ partner integrations.
- Company typePrivate
- Founded2016
- HeadquartersGöteborg, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Eliq does
Eliq is a Swedish software company that operates an open energy data platform for utilities, banks, and smart-home providers across Europe. Its platform ingests and processes 80+ billion energy data points and uses machine learning to deliver customer-facing insights (Energy Insights), utility-facing operational intelligence (Energy Intelligence), and a recently launched SME-focused product (Energy Insights B2B). Core capabilities include Energy Usage Categories (consumption disaggregation without additional hardware), Similar Homes benchmarking, Anomaly Alerts, personalised energy-saving recommendations, forecasting, and price-optimised EV Smart Charging; these are exposed to partners via REST APIs, a JavaScript SDK, and fully white-labeled mobile and web applications.
Eliq's go-to-market is B2B SaaS delivered through three reinforcing motions: an enterprise field-sales team targeting utilities across 15 European countries, an API-first integration model letting banks and partners embed insights into their own apps, and channel partnerships that drive distribution via companies such as Schneider Electric, E.ON (Essent), KBC, and Mastercard. The platform reaches more than 10 million contracted end users through 30+ customers, with logos including Essent (2.5M households), KBC (1.9M banking customers), CKW, ENTEGA, Jersey Electricity, Lumme Energia, Ignitis, Gudbrandsdal Energi, and ekWateur.
The business model is subscription-based B2B SaaS with usage-based API components; pricing is quote-based and not publicly disclosed. Eliq is privately held, has raised approximately €19 million across multiple rounds (notable investors include Inven Capital, Contrarian Ventures, Axpo, Valkea/Fortum, and Volvo Cars Tech Fund), and operates from Gothenburg (HQ), London, and Vilnius with 51-100 employees.
Eliq firmographics
Firmographics- Name
- Eliq
- Legal name
- Eliq AB
- Website
- https://eliq.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Eliq is a Swedish B2B SaaS company that turns energy data into customer-facing insights and operational intelligence for utilities, banks, and smart-home providers across 15 European countries, serving 10 million+ contracted end users through 30+ partner integrations.
- Ownership category
- akta.pro rank
Eliq industry classification
Industry- Product category
- Energy Data Analytics Software
- NAICS
- Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights) (HDAEAMAD)
- akta.pro secondary industries
- Embedded & OEM Analytics (HDAEAMAC), Data Analytics & Business Intelligence Services (BPAHALAC), API Analytics, Monetization & Developer Experience Tooling (HDAEAIAJ)
Keywords
Where Eliq is headquartered
LocationHeadquarters
- HQ city
- Göteborg
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Eliq business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Platform Licensing: B2B SaaS licensing model where utilities, banks, and smart home providers pay to access the Eliq energy insights platform via APIs, SDKs, or white-label applications. Revenue generated through platform subscriptions and API usage.
- API Usage Fees: Usage-based revenue from API calls and data processing for partners integrating Eliq's energy data platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform access |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Eliq product offering
Product offeringCore offering
Eliq operates an open energy data SaaS platform that converts raw smart-meter and home energy data into clear insights, forecasts, anomaly alerts, and personalized saving advice. It is sold to utilities, banks, and smart-home providers via APIs, JavaScript Web Components, and fully white-labeled applications, enabling both customer-facing engagement and utility-facing operational intelligence from a single platform.
Product overview
Eliq offers a unified SaaS platform called the Energy Intelligence Platform for home energy management. The platform consists of three core products: Energy Insights (customer-facing energy use visualization for utilities), Energy Intelligence (utility-facing operational intelligence), and Energy Insights B2B (SME-focused energy management). Additional delivery mechanisms include API Delivery, Web Components SDK, and White-label Applications for partners. Key features include Energy Usage Categories, Similar Homes comparison, Energy Advisor personalized recommendations, Anomaly Alerts, and Smart Charging for EVs. The platform processes 80+ billion energy data points and serves energy retailers and utilities across 15 European countries.
Differentiator
Problem solved
Functional benefit
Brands
- Energy Insights: A platform feature that helps utilities engage energy users with clear, actionable views of energy use to reduce churn and support regulatory requirements.
