Renew Home
- Company typePrivate
- Founded2024
- HeadquartersOakland, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
Renew Home firmographics
Firmographics- Name
- Renew Home
- Legal name
- Renew Home, LLC
- Website
- https://renewhome.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Renew Home industry classification
Industry- Product category
- Virtual Power Plant Platform
- akta.pro primary industry
- Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA)
- akta.pro secondary industries
- Residential Demand Response (Smart Thermostats, HVAC, Water Heating, Home Batteries) (EUAFAGAA), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), Utility-Scale VPPs & Grid Services Aggregation (Capacity, Frequency, Reserves) (EUAFAHAD)
Keywords
Where Renew Home is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Renew Home business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- VPP Capacity Aggregation: Aggregates residential distributed energy resources and sells capacity to utilities, grid operators, and hyperscalers. Revenue from capacity payments, demand response event payments, and grid services fees.
- Demand Response Services: Operates demand response programs (Rush Hour Rewards) for energy providers. Energy providers pay for access to enrolled customer base and grid relief during peak events.
- Platform Licensing: Provides home energy management platform technology to device manufacturers and energy providers, enabling energy features in smart home experiences.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Renew Home product offering
Product offeringCore offering
Renew Home operates a home energy management and virtual power plant platform that aggregates distributed energy resources (smart thermostats, home batteries, water heaters, EVs) from millions of residential households into dispatchable grid capacity. It sells VPP capacity, demand response services, and platform licensing to utilities, energy providers, DERMS operators, and hyperscalers, while offering consumers automated energy savings, rewards, and insights through partnerships with device manufacturers such as Google Nest, Rheem, and Vivint.
Product overview
Renew Home is a home energy management platform that operates as a virtual power plant aggregator. The platform connects to smart devices (thermostats, water heaters, home batteries, EVs) through partnerships with Google Nest, Vivint, Rheem, Tesla, and Sunrun. The core product is the Renew Home VPP platform, which combines with Rush Hour Rewards (demand response) and Energy Shift Capacity (personalized energy adjustments) to deliver grid flexibility. Nest Renew provides the consumer-facing web app experience for Nest users. The company serves energy providers seeking cost-effective grid capacity and households seeking energy savings and rewards.
Differentiator
Problem solved
Functional benefit
Brands
- Rush Hour Rewards: A leading demand response program operated for Google Nest users that enables households to earn rewards for reducing energy use during peak demand periods.
- Energy Shift
- Energy Shift Capacity (ESC)
- Nest Renew
Products and services
- Renew Home VPP Platform Core virtual power plant platform that aggregates millions of residential smart devices (thermostats, batteries, water heaters) into dispatchable grid capacity for energy providers and hyperscalers. Provides enrollment integration, personalized energy shifting, capacity forecasting, measurement & verification, and DERMS API integration.
- Rush Hour Rewards Demand Response Demand response solution operating on Nest and Vivint smart thermostats that enables energy providers to dispatch automated peak-saving events when grid demand is high. Customers earn rewards for participation while maintaining control with opt-out capability. Includes API access for DERMS integration, customer enrollment management, event scheduling, and measurement & verification.
- Energy Shift Capacity (ESC) Flexible capacity resource activated by personalized household energy adjustments, delivering approximately 4 GW of nationwide capacity through 25 million energy shifts from enrolled thermostats during peak demand periods.
- Nest Renew Home energy management experience for Google Nest thermostat users, powered by Renew Home. Provides automated savings via Energy Shift, home energy insights via the Renew web app, and monthly Nest Renew emails.
Quantifiable outcome
- Up to 12% savings on heating bills and 15% on cooling bills for Nest thermostat users
- +5 more outcomes
Companies that use Renew Home
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Renew Home technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability4 records
Feature5 records
Renew Home partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, minor and core.
- TeslaflagshipThree-way partnership to deliver 16 GW of flexible energy capacity to hyperscalers and utilities. Tesla contributes Powerwall home batteries and vehicle-to-grid capabilities. Combined network of home batteries and smart thermostats creates largest distributed power plant in the US. 300+ MW immediately available in Virginia's Data Center Alley.
- SunrunflagshipThree-way partnership to deliver 16 GW of flexible energy capacity to hyperscalers and utilities. Sunrun contributes home battery systems and rooftop solar. Combined with Tesla and Renew Home creates nation's largest distributed power plant capable of supporting 17 large data centers.
- Utilize CoalitionminorIndustry coalition with Google, Tesla, Carrier, Sparkfund, SPAN, and Verrus to promote policies increasing utilization of existing US electricity grid infrastructure. Targets grid utilization rates as low as 18% and over 2,000 GW stalled in interconnection queues.
- Google NestcoreGoogle chose Renew Home to power sophisticated energy experiences for millions of Nest thermostat customers. Renew Home powers the Nest Renew experience including Energy Shift automation, home energy insights via the Renew web app, and monthly Nest Renew emails. Renew Home operates Rush Hour Rewards, Nest's demand response program enabling energy providers to invite customers to peak energy events.
