EIPGRID
EIPGRID is a Seoul-based AI-powered energy management software provider serving utilities, grid operators, and large energy consumers with demand response, distributed energy resource management, and explainable virtual power plant platforms across eight countries.
- Company typePrivate
- Founded2010
- HeadquartersSeoul, South Korea
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What EIPGRID does
EIPGRID is a Seoul-headquartered energy technology company, spun off from I-ON Communications in 2022, that builds AI-powered platforms for demand response, distributed energy resource management, and virtual power plant orchestration. The company's core offering is the xVPP (Explainable Virtual Power Plant) platform, which merges VPP and Energy-as-a-Service capabilities and is built on Intertrust's XPN secure IoT technology for cybersecurity and device authentication. The product suite is organized into XaaS (PowerSight for energy data analytics, EnergySaver for electricity bill optimization) and X-EMS (EIP Platform, AMADEUS for community energy, DRMS, DERMS), all leveraging a proprietary Hybrid AI that combines machine learning with expert domain knowledge to deliver transparent, explainable energy decisions.
The company's technology stack supports OpenADR 2.0b communication, multi-protocol grid interfacing (ICCP/TASE.2), real-time battery cell-level monitoring across heterogeneous PMS manufacturers (Samsung SDI, LG Chem, SK Innovation), and automated balancing group creation for grid services. EIPGRID reports 2.9 GW of accumulated demand response capacity, 740 MWh of battery storage under management, 1.2 GWp of solar capacity, and 2,300+ sites managed globally across deployments in Korea, Thailand, Malaysia, Japan, the U.S., the U.K., Brazil, and Romania.
The business model combines recurring SaaS subscriptions (XaaS products), managed Energy-as-a-Service contracts, and project-based customization/integration revenue for utilities and grid operators. Go-to-market is enterprise field sales supplemented by channel partnerships (Eninvest for Eastern Europe, ISAAC Engineering/GES) and strategic technology alliances (Intertrust, Rainforest Automation, Electra Vehicles, SK E&S). The customer base spans utilities (KEPCO, Thailand MEA/PEA, TNB Research, TIS Japan), battery manufacturers, telecom operators, healthcare facilities, and commercial real estate.
EIPGRID firmographics
Firmographics- Name
- EIPGRID
- Legal name
- EIPGRID Inc.
- Website
- https://eipgrid.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EIPGRID is a Seoul-based AI-powered energy management software provider serving utilities, grid operators, and large energy consumers with demand response, distributed energy resource management, and explainable virtual power plant platforms across eight countries.
- Ownership category
- akta.pro rank
EIPGRID industry classification
Industry- Product category
- Energy Management Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- VPP Orchestration & Aggregator Operating Platforms (EUAFAKAC)
Keywords
Where EIPGRID is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
EIPGRID business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Energy Management Software Platform (SaaS): AI-powered energy management platform delivered as software service for utilities, aggregators, and communities to manage demand response, VPP, DER, and energy trading operations.
- Energy-as-a-Service (EaaS): Comprehensive energy management services where the company provides the technology platform and manages energy resources for clients, enabling them to participate in energy markets and optimize consumption.
- Project Customization and Integration: Customization of VPP platform for specific markets (Japan, Malaysia, Thailand) and integration services for local grid systems and utilities.
- X-as-a-Service Products: PowerSight (energy data analytics), EnergySaver (electricity bill optimization) offered as service products.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
EIPGRID product offering
Product offeringCore offering
EIPGRID develops and sells an AI-powered energy management software platform for demand response, virtual power plant (VPP) orchestration, and distributed energy resource management (DERMS). The platform is delivered as X-EMS modules (EIP Platform, DRMS, DERMS, AMADEUS) plus XaaS offerings (PowerSight for analytics, EnergySaver for bill optimization) under the xVPP ecosystem, targeting utilities, grid operators, telecom operators, load aggregators, and commercial/industrial energy users. Revenue is primarily recurring subscription-based SaaS and Energy-as-a-Service contracts, supplemented by project customization and integration services.
Product overview
EIPGRID offers an integrated suite of AI-powered energy management products organized under two main categories: XaaS (X-as-a-Service) and X-EMS (X-Energy Management System). The XaaS offerings include PowerSight for energy data analytics and reporting, and EnergySaver for electricity bill optimization. The X-EMS suite centers on the EIP Platform as the core VPP infrastructure, with specialized modules including AMADEUS for community energy management, DRMS for Demand Response Management, and DERMS for Distributed Energy Resource Management. The flagship xVPP platform unifies VPP and EaaS capabilities into a single ecosystem for energy resource orchestration. All products leverage proprietary Hybrid AI technology combining machine learning with expert knowledge for optimal DER management.
Differentiator
Problem solved
Functional benefit
Brands
- xVPP: Explainable Virtual Power Plant - An energy ecosystem merging VPP and Energy-as-a-Service for energy resource orchestration and independent, resilient, and decarbonized communities.