- Energy Intelligence
- Energy Insights B2B
- Home Energy Transition Platform
Products and services
- Energy Insights Customer-facing product that helps utilities engage energy users with clear, actionable views of energy use, combining personalized insights with utility intelligence to support lower churn, fewer service contacts, and regulatory transparency requirements.
- Energy Intelligence Utility-facing product providing internal teams with visibility and context to act on energy data across service, operations, and growth functions, on top of the same Eliq platform data foundation.
- Energy Insights B2B SME-focused energy insights product that enables energy suppliers to turn business consumption data into actionable insights for SME customers, including Business Profile, Portfolio View, Disaggregation, Advise, Budget, Usage and forecasts, Monthly Insights Report, and Notifications.
- Eliq API Platform REST API providing programmatic access to energy data, forecasts, disaggregation, and insights, designed to integrate with existing systems, data pipelines, and customer-facing applications via documented endpoints and a developer sandbox.
- Web Components SDK Pre-built JavaScript UI components for usage, forecasts, insights, and reports that partners can drop into existing apps or websites to deliver energy functionality without building it from scratch.
- White-label Energy Insights Applications Fully built mobile and web applications including energy insights, forecasting, alerts, and reports, configured to partner branding and deployed as co-branded or white-label solutions such as MyJE, CKW Energy Tracker, and ENTEGA Cockpit.
Quantifiable outcome
- Household energy savings up to 9%
- +4 more outcomes
Companies that use Eliq
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Eliq technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability6 records
Feature12 records
Eliq partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and flagship.
- Gudbrandsdal EnergicoreNorwegian utility extending residential insights success (70% customer engagement) to SME segment with Business Energy Insights including EUC and Advice features.
- EmulatecoreSwedish HEMS company providing smart charging optimization integrated into ENTEGA Cockpit app. Specialises in optimizing EV and flexible appliance charging based on electricity prices.
- Volvo CarsflagshipStrategic investment and collaboration to make home energy services available to Volvo Cars customers. Aims to create home energy ecosystem working with flexible assets including EVs.
- Essent (E.ON)flagshipDutch operating entity of E.ON integrated Eliq Insights API for 2.5 million households. Provides similar home comparisons, consumption breakdown, and personalised saving tips.
- ENTEGA / Energy Market Solutions (EMS)flagshipJoint development of ENTEGA Cockpit app for dynamic green electricity tariff in Germany. Enables household customers with/without smart meters to control consumption and costs.
- CKWflagshipLeading Swiss energy provider launched CKW Energy Tracker app with Eliq. Test group showed 3-5% electricity savings within weeks, 8% average after months.
- KBCflagshipLeading European banking group integrated Eliq's Energy Insights API into KBC Mobile app serving 1.9M+ customers. Enables Belgian customers to monitor home energy and compare with neighbours.
- Schneider ElectricflagshipGlobal leader in digital transformation of energy management. Partnership to give European homeowners access to real-time energy monitoring and personalised insights, combining Schneider's smart energy management with Eliq's analytics.
- ekWateurcoreFrench renewable energy supplier integrated Eliq APIs for customers to track consumption, emissions, and compare with other French households.
- IgnitiscoreLithuania's largest electricity and gas supplier integrated Eliq solution for mobile app providing consumption and production data insights.
- Lumme EnergiacoreFinland's fastest-growing energy supplier (300,000+ customers) integrated Eliq's Energy Insights API with Energy Usage Categories and Forecasting features.
- E (Energy Company)coreUK energy supplier (300,000+ customers) launched PAYG mobile app with Eliq providing smart insights, anomaly alerts, and AI-based guidance.
- Jersey ElectricitycoreSole electricity provider for Jersey partnered with Eliq for MyJE app with smart/real-time data, consumption tracking, and budget control for 50,000 customers.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Eliq competitors and assessment
Company assessmentDirect peers
- Uplight: Uplight is a US-headquartered energy customer engagement and energy transition platform serving utilities with personalized insights, marketplaces, and demand-flexibility programs—the closest direct competitor to Eliq's utility-facing Energy Insights and Energy Intelligence products, though at much larger scale.
