Solrite Energy
SOLRITE Energy is a Fort Worth-based residential virtual power plant operator partnering with sonnen (Shell subsidiary) to deploy solar-plus-storage systems at zero upfront cost under 25-year Power Purchase Agreements, serving Texas, California, and Massachusetts homeowners.
- Company typePrivate
- Founded2023
- HeadquartersFort Worth, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Solrite Energy does
SOLRITE Energy is a Fort Worth, Texas-based residential virtual power plant (VPP) operator founded in 2023. The company partners with sonnen (a Shell subsidiary and German energy storage firm) to deploy residential solar-plus-storage systems under a proprietary Virtual Power Plant Power Purchase Agreement (VPA) structure. Homeowners receive solar panels and 60 kWh sonnenCore+ High-Cycle LFP battery storage at zero upfront cost, paired with 25-year agreements locking in electricity rates of $0.12/kWh in Texas. A separate battery-only product targets 'solar orphans' (homeowners with stranded solar arrays from discontinued buyback programs) and non-solar households at $0 down with a $20/month flat fee, positioning SOLRITE as the operator of the first battery-only VPP program in the Texas ERCOT market.
The underlying platform is the sonnenConnect VPP management system, which coordinates battery dispatch across the enrolled network — charging during excess generation and discharging during peak demand to provide grid services and whole-home backup power. SOLRITE targets Level 4 VPP Maturity under EnergyHub's framework, characterized by <5-minute telemetry and 24/7 continuous dispatch capability equivalent to traditional fossil fuel peaker plants. The company demonstrated operational validation with a 100% success rate in keeping customers powered during a Texas winter storm, with some customers using less than 15% of battery capacity.
The business model combines three revenue streams: monthly subscription fees from customers ($20/month battery-only tier), electricity supply margin (12¢/kWh via partner Abundance Energy as the retail energy provider), and grid services compensation from utilities and grid operators for dispatchable capacity. Grid services revenue structurally offsets the cost of free hardware installation. SOLRITE serves a distributed base of approximately 3,000 enrolled Texas homeowners with a target of 10,000-12,000 additional homes by year-end 2026, operating across Texas, California, Massachusetts, and pending Puerto Rico (in partnership with Luma VPP). The company qualifies customers via FICO 650+ thresholds, interior garage space requirements, and mandates connection with SOLRITE-approved retail energy providers. Distribution combines direct-to-consumer website acquisition, a certified install partner network, and referral incentives.
Solrite Energy firmographics
Firmographics- Name
- Solrite Energy
- Legal name
- SOLRITE Energy
- Website
- https://solriteenergy.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SOLRITE Energy is a Fort Worth-based residential virtual power plant operator partnering with sonnen (Shell subsidiary) to deploy solar-plus-storage systems at zero upfront cost under 25-year Power Purchase Agreements, serving Texas, California, and Massachusetts homeowners.
- Ownership category
- akta.pro rank
Solrite Energy industry classification
Industry- Product category
- Residential Virtual Power Plant Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA)
- akta.pro secondary industries
- Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ), Virtual Power Plant (VPP) / Distributed Energy Resources (DER) Aggregation for Balancing (EUAGAKAI), Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)
Keywords
Where Solrite Energy is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Solrite Energy business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- VPP Services Revenue (Grid Services): Revenue generated by aggregating residential battery storage capacity into a virtual power plant that provides grid services to utilities and grid operators. The coordinated battery systems discharge during peak demand periods, earning compensation from the grid for these capacity services.
- Residential Energy Sales: Monthly flat fee of $20 per customer plus per-kWh electricity rates (12¢/kWh) for energy consumed from stored battery power and grid supply. Customers receive credits when their battery exports solar power to the grid during peak demand events.