Products and services
- xVPP Explainable Virtual Power Plant platform that merges VPP and Energy-as-a-Service for energy resource orchestration and independent, resilient, and decarbonized communities. Uses Self-Demand-Response technology and is built on Intertrust's XPN secure IoT technology. Targeted at utilities, grid operators, telecom operators, load aggregators, and community energy managers.
- EIP Platform X-Energy Management System serving as the Virtual Power Plant platform for managing distributed energy resources, grid flexibility, and network management. Used by utility and grid operator clients such as TNB Research (Malaysia) for interfacing with ESS resources and the Malaysian Grid System Operator.
- DRMS Demand Response Management System with 12 years of DR experience, 2.9 GW accumulated DR capacity, and management of 2,300+ sites globally. Includes CBL calculations, RRMSE analysis, automated DR event management, and real-time reduction monitoring. First in Korea with OpenADR 2.0 a/b certification (2014).
- DERMS Distributed Energy Resource Management System for monetizing all distributed energy resources including battery storage, solar PV, and electric vehicles through AI-enhanced optimization and control with cell-level monitoring capabilities.
- AMADEUS AI-based community energy management and resource portfolio automation platform enabling market participants to maximize profits through Demand Response, Solar, Energy Storage, EV, and Micro-Grid business applications. Provides automated energy resource orchestration based on Self-Demand Response technology with AI-powered optimization and evidence-based decision making.
- PowerSight X-as-a-Service offering providing energy data analytics and reporting capabilities for comprehensive energy insights, including in-depth analysis, visualization, and reporting of costs, peak loads, and carbon intensity powered by generative AI (DARE engine).
- EnergySaver X-as-a-Service offering for electricity bill optimization through AI-driven energy management and demand response participation.
- Virtual Balancing Core Technology Portfolio and balancing process technology for energy management enabling comprehensive energy insights, cost savings, and decarbonization across the energy value chain, with built-in Intertrust XPN cybersecurity.
Quantifiable outcome
- 7% energy cost reduction achieved at hospital in Suncheon, Korea using AI-powered Self-Demand Response technology
- +5 more outcomes
Companies that use EIPGRID
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles6 records
EIPGRID technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature8 records
EIPGRID partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and strategic.
- Eninvest Holding Realto SRLcoreStrategic Partnership & Distributor Agreement signed at 'Global Green Hub Korea 2026'. Eninvest becomes exclusive distributor for PowerSight in Romania, bringing AI-driven energy management solutions to Eastern European markets. Partnership aimed at accelerating Energy AI adoption in Eastern Europe.
- Ecobell and ISAAC GESstrategicCollaboration connecting renewable energy infrastructure development, power operation, data verification (MRV), and carbon asset creation into a single value chain. Focuses on execution-driven model for carbon assetization beyond declarative partnerships.
- Electra VehiclesstrategicPartnership to embed Electra's AI-driven 'Brain for Batteries' into EIPGRID's modular platform for energy analysis, management, and optimization. Unlocks unprecedented optimization, predictability, and profitability across the energy value chain.
- ISAAC Engineering and ISAAC GESstrategicMoU for collaborative VPP-based regional energy business model. Integration of EIPGRID's VPP platform with ISAAC's smart factory technologies and ISAAC GES's renewable energy EPC/O&M expertise. Aims to establish self-sustaining energy models for local governments combining smart energy communities with industrial automation.
- IntertrustcoreStrategic technology partnership to develop xVPP - the world's first secure, scalable Virtual Power Plant system. Intertrust's XPN secure IoT technology integrates with EIPGRID's AI framework to provide end-to-end security, data governance, and device authentication for VPP operations. Partnership announced at Distributech International 2024 in Orlando, FL.
- Rainforest AutomationcoreJoint development of scalable EV charging management solution combining EIPGRID's DER management expertise with Rainforest's energy management software. Solution enables real-time monitoring and management of EV fleets, chargers, and energy storage across North America and globally. Cloud-based, AI-driven platform for efficient EV charging and grid stabilization.
- IntertrustcoreJoint development of Energy-as-a-Service system for telecommunications operators. Combines EIPGRID's VPP AI capabilities with Intertrust's XPN technology to deliver secure, vendor-agnostic energy management for telecom networks. Enables analysis of energy usage across multi-vendor equipment while reducing consumption and providing best electricity rates.
- TNB Research Sdn. Bhd. (TNBR)coreCollaboration on ESS-based VPP Business and Financial Models in Malaysia. EIPGRID provides VPP Platform, hardware (ESS: Battery + PCS/PMS) with SK E&S, and VPP business/financial models. Project demonstrates communication between EIP-based ICCP/TASE.2 and OADR Adapter for Malaysian Grid System Operator.