- Enode: Enode is an API-first energy data and device-management platform that connects utilities, OEMs, and energy apps to EVs, solar, batteries, and smart thermostats—a direct peer in the API-first, OEM-utility interoperability layer where Eliq competes for the same integration contracts.
- Bidgely: Bidgely offers AI-powered energy disaggregation, appliance-level insights, and personalized recommendations for utilities globally—the most direct technological analog to Eliq's Energy Usage Categories and Similar Homes features, with deeper US/Asia utility penetration.
- Sense: Sense provides a home energy monitor with ML-based device detection and consumer-facing insights, overlapping with Eliq's household-level analytics, anomaly detection, and energy advisor features, though Sense leans more consumer/hardware-direct.
Broad incumbents
- Itron: Itron provides smart meter, grid analytics, and utility IoT solutions including customer-facing energy usage applications—an incumbent competitor that bundles metering infrastructure with consumption analytics, raising procurement and integration competition for Eliq.
- Schneider Electric: Schneider Electric is a global energy management and automation incumbent that partners with Eliq for consumer-facing insights but also has its own EcoStruxure platform offering overlapping energy data and home energy management capabilities at much larger scale.
Emerging players
- Smappee: Smappee offers smart energy monitoring hardware and software for households and SMEs, including solar, EV charging, and appliance-level insights—an overlapping product portfolio for residential and SME energy management with hardware emphasis.
- Tibber: Tibber is a European digital energy retailer offering dynamic tariffs and smart-home energy management to consumers; while primarily a retailer, its in-house energy insights app competes with Eliq's white-label consumer experience across the Nordics and DACH.
- Grid4C: Grid4C delivers AI-based energy analytics for utilities covering consumption prediction, appliance disaggregation, and anomaly detection—an overlapping capability set with Eliq's predictive analytics, though Grid4C focuses more on grid operations than customer engagement.
- ev.energy: ev.energy provides smart EV charging optimization for utilities and consumers, directly comparable to Eliq's Smart Charging feature and a natural adjacency for Eliq's EV-related utility integrations (Volvo, ENTEGA/Emulate).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Eliq social profiles
Digital presenceEliq financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eliq leadership team
Management profileNumber of profiles
Profiles10 records
Eliq funding detail
Funding detailFunding overview
Funding rounds6 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eliq 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 Eliq
What does Eliq do?
Eliq operates an open energy data SaaS platform that converts raw smart-meter and home energy data into clear insights, forecasts, anomaly alerts, and personalized saving advice. It is sold to utilities, banks, and smart-home providers via APIs, JavaScript Web Components, and fully white-labeled applications, enabling both customer-facing engagement and utility-facing operational intelligence from a single platform.
Is Eliq a public or private company?
Eliq is a private company. It is classified as venture growth investor backed and is currently operating.
When was Eliq founded?
Eliq was founded in 2016. It employs 51 to 100 people.
Where is Eliq based?
Eliq is headquartered in Göteborg, Sweden, in the Europe region.
How does Eliq make money?
Two revenue lines are on record. SaaS Platform Licensing is the primary driver. The others are API Usage Fees.
Who are Eliq's main competitors?
Direct peers on record are Uplight, Enode, Bidgely and Sense. Broad incumbents are Itron and Schneider Electric. Emerging players are Smappee, Tibber, Grid4C and ev.energy.
Does Eliq have an API?
Yes. The Eliq API provides access to energy data, forecasts, disaggregation, and insights. It is designed to integrate with existing systems, data pipelines, and customer-facing applications. Developers can access the API through the Developer Portal at https://developer.eliq.com/ which includes documentation, guides, sample implementations, and a sandbox environment for testing. Developer documentation is at developer.eliq.com.
What industry is Eliq in?
Eliq's product category is Energy Data Analytics Software. Its primary akta.pro industry code is HDAEAMAD, Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights), with a secondary code of HDAEAMAC, Embedded & OEM Analytics. Its NAICS code is 5132 and its SIC code is 7370.