- Grid Services Compensation: The utility and grid operator compensate SOLRITE for the dispatchable energy capacity provided by the VPP network (600 MWh targeted). This offsets the cost of providing free hardware to homeowners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Battery-Only VPP: $0 down, $20/month flat fee with 12¢/kWh all-in electricity rate |
| Subscription | Monthly | Solar + Battery VPP: $0.12/kWh for up to 120% of home power usage |
| Other | Monthly | Homeowner Qualification Requirements: FICO 650+, homeowner status, garage space for battery |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Solrite Energy product offering
Product offeringCore offering
Solrite Energy delivers residential Virtual Power Plant (VPP) services through 25-year Virtual Power Plant Power Purchase Agreements (VPAs) that provide solar panels and 60 kWh sonnen battery storage at $0 upfront cost to qualifying homeowners in Texas, California, Massachusetts, and Puerto Rico. Customers pay a flat $20/month or $0.12/kWh electricity rate, while Solrite aggregates the distributed battery capacity into a coordinated network that sells grid services to utilities and grid operators.
Product overview
Solrite Energy operates a Virtual Power Plant platform that partners with sonnen (a Shell subsidiary) to offer residential solar-plus-storage solutions through Power Purchase Agreements (VPAs). The portfolio includes the SOLRITE Texas VPA (solar + battery in Texas), SOLRITE Massachusetts VPA (solar + battery in Massachusetts), and Battery VPA (battery-only for homes with existing solar). All offerings leverage the SonnenConnect platform and sonnenCore+ batteries (60 kWh LFP), providing $0 upfront costs, $0.12/kWh electricity rates, whole-home backup power, and grid services participation. The VPA agreements have a 25-year term.
Differentiator
Problem solved
Functional benefit
Products and services
- SOLRITE Texas VPA (Solar + Battery) 25-year Virtual Power Plant Power Purchase Agreement for qualifying Texas (ERCOT) homeowners that provides solar panels and a 60 kWh sonnen battery at $0 upfront cost, with electricity priced at $0.12/kWh for up to 120% of home power usage. Customers receive whole-home backup power, VPP credits when their battery exports solar power to the grid during peak demand, and zero-cost monitoring and maintenance under the VPA term.
- SOLRITE Massachusetts VPA (Solar + Battery) 25-year Virtual Power Plant Power Purchase Agreement for Massachusetts homeowners providing $0 down solar plus 60 kWh sonnen battery backup, whole-home backup power, and electricity rates lower than utility bills. Protects against Time of Use rate changes and net metering uncertainty, with utility compensation for grid services covering hardware costs.
- Battery VPA (Battery-Only Virtual Power Plant) Battery-only Virtual Power Plant offering 60 kWh of sonnen energy storage hardware at $0 down with a $20/month flat fee covering hardware, installation, monitoring, and maintenance, plus a 12¢/kWh all-in electricity rate from partner Abundance Energy. Specifically targets 'solar orphans' with existing solar systems who want to store their own generation instead of selling it back at low rates, as well as non-solar households, and is designed to add up to 600 MWh of dispatchable capacity to the Texas grid across 10,000–12,000 additional homes.
Quantifiable outcome
- 60 kWh whole-home battery backup with 24+ hour capacity during outages
- +3 more outcomes
Companies that use Solrite Energy
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Solrite Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Solrite Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- sonnencorePrimary technology partner providing sonnenCore+ High-Cycle LFP batteries and the sonnenConnect VPP platform. sonnen is a Shell subsidiary and German energy storage firm. The partnership enables Level 4 VPP maturity with <5 minute telemetry and 24/7 continuous dispatch capability. sonnen supplies the 60 kWh batteries installed at customer homes at no upfront cost.
- Abundance EnergycoreRetail energy provider (REP) partner in Texas providing the 12¢ per kWh all-in retail electricity rate for enrolled VPP customers. Abundance Energy supplies electricity to SOLRITE VPP participants through the sonnenConnect program.
- EnergyHubminorEnergy analytics provider whose VPP Maturity Model (referenced on SOLRITE's About page) ranks distributed energy systems from Level 0 to Level 4. SOLRITE's partnership with sonnen targets Level 4 designation per EnergyHub's framework.
