Karit

Virtual Power Plant Platformkaritpower.com

Karit is an Australia-based virtual power plant Platform-as-a-Service provider offering cloud energy management software, proprietary AIoT hardware, and ML-powered forecasting for energy retailers, multi-site enterprises, and electrical contractors across Australia and New Zealand.

Company typePrivate
Founded2018
HeadquartersCoomera, Queensland, Australia
Headcount1–10
GTM typeB2B
OfferingSoftware

What Karit does

Karit (Karit Limited) is an Australia-headquartered, private company founded in 2018 that sells a Platform-as-a-Service (PaaS) virtual power plant (VPP) stack to energy retailers, distributors, renewable energy installers, electrical contractors, and large multi-site organisations across Australia and New Zealand. Its core offering aggregates and orchestrates distributed energy resources (solar, wind, battery storage, EV chargers) through a cloud-based platform hosted on Microsoft Azure, complemented by proprietary AIoT edge hardware branded "Karit Cakes" (edge devices, multiboxes, servers) and an API integration layer that connects to inverters from Sungrow, Goodwe, Huawei, SMA, SolarEdge, ABB, Schneider, Fronius, AlphaESS, and others, plus weather data services and the Australian Energy Market Operator (AEMO).

The platform's technical differentiation is built around machine-learning-based forecasting for generation, demand, market prices, and asset optimisation, plus AI-driven anomaly detection and predictive maintenance, with automated dispatch into FCAS, demand response, and wholesale arbitrage. Sub-brands and product modules include Energy Intelligence (forecasting), Asset Management, Energy Markets, Karit Assure (24/7 after-sales monitoring), and Karit Vantage (a contractor-focused partner portal).

Karit monetises via a one-off platform licence fee combined with a recurring monthly support fee (subscription PaaS), proprietary hardware sales (Karit Cakes), advisory services for VPP design and deployment, and Karit Assure subscriptions. Go-to-market is partner-first through four distinct programs (VPP Solution, Energy, Software, Karit Vantage) layered with direct enterprise field sales, supported by digital content, a VPP Learning Hub, and industry events. The company is founder-led (Bruce Emson, Brett Milne, Mark Williamson) with a 1–10 employee footprint, offices in Coomera QLD and Christchurch NZ, and no disclosed external funding to date.

Karit firmographics

Firmographics

Name: Karit
Legal name: Karit Limited
Website: https://karitpower.com
Company type: Private
Founded year: 2018
Operating status: Operating
Headcount range: 1–10 employees
Short description: Karit is an Australia-based virtual power plant Platform-as-a-Service provider offering cloud energy management software, proprietary AIoT hardware, and ML-powered forecasting for energy retailers, multi-site enterprises, and electrical contractors across Australia and New Zealand.
Ownership category
akta.pro rank

Karit industry classification

Industry

Product category: Virtual Power Plant Platform
NAICS: Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
SIC: Services-Computer Integrated Systems Design (7373), Computer Communications Equipment (3576)
akta.pro primary industry: VPP Orchestration & Aggregator Operating Platforms (EUAFAKAC)
akta.pro secondary industries: VPP Optimization, Forecasting & Dispatch Software (AI/ML, Digital Twins) (EUAFAHAG), Device/Asset Enablement & Edge Control (IoT Gateways, Controllers, Interoperability) (EUAFAHAI), Aggregator-as-a-Service & White-Label VPP Programs (Retailers, OEMs, Utilities) (EUAFAHAK), Commercial & Industrial (C&I) DER Aggregation & Load Flexibility (EUAFAHAB)

Keywords

Virtual power plant
Energy management platform
Distributed energy resources
AI energy forecasting
IoT energy hardware

