What Chariot Energy does

Chariot Energy is a Texas-based retail electricity provider (legal entity: 174 Power Global Retail Texas, LLC, PUCT Certificate No. 10260) operating as the U.S. retail electricity arm of South Korea's Hanwha Group, under the Hanwha Energy USA Holdings Corporation umbrella alongside 174 Power Global (generation) and QCELLS (solar/battery technology). The company sells 100% renewable electricity plans to residential and commercial customers in the deregulated ERCOT market and is expanding commercial broker activity into the PJM Interconnection.

The product portfolio spans a broad residential plan menu — fixed-rate (12-36 month), time-of-use variants (Free Nights 11PM-6AM, Free Days 10AM-4PM, Free Weekends, EV Charging plans), bill credit tiers (GridSaver, GridMax, GridEdge), and four solar buyback tiers (Shine up to 25¢/kWh real-time, PowerBank 3¢, GreenVolt 7¢, Rise 1:1) — supported by Renewable Energy Certificates. The commercial and grid services offerings are anchored by BlueWaters, an internally developed AI-driven trading and pricing platform used for customized C&I contracts (data centers, manufacturing, retail), and by Grid Services market participation.

Revenue is generated through per-kWh retail electricity charges, contracted C&I rates, VPP bill credits, and grid services revenue, distributed via digital self-serve enrollment, phone sales (855-524-2746), a dedicated broker desk (832-397-6068), and SEO-optimized city landing pages across 30+ Texas markets. The company's differentiators are its Hanwha Group backing, 100% renewable supply, diversified plan architecture, and emerging VPP ecosystem aggregating distributed home batteries across Qcells and a growing list of approved battery vendors.

Name

Chariot Energy

Legal name

174 Power Global Retail Texas, LLC

Website

https://chariotenergy.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Chariot Energy is a Texas-based retail electricity provider offering 100% renewable residential and commercial plans across ERCOT and PJM markets, supported by the BlueWaters AI trading platform, solar buyback programs, and a virtual power plant aggregating home batteries.

Ownership category

akta.pro rank

NAICS

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

akta.pro primary industry

Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)

akta.pro secondary industry

Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF)

Keywords

• Retail electricity provider
• Residential electricity plans
• Commercial electricity plans
• Solar buyback programs
• Renewable energy certificates

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Electricity Plans: Subscription-based electricity plans for residential customers in Texas deregulated markets. Plans include fixed-rate, time-of-use (Free Nights, Free Days, Free Weekends), bill credit, and EV charging options. Revenue generated through monthly electricity charges based on kWh consumption.
2. Commercial Electricity Plans: Customized electricity solutions for businesses ranging from small commercial to large industrial operations. Revenue generated through contracted electricity rates, potentially with usage-based components for high-consumption facilities.
3. Solar Buyback Programs: Programs allowing solar panel owners to sell excess electricity back to the grid. Plans include Shine (real-time market rates up to 25¢/kWh), PowerBank (fixed 3¢/kWh), GreenVolt (fixed 7¢/kWh), and Rise (1:1 fixed rate). Revenue impact through reduced net consumption.
4. Battery Rewards Program: Month-to-month add-on service where customers allow remote management of their battery systems for grid support. Customers earn $40-$60 monthly bill credits while supporting virtual power plant operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Chariot Energy is a Texas retail electricity provider selling 100% renewable electricity plans to residential and commercial customers in ERCOT and PJM deregulated markets. Its product portfolio includes fixed-rate, time-of-use (Free Nights/Days/Weekends), bill credit, EV charging, and solar buyback plans for homes, plus AI-powered commercial and industrial solutions via its proprietary BlueWaters platform, complemented by a Battery Rewards/Virtual Power Plant program and grid services bridging producers, grid operators, and wholesale markets.

Product overview

Chariot Energy is a Texas-based retail electricity provider operating across ERCOT and PJM markets, offering a portfolio of residential and commercial electricity plans backed by 100% renewable energy. The core offering comprises Residential Electricity Plans (including Free Nights, Free Days, Free Weekends, Fixed Rate, and Bill Credit plans) and Commercial & Industrial Electricity Plans powered by the proprietary BlueWaters AI-driven trading and pricing platform. The product line spans standard electricity plans for homes and businesses, specialized plans for EV owners and solar panel owners (Shine, PowerBank, GreenVolt, Rise solar buyback programs), a Battery Rewards Program enabling Virtual Power Plant participation, and dedicated solutions for datacenters, hyperscalers, and greenfield development. All plans are anchored by renewable energy certificates and supported by grid services using AI trading capabilities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Earn up to $60 monthly bill credit through Battery Rewards Program
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and major.

• Hanwha Energy USAcoreStrategic or Co-development PartnerParent company subsidiary overseeing U.S. energy operations including Chariot Energy retail operations. Hanwha Energy USA Holdings Corporation (HEUH) manages strategic expansion into U.S. power generation, leveraging established expertise in flexible thermal power to serve growing electricity demand.
• 174 Power GlobalcoreStrategic or Co-development PartnerRelated Hanwha Group company operating in U.S. energy sector. 174 Power Global and Chariot Energy are part of the same Hanwha Energy U.S. platform, with 174 Power Global focused on power generation assets.
• QCELLScoreStrategic or Co-development PartnerHanwha Group solar technology company. QCELLS and Chariot Energy collaborate on solar and battery solutions, with QCELLS batteries being the approved battery option for Chariot's Battery Rewards and Fusion Programs.
• Broker Partners (Energy Brokers, Consultants, Aggregators)majorChannel Partner/ Reseller/ DistributorLicensed energy brokers, consultants, and aggregators who resell Chariot Energy electricity plans to residential, small business, and large commercial customers across Texas and PJM markets. Partners receive competitive pricing, marketing resources, training, and commission processing.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Reliant Energy: Major NRG-owned Texas REP offering residential and business plans plus smart-home/energy add-ons, an established competitor across ERCOT.
• TXU Energy: Largest Texas retail electricity provider (Vistra) with millions of accounts; a broad incumbent competing for the same residential/commercial ERCOT customers as Chariot.
• Constellation Energy: Large national retail electricity supplier serving residential and C&I customers with clean-energy and generation-backed offerings, overlapping Chariot's commercial and grid-services scope.

Direct peers

• Green Mountain Energy: One of the longest-running renewable-focused REPs in Texas, competing directly on 100% clean electricity plans for homes and businesses.
• Rhythm Energy: Houston-based 100% renewable retail electricity provider serving Texas/ERCOT residential customers with solar buyback and flexible plans, mirroring Chariot's core model and geography.
• Gexa Energy: Texas green retail electricity provider (NextEra-owned) offering 100% renewable residential/commercial plans across ERCOT, overlapping Chariot's product and market.
• Octopus Energy: Tech-driven clean-energy retailer with US operations combining renewable supply, flexible tariffs, and smart/VPP software—closely aligned with Chariot's AI-plus-retail thesis.
• Just Energy: Multi-state retail energy provider offering fixed/variable and green plans plus energy programs, competing in deregulated markets including Texas.

Emerging players

• David Energy: Software-first retail energy provider building a virtual power plant across distributed assets, directly comparable to Chariot's Battery Rewards/VPP and grid-services ambitions.
• Tesla Electric: Retail electricity plus Powerwall-based virtual power plant offering in Texas, competing with Chariot's battery aggregation and VPP grid-services model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCID6tbDzspsDFJ3OR9XndUA
• Facebookfacebook.com/chariotenergy
• Instagraminstagram.com/chariotenergy
• Xx.com/chariotenergy

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Chariot Energy