- Luma VPPminorPartnership for Puerto Rico VPP operations. SOLRITE plans to offer its VPP program in Puerto Rico in conjunction with Luma VPP.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Solrite Energy competitors and assessment
Company assessmentBroad incumbents
- Stem Inc: AI-driven energy storage and VPP operator focused on commercial, industrial, and increasingly residential aggregations. Comparable as a VPP technology and aggregation platform with overlapping grid services economics.
- sonnen: Solrite's technology partner and a Shell subsidiary; sonnen operates its own residential and community VPPs in Europe and Australia. Comparable as a residential battery + VPP platform that could expand directly into Solrite's markets.
- Enphase Energy: Major residential solar inverter and battery (IQ Battery) supplier with its own grid services and VPP software (IQ8-based VPPs). Overlaps as an enabler and emerging competitor for residential VPP aggregation.
Direct peers
- Sunnova Energy: U.S. residential solar and storage provider offering battery add-ons and grid services participation. Competes for the same homeowner PPAs/leases and VPP aggregation opportunities in Texas, California, and Puerto Rico.
- Tesla Energy: Tesla's energy business sells Powerwall residential batteries and operates one of the largest residential VPPs (including in Texas with ERCOT). Directly comparable as a residential battery + VPP operator competing for the same grid services revenue and homeowners.
- Sunrun: Largest U.S. residential solar installer with growing residential battery and VPP business, including in California, Massachusetts, and Texas. Competes for the same VPP grid services economics and homeowner signups.
Emerging players
- OhmConnect: Residential demand-response and distributed energy platform that aggregates household loads and devices into VPP-like resources in California and ERCOT. Comparable as a residential DER aggregator monetizing grid flexibility.
- Arcadia: Clean energy platform connecting households to community solar, utility programs, and VPPs. Comparable as a residential energy services intermediary competing for the same homeowner relationship in deregulated markets.
Others
- Uplight: Utility SaaS platform that runs residential DER programs, including VPPs, on behalf of utilities. Comparable as an ecosystem participant enabling competing residential VPP enrollment pathways.
- EnergySage: Largest U.S. solar marketplace where homeowners compare installers and battery offers. Comparable as a customer acquisition channel and competitive threat for Solrite's direct-to-consumer funnel.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Solrite Energy social profiles
Digital presenceSolrite Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solrite Energy leadership team
Management profileNumber of profiles
Profiles1 record
Solrite Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solrite Energy 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 Solrite Energy
What does Solrite Energy do?
Solrite Energy delivers residential Virtual Power Plant (VPP) services through 25-year Virtual Power Plant Power Purchase Agreements (VPAs) that provide solar panels and 60 kWh sonnen battery storage at $0 upfront cost to qualifying homeowners in Texas, California, Massachusetts, and Puerto Rico. Customers pay a flat $20/month or $0.12/kWh electricity rate, while Solrite aggregates the distributed battery capacity into a coordinated network that sells grid services to utilities and grid operators.
Is Solrite Energy a public or private company?
Solrite Energy is a private company. It is classified as unknown and is currently operating.
When was Solrite Energy founded?
Solrite Energy was founded in 2023. It employs 11 to 50 people.
Where is Solrite Energy based?
Solrite Energy is headquartered in Fort Worth, United States, in the North America region.
How does Solrite Energy make money?
Three revenue lines are on record. VPP Services Revenue (Grid Services) is the primary driver. The others are residential Energy Sales and grid Services Compensation.
Who are Solrite Energy's main competitors?
Broad incumbents on record are Stem Inc, sonnen and Enphase Energy. Direct peers are Sunnova Energy, Tesla Energy and Sunrun. Emerging players are OhmConnect and Arcadia. Others are Uplight and EnergySage.
Does Solrite Energy have an API?
No public API is recorded for Solrite Energy.
What industry is Solrite Energy in?
Solrite Energy's product category is Residential Virtual Power Plant Services. Its primary akta.pro industry code is EUAFAHAA, Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community), with a secondary code of EUAMAAAJ, Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory). Its NAICS code is 221114 and its SIC code is 4911.