PowerTakeOff

What PowerTakeOff does

Power TakeOff is a Boulder, Colorado-headquartered energy data and software company founded in 2007 that operates a B2B2C model in the utility demand-side management (DSM) channel. It contracts with investor-owned utilities — over 30 across North America including Xcel Energy, ComEd, Baltimore Gas and Electric, Duke Energy, Ameren, PSEG, and Alliant — to deliver energy efficiency programs to small and medium-sized commercial buildings using Advanced Metering Infrastructure (AMI) interval data rather than on-site audits. End-user building operators receive the programs at no cost because utilities fund them out of DSM portfolios.

The core technology stack is the Utility Intelligence Platform (UIP), a SaaS platform that ingests AMI interval data from 2.5 million+ meters daily and applies predictive modeling to identify and prioritize customers for engagement. Adjacent products include Virtual Commissioning (VCx) — the company's flagship SMB program delivering an average 15% annual energy reduction — Virtual Strategic Energy Management (vSEM) for deeper sustained savings at larger facilities, Verify Advanced M&V for IPMVP Option C measurement and verification with drift detection, Real-Time Monitoring via cellular sensors, Building Benchmarking, and Energy Reports.

Revenue is generated through multi-year utility program contracts (managed services), software platform licensing (subscription), and M&V services. Go-to-market combines direct field sales to utility program managers and key account managers, an inside-sales motion using Salesforce and Outreach.io to convert SMB prospects, and direct engagement with national portfolio accounts such as retail chains, REITs, and public institutions including Chicago Public Schools. Power TakeOff has been PE-backed since October 2023, when Nuveen's Private Equity Impact team and Lime Rock New Energy acquired the company alongside management.

Name

PowerTakeOff

Legal name

Power TakeOff, Inc.

Website

https://powertakeoff.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Power TakeOff is a PE-backed software and services company that contracts with 30+ North American utilities to deliver AMI-data-driven energy efficiency programs to small and medium-sized commercial buildings through its Utility Intelligence Platform.

Ownership category

akta.pro rank

Product category

Energy Efficiency Software & Services

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Customer Energy Engagement (In-Home Displays, Portals, Usage Insights) (EUADAFAH)

akta.pro secondary industry

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

Keywords

• Energy efficiency software
• Utility demand-side management
• Measurement and verification
• AMI data analytics
• Virtual commissioning services

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Utility Program Contracts: Power TakeOff generates revenue by contracting with utilities to deliver energy efficiency programs (VCx, vSEM) to their commercial and industrial customers. Utilities fund these programs as part of their demand-side management (DSM) portfolio obligations. Programs are delivered at no cost to end-user building operators.
2. Software Platform Licensing: The Utility Intelligence Platform® software product is licensed to utilities for customer engagement and program management, providing analytics, reporting, and prospecting tools.
3. M&V Services: Verify™ Advanced M&V services provided to utilities and ESCOs for measurement and verification of energy savings, compliant with IPMVP and NMEC standards.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Power TakeOff delivers data-driven energy efficiency software and managed services to utilities, enabling them to identify savings opportunities and deliver programs to commercial and SMB building operators. Its Utility Intelligence Platform® ingests AMI meter data and powers Virtual Commissioning® (VCx), Virtual Strategic Energy Management® (vSEM), Verify™ Advanced M&V, Real-Time Monitoring, Building Benchmarking, and Energy Reports — all funded by utilities and delivered to end users at no cost.

Product overview

Power TakeOff offers a suite of software-enabled energy efficiency services built around its Utility Intelligence Platform® (UIP), an integrated SaaS platform that ingests AMI data from over 2.5 million meters daily. The core offerings include Virtual Commissioning® (VCx®) for mass-market SMB energy savings with an average 15% reduction, Virtual Strategic Energy Management® (vSEM®) for deeper sustained savings at larger facilities, and Verify™ Advanced M&V for IPMVP-compliant measurement and verification. Supporting modules include Real-Time Monitoring for cellular minute-by-minute visibility, Building Benchmarking for compliance tracking, and Energy Reports for customized customer insights. All solutions leverage the UIP's predictive modeling capabilities to target and engage customers without requiring site visits or capital investment.

Differentiator

Problem solved

Functional benefit

Brands

• Virtual Commissioning (VCx): Energy efficiency program pioneered by Power TakeOff that helps utilities capitalize on AMI investment by virtually commissioning buildings through remote analytics.
• Utility Intelligence Platform (UIP)
• vSEM (Virtual Strategic Energy Management)
• Verify (Advanced M&V)
• Energy Analyzer Platform

Products and services

• Utility Intelligence Platform® (UIP) Integrated SaaS platform combining AMI data, predictive modeling, and configurable applications that helps utilities target and advise customer segments, driving energy savings, demand flexibility, and grid intelligence with no capital costs.
• Virtual Commissioning® (VCx®) Mass-market SMB energy efficiency program using remote AMI analytics to virtually commission buildings, guiding customers through no-cost operational fixes that deliver an average 15% annual energy reduction.
• Verify™ Advanced M&V Automated measurement and verification platform built on IPMVP Option C methods, providing real-time savings detection, drift alerts, and scalable M&V modeling across entire portfolios.
• Virtual Strategic Energy Management® (vSEM®) Year-long coach-led virtual energy management program for large facilities, integrating strategic operational and behavioral changes to achieve sustained long-term energy reductions.
• Real-Time Monitoring Minute-by-minute cellular monitoring services for energy, environmental conditions, equipment performance, and process efficiency, enabling demand response participation and M&V for prescriptive measures.
• Building Benchmarking Portfolio-wide benchmarking service using AMI data and advanced analytics to support Clean Building Performance Standards compliance, portfolio risk mitigation, and decarbonization tracking.
• Energy Reports Customized interval meter data analysis generating usage trends, efficiency indicators, and customer-specific insights to drive DSM program participation.

