Leap (DEX)

Leap is the leading platform for generating new value from distributed energy resources (DERs) through integration with energy markets.

Leap offers a unified market place for distributed energy resources (DERs), such as solar PV, demand response, batteries, fuel cells and electric vehicles, and smart inverters.

Leap was founded in 2017 in Amsterdam by Thomas Folker and Remco van den Elzen. The company is headquartered in San Francisco, California and Amsterdam, Netherlands.

 

Leap’s software platform facilitates fast, automated access to energy markets for battery storage systems, electric vehicle (EV) charging, smart thermostats, building management systems and other distributed energy resources (DERs), making it easy for technology providers and operators to earn revenue in demand response and other grid services programs.

 

Leap aggregates the DERs enrolled on its platform to supply virtual power plants (VPPs) to balance the grid. Leap enables its partners and their customers to unlock new value streams and help create a more flexible, resilient grid powered by renewable resources.

 

Leap has a growing network of 70+ technology partners. Leap has successfully connected over 70,000 customer meters to deploy virtual power plants (VPPs) across the United States.

 

Leap is backed by Union Square Ventures, Park West Asset Management, Congruent Ventures, National Grid Partners, Standard Investments, Powerhouse Ventures, Climate Capital, Elemental Excelerator, FJ Labs, DNV Ventures, Sustainable Future Ventures, and others. The company raised $12M in a new round on Jul 18, 2023. This brings Leap's total funding to $56.1M to date.

 

 

  • Year founded: 2017
  • Funding Info: $56.1M over 4 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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