Where Karit is headquartered

Location

Headquarters

HQ city: Coomera, Queensland
HQ country: Australia
HQ region: Oceania

Offices2 records

Markets served

Karit business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

Platform as a Service (PaaS) Licensing: One-off license fee combined with monthly support fee for access to VPP platform, software, cloud infrastructure, operating systems, tools, advice, and partner programs.
IoT Hardware Sales (Karit Cakes): Sale of proprietary IoT hardware solutions including edge devices, multiboxes, and servers. Hardware provides connectivity between distributed energy assets and the Karit cloud platform.
Advisory and Support Services: VPP advisory services to help organisations design, build, deploy and scale virtual power plants. Premium support packages with dedicated account managers and 24/7 support options.
Karit Assure (Asset Monitoring): After-sales asset monitoring and support service for commercial and industrial customers with subscription-based model.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Custom platform licensing based on customer requirements
Subscription	Monthly	Karit Assure subscription-based asset monitoring

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Karit product offering

Product offering

Core offering

Karit operates a Platform-as-a-Service (PaaS) virtual power plant (VPP) platform that aggregates, orchestrates and optimises distributed energy assets (solar, wind, battery storage, EV chargers) for large businesses and energy organisations. The offering combines cloud-based energy management software, proprietary AIoT hardware (Karit Cakes), AI/ML-powered forecasting, AEMO energy-market integration, and advisory/support services delivered through direct sales and partner programs in Australia and New Zealand.

Product overview

Karit offers a Platform-as-a-Service (PaaS) model for virtual power plant technology, providing a unified cloud-based platform (Karit VPP Platform) complemented by intelligent energy management software, proprietary AIoT hardware (Karit Cakes), and specialized services. The platform aggregates and orchestrates distributed energy resources including solar, wind, battery storage, and EV chargers. Key modules include Energy Management Software for asset/energy/market management, Energy Intelligence for forecasting, Asset Management for lifecycle management, Energy Markets for demand response and trading, and VPP Energy Forecasting for predictive analytics. The product suite also includes Karit Assure (after-sales monitoring service) and Karit Vantage (electrical contractor-focused sub-brand). Advisory services and comprehensive support frame the technology offerings.

Differentiator

Problem solved

Functional benefit

Brands

Karit Assure: After-sales asset monitoring and support service designed to assure the performance of distributed energy assets for commercial and industrial customers.
Karit Vantage
Karit Cakes

Products and services

Karit VPP Platform Cloud-based virtual power plant platform enabling aggregation, orchestration, and optimisation of distributed energy resources including solar, wind, battery storage, and EV chargers. Provides real-time monitoring, AI-powered forecasting, energy market integration, and asset management for energy leaders in large businesses and energy organisations.
Energy Management Software Premium cloud-based software providing asset, energy, and market management tools for virtual power plant operations. Features real-time AI-powered data, performance monitors, technology-agnostic device integration, reliable market predictions, and tools for demand response and wholesale arbitrage.
Karit Cakes (IoT Hardware)

Quantifiable outcome

Up to $1,100 annual savings for businesses with existing rooftop solar through battery integration and VPP participation
+1 more outcomes

Companies that use Karit

Customer profile

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Karit technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability7 records

Feature5 records

Karit partnerships and signals

Strategic signal

Partnerships

13 partnerships are on record, tiered core and minor.

KHS-EnergycoreStrategic or Co-development PartnerStrategic partner providing renewable energy products and industry expertise to help deliver renewable energy projects.
SPDcoreStrategic or Co-development PartnerStrategic partner contributing to the ecosystem of experienced partners delivering renewable energy projects.
Healm EnergycoreStrategic or Co-development PartnerStrategic partner providing industry expertise for renewable energy project delivery.
Smart Energy CouncilcoreStrategic or Co-development PartnerStrategic partnership with industry association contributing to policy development and clean energy advocacy.
Concept InfowayminorStrategic or Co-development PartnerStrategic partner in the extended network of partners.
Artha NetworkminorStrategic or Co-development PartnerStrategic partner in the ecosystem.
GenesisminorStrategic or Co-development PartnerStrategic partner in the ecosystem.
City of Gold CoastcoreStrategic or Co-development PartnerMajor customer and strategic partner, implementing VPP for city council assets and renewable energy targets.
Sime DarbycoreStrategic or Co-development PartnerStrategic partner contributing to renewable energy project delivery.
RGLcoreStrategic or Co-development PartnerStrategic partner in the network delivering renewable energy projects.
Future EnergyminorStrategic or Co-development PartnerStrategic partner in the ecosystem.
Vector PowersmartminorStrategic or Co-development PartnerStrategic partner in the ecosystem.
Silver Asset ServicesminorStrategic or Co-development PartnerStrategic partner in the extended network.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Karit competitors and assessment