- Samsung SDI, LG Chem, SK InnovationstrategicBattery cell-level data monitoring project conducted in Korea with world's top-tier battery manufacturers. First track record globally in monitoring battery cell-level data in real time by aggregating ESS cell data in seconds from different battery types and PMS manufacturers. Monitored capacity approximately 180 MWh.
- SK E&SstrategicHardware partnership for ESS (Battery + PCS/PMS) supply in Malaysia VPP projects. Collaboration for delivering complete VPP solutions including hardware infrastructure.
Scale indicators11 records
Recent moves8 records
Expansion highlights7 records
EIPGRID competitors and assessment
Company assessmentEmerging players
- Tantalus Systems: Tantalus provides a smart-grid platform for municipal and cooperative utilities with DR, AMI, and DER visibility features, competing for the smaller utility segment EIPGRID targets in Asia.
Direct peers
- Uplight (formerly AutoGrid): Uplight acquired AutoGrid in 2022 and offers a VPP, DERMS, and DR platform to utilities and aggregators, directly overlapping with EIPGRID's xVPP/DRMS/DERMS stack and enterprise utility customer base.
- EnergyHub: EnergyHub provides a utility-facing DRMS and DERMS with OpenADR support, serving the same utility/aggregator customer profile as EIPGRID's DRMS product.
- Sunverge Energy: Sunverge offers a VPP platform that integrates distributed energy resources, storage, and demand response, directly comparable to EIPGRID's xVPP and DERMS offerings.
- Stem (Stem AI): Stem operates an AI-driven clean energy platform combining behind-the-meter storage with VPP aggregation, closely mirroring EIPGRID's AI-powered DER optimization and VPP orchestration.
- OATI: OATI provides smart grid, DRMS, and DERMS software to utilities and grid operators, with comparable OpenADR 2.0b integration and energy management functionality to EIPGRID.
Broad incumbents
- Hitachi Energy: Hitachi Energy's e-Mesh platform provides DERMS, microgrid, and VPP functionality for utilities and communities, overlapping with EIPGRID's microgrid and VPP capabilities but as part of a global incumbent's portfolio.
- Siemens Smart Infrastructure (Gridscale X): Siemens' Gridscale X is a grid software suite that includes VPP, DERMS, and energy management modules, competing with EIPGRID at large utilities but as part of a much broader portfolio.
- Enel X (Joules X / Enel X Way): Enel X has been a major global operator of VPP and demand response programs, with comparable scale (multi-GW) to EIPGRID's 2.9 GW DR footprint but as part of a much larger utility group.
- Schneider Electric (EcoStruxure / AutoGrid heritage): Schneider Electric's EcoStruxure includes DERMS, DR, and VPP capabilities; via its prior AutoGrid exposure it is a direct adjacent competitor for enterprise DER orchestration deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
EIPGRID social profiles
Digital presenceEIPGRID compliance and trust
Trust signalCompliance1 record
EIPGRID financial estimates
Financial estimateRevenue estimate
Valuation estimate
EIPGRID leadership team
Management profileNumber of profiles
Profiles5 records
EIPGRID subsidiaries and ownership
Company hierarchySubsidiaries1 record
EIPGRID funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EIPGRID M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EIPGRID
What does EIPGRID do?
EIPGRID develops and sells an AI-powered energy management software platform for demand response, virtual power plant (VPP) orchestration, and distributed energy resource management (DERMS). The platform is delivered as X-EMS modules (EIP Platform, DRMS, DERMS, AMADEUS) plus XaaS offerings (PowerSight for analytics, EnergySaver for bill optimization) under the xVPP ecosystem, targeting utilities, grid operators, telecom operators, load aggregators, and commercial/industrial energy users. Revenue is primarily recurring subscription-based SaaS and Energy-as-a-Service contracts, supplemented by project customization and integration services.
Is EIPGRID a public or private company?
EIPGRID is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EIPGRID founded?
EIPGRID was founded in 2010. It employs 11 to 50 people.
Where is EIPGRID based?
EIPGRID is headquartered in Seoul, South Korea, in the Asia region.
How does EIPGRID make money?
Four revenue lines are on record. Energy Management Software Platform (SaaS) is the primary driver. The others are energy-as-a-Service (EaaS), project Customization and Integration and X-as-a-Service Products.
Who are EIPGRID's main competitors?
Tantalus Systems is listed as an emerging player. Direct peers are Uplight (formerly AutoGrid), EnergyHub, Sunverge Energy, Stem (Stem AI) and OATI. Broad incumbents are Hitachi Energy, Siemens Smart Infrastructure (Gridscale X), Enel X (Joules X / Enel X Way) and Schneider Electric (EcoStruxure / AutoGrid heritage).
Does EIPGRID have an API?
No public API is recorded for EIPGRID.
What industry is EIPGRID in?
EIPGRID's product category is Energy Management Software. Its primary akta.pro industry code is EUAFAKAC, VPP Orchestration & Aggregator Operating Platforms. Its NAICS code is 5182 and its SIC code is 7372.