- NRG EnergycorePartnership to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP in Texas. NRG offers Vivint and Nest smart thermostats with professional installation at no cost to eligible customers. 1 GW capacity equivalent to 200,000 homes during peak demand.
- RheemcorePartnership to unlock gigawatts of peak load from heat pump water heaters across the US. Nearly 16 GW of VPP potential from smart water heaters by 2030. Leverages smart automation to ensure water heaters contribute to grid flexibility without impacting household comfort.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Renew Home competitors and assessment
Company assessmentEmerging players
- GridPoint: GridPoint provides DERMS-adjacent energy management for C&I and increasingly residential customers, with an IoT hardware and software stack that overlaps with Renew Home's device-aggregation platform.
- Bidgely: Bidgely provides AI-driven energy disaggregation and customer engagement utilities, competing for the same utility personalization and behavioral demand-side management budgets as Renew Home's Energy Shift product.
- Span: Span makes smart electrical panels that enable home DER management and is part of the Utilize Coalition with Renew Home, representing a complementary smart-home-electrification ecosystem play rather than a direct VPP competitor.
Broad incumbents
- AutoGrid (Schneider Electric): AutoGrid, acquired by Schneider Electric, provides a DERMS and VPP platform for utilities and energy retailers, offering overlapping residential and C&I aggregation capabilities as part of Schneider's broader energy management portfolio.
- Sunrun: Sunrun is a flagship Renew Home partner and also operates its own residential solar-plus-storage business with VPP capabilities (e.g., California SGIP, Massachusetts ConnectedSolutions), making it both a collaborator and potential competitor in residential DER aggregation.
- Tesla Energy: Tesla is a flagship Renew Home partner via the 16 GW three-way deal and also operates its own VPP aggregating Powerwall and Solar Roof customers into Tesla's Virtual Power Plant, with substantial overlap in the data center capacity market.
Direct peers
- EnergyHub: EnergyHub provides a DERMS platform that utilities use to manage residential and C&I DERs, including thermostats, water heaters, EVs, and batteries — directly competitive with Renew Home's VPP and DR platform offering to energy providers.
- Uplight: Uplight offers an energy customer engagement and DER management platform sold to utilities for DR programs, behavioral energy efficiency, and VPP orchestration, competing for the same utility budget as Renew Home.
- Leap: Leap operates a residential VPP marketplace that partners with smart device manufacturers to enroll households in utility DR programs, directly competing with Renew Home for residential demand response and VPP capacity.
- Voltus: Voltus is a direct VPP competitor that aggregates commercial and industrial DERs to sell capacity, DR, and grid services to utilities and grid operators, overlapping with Renew Home's B2B capacity aggregation business model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Renew Home social profiles
Digital presenceRenew Home financial estimates
Financial estimateRevenue estimate
Valuation estimate
Renew Home leadership team
Management profileNumber of profiles
Profiles8 records
Renew Home subsidiaries and ownership
Company hierarchySubsidiaries1 record
Renew Home funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Renew Home 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 Renew Home
What does Renew Home do?
Renew Home operates a home energy management and virtual power plant platform that aggregates distributed energy resources (smart thermostats, home batteries, water heaters, EVs) from millions of residential households into dispatchable grid capacity. It sells VPP capacity, demand response services, and platform licensing to utilities, energy providers, DERMS operators, and hyperscalers, while offering consumers automated energy savings, rewards, and insights through partnerships with device manufacturers such as Google Nest, Rheem, and Vivint.
Is Renew Home a public or private company?
Renew Home is a private company. It is classified as private equity controlled and is currently operating.
When was Renew Home founded?
Renew Home was founded in 2024. It employs 101 to 250 people.
Where is Renew Home based?
Renew Home is headquartered in Oakland, United States, in the North America region.
How does Renew Home make money?
Three revenue lines are on record. VPP Capacity Aggregation is the primary driver. The others are demand Response Services and platform Licensing.
Who are Renew Home's main competitors?
Emerging players on record are GridPoint, Bidgely and Span. Broad incumbents are AutoGrid (Schneider Electric), Sunrun and Tesla Energy. Direct peers are EnergyHub, Uplight, Leap and Voltus.
Does Renew Home have an API?
Yes. Renew Home provides an API that DERMS (Distribution Energy Resource Management System) partners and energy providers use to manage customer enrollments, schedule and report on events, and integrate into grid DERMS control panels and other load management tools.
What industry is Renew Home in?
Renew Home's product category is Virtual Power Plant Platform. Its primary akta.pro industry code is EUAFAHAA, Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community), with a secondary code of EUAFAGAA, Residential Demand Response (Smart Thermostats, HVAC, Water Heating, Home Batteries).