Company assessment

Direct peers

Stem Inc: AI-driven energy storage and VPP software provider enabling C&I customers to participate in wholesale and ancillary services markets. Directly comparable AI/ML optimization and DER aggregation capabilities to Karit.
Origin Energy: Australian energy retailer operating Origin Loop VPP for residential and commercial customers. A primary direct competitor for Karit in the ANZ VPP market with established customer relationships.
GridBeyond: AI-powered VPP and distributed energy optimization platform serving C&I and utility customers globally. Closely comparable to Karit in applying AI/ML to forecasting, dispatch, and market participation.
EnergyAustralia: Australian energy retailer with VPP initiatives including battery aggregation programs. Competes with Karit for retail and commercial DER aggregation customers in Australia.
AGL Energy: Australia's largest energy retailer and gentailer with its own VPP program (AGL VPP) aggregating residential and commercial batteries. Competes directly with Karit in the ANZ DER aggregation market.
Sunverge: Provider of VPP software platform for utilities and DER aggregators, integrating battery storage, solar, and flexible loads. Comparable to Karit in offering a turnkey VPP orchestration platform.

Broad incumbents

Schneider Electric (AutoGrid): Acquired AutoGrid, a DER orchestration and VPP platform, integrating it with Schneider's energy management portfolio. Competes with Karit in offering software-based DER aggregation to utilities and enterprises.
Tesla Energy: Operates the Tesla Virtual Power Plant (VPP) aggregating Powerwall batteries across multiple geographies, including Australia. Competes with Karit for the same DER-aggregation opportunity at a global scale.
Fluence: Global energy storage and VPP software provider (Fluence Mosaic), offering AI-driven optimization for utility-scale and DER aggregation. Comparable to Karit in AI/ML-based dispatch and market participation.
Enel X (now Enel X Way): Global VPP and demand-response operator under Enel, aggregating DERs across multiple markets. Competes with Karit in providing enterprise and utility-scale VPP orchestration and market services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Karit financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Karit leadership team

Management profile

Number of profiles

Profiles9 records

Karit funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Karit M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Karit

What does Karit do?

Is Karit a public or private company?

Karit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Karit founded?

Karit was founded in 2018. It employs 1 to 10 people.

Where is Karit based?

Karit is headquartered in Coomera, Queensland, Australia, in the Oceania region.

How does Karit make money?

Four revenue lines are on record. Platform as a Service (PaaS) Licensing is the primary driver. The others are ioT Hardware Sales (Karit Cakes), advisory and Support Services and karit Assure (Asset Monitoring).

Who are Karit's main competitors?

Direct peers on record are Stem Inc, Origin Energy, GridBeyond, EnergyAustralia, AGL Energy and Sunverge. Broad incumbents are Schneider Electric (AutoGrid), Tesla Energy, Fluence and Enel X (now Enel X Way).

Does Karit have an API?

Yes. Karit provides standard APIs for weather services, market services, and device vendors, as well as custom APIs for Customer Portals and other corporate applications. The platform integrates with energy markets and weather services via APIs, enabling real-time data access for forecasting and market predictions. The software can be hosted in Karit's secure Azure Cloud or customer-owned Microsoft cloud environment. The platform also supports API connectivity for the Karit Cloud interface, enabling integration with distributed energy assets.

What industry is Karit in?

Karit's product category is Virtual Power Plant Platform. Its primary akta.pro industry code is EUAFAKAC, VPP Orchestration & Aggregator Operating Platforms, with a secondary code of EUAFAHAG, VPP Optimization, Forecasting & Dispatch Software (AI/ML, Digital Twins). Its NAICS code is 5415 and its SIC code is 7373.