Quantifiable outcome

• 15% average annual energy reduction per VCx participant
• +7 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Baltimore Gas and Electric (BGE)coreChannel Partner/ Reseller/ DistributorUtility partner delivering VCx energy efficiency program to commercial and institutional customers in their service territory.
• ComEdcoreChannel Partner/ Reseller/ DistributorComEd partnered with Power TakeOff for VCx program pilot in 2020 that scaled to 35 utilities by 2026. Also partnered on Chicago Public Schools real-time monitoring program.
• Xcel EnergycoreChannel Partner/ Reseller/ DistributorXcel Energy was the first utility partner, collaborating on the Energy Intelligence Software that became Power TakeOff's first product in 2007. Also conducted energy reports pilot proving 30% conversion rate.
• Alliant EnergycoreChannel Partner/ Reseller/ DistributorUtility partner in the Midwest delivering Power TakeOff's energy efficiency programs.
• Ameren IllinoiscoreChannel Partner/ Reseller/ DistributorMajor Illinois utility partner delivering VCx and other DSM programs.
• Duke EnergycoreChannel Partner/ Reseller/ DistributorMajor multi-state utility partner (Duke Energy Progress, Duke Energy Indiana) delivering Power TakeOff programs.
• PSEGcoreChannel Partner/ Reseller/ DistributorNew Jersey utility partner delivering energy efficiency programs.
• Midwest Energy Efficiency Alliance (MEEA)minorStrategic or Co-development PartnerIndustry association partner for energy efficiency in the Midwest region.
• Association of Energy Engineers (AEE)minorStrategic or Co-development PartnerIndustry association partner for energy engineering and efficiency professionals.
• Utility DiveminorGTM or Marketing PartnerIndustry publication where Power TakeOff's Director of Regulatory Policy co-authored op-ed on grid efficiency vs. new infrastructure investment.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Franklin Energy: Franklin Energy designs and implements energy efficiency and demand response programs for utilities, with strong Midwest presence. It directly competes with Power TakeOff for utility DSM implementation contracts, particularly with municipal and cooperative utilities.
• Uplight: Uplight provides a customer energy engagement and energy efficiency platform for utilities, including personalization, energy insights, and DSM program delivery. It is the most direct competitor to Power TakeOff's Utility Intelligence Platform and VCx offering, serving a similar utility customer base with overlapping SMB engagement capabilities.
• EnergyHub: EnergyHub provides a DER management platform for utilities, including demand response, energy efficiency, and customer engagement. It competes with Power TakeOff in the utility DSM software space, particularly for programs requiring interval meter data analytics and customer-facing energy insights.
• Resource Innovations: Resource Innovations is an energy efficiency and demand-side management consulting and program delivery firm serving utilities, states, and communities. It competes with Power TakeOff for utility DSM program contracts and M&V engagements, with complementary expertise in equity-centered program design.
• GridPoint: GridPoint offers a building energy management and submetering platform with energy analytics, equipment monitoring, and efficiency program enablement. It competes with Power TakeOff's Verify and Energy Analyzer offerings for C&I energy data analytics and M&V services.
• CLEAResult: CLEAResult is one of the largest North American energy efficiency program design and delivery firms, working with utilities on DSM portfolio management. It directly competes with Power TakeOff for utility program contracts, particularly in C&I and SMB segments, though with a heavier consulting/ implementation model.

Broad incumbents

• Schneider Electric: Schneider Electric offers the EcoStruxure platform and acquired AutoGrid for DER analytics and energy management. It competes with Power TakeOff across utility energy management, building efficiency, and grid edge analytics, with much broader product breadth and global reach.
• Honeywell: Honeywell's Building Technologies and Energy Management businesses provide building energy management systems, submetering, and sustainability software. It competes with Power TakeOff in C&I energy analytics, with a much larger installed base and broader HVAC/ building controls portfolio.
• ICF International: ICF provides energy efficiency program design, evaluation, and implementation services to utilities and government clients. It competes with Power TakeOff for utility M&V and program evaluation contracts, with deeper regulatory and policy advisory capabilities.
• Oracle Utilities (Opower): Oracle Utilities' Opower platform provides customer engagement, energy efficiency, and high-bill alerts for large utilities. It is a broad incumbent competitor with deeper integration into utility CIS systems and significantly larger resources than Power TakeOff.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/powertakeoff
• Xx.com/PowerTakeOffCo
• Facebookfacebook.com/PowerTakeOffEnergyInformationSystem

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 PowerTakeOff