Leap DEX is a new distributed energy exchange that offers a unified trading platform for distributed energy resources (DERs), such as solar PV, demand response, batteries, fuel cells and electric vehicles, and smart inverters.
Leap allows every connected device to help balance the grid, and get paid for it. Access wholesale markets through a single API and help build the flexible, renewable grid of the future.
Leap was founded in 2017 in Utrecht by Thomas Folker and Remco van den Elzen. The company is headquartered in San Francisco, California, with an office in Utrecht, Netherlands.
Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services.
Leap’s marketplace for grid flexibility grants energy resources including battery energy storage, electric vehicles, and HVAC systems access to global demand response programs, wholesale markets, and real-time pricing through a single API.
Leap’s open, hardware-agnostic platform turns the operators of energy resources of any size and type into autonomous smart energy traders, providing revenue to participants while unlocking the benefits of a truly resilient and transactive grid.
Leap is backed by Union Square Ventures, Congruent Ventures, National Grid Partners, Powerhouse Ventures, Elemental Excelerator, and FJ Labs. The company raised $8.2M in a Series A financing on Jan 16, 2020. This new round brings Leap's total funding to $10.6M to date.