69 Best Energy Industry Startups to Watch in 2024

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.

Total Raised: $679.20M

Last Funding: $405.00M (Series F)

ZE Energy is a producer of renewable energy founded in 2019.

Total Raised: $109.50M

Last Funding: $58.00M (Series C)

Redaptive is a SaaS tool for energy efficiency developed for commercial and industrial customers.

Total Raised: $256.60M

Last Funding: $100.00M (Unknown)

Nuventura is a Berlin-based developer of GIS switchgear for environmental monitoring.

Total Raised: $29.88M

Last Funding: $26.88M (Series A)

Reverion is a carbon-negative biogas power plant builder founded in 2022 by Jeremias Weinrich, Stephan Herrmann, Maximilian Hauck, Luis Poblotzki and Felix Fischer.

Total Raised: $70.50M

Last Funding: $62.00M (Series A)

Terralayr is a developer of renewable battery storage systems founded in 2023 by Philipp Man.

Total Raised: $105.00M

Last Funding: $83.00M (Series C)

AI platform for weather-dependent power and energy traders.

Total Raised: $18.46M

Last Funding: $16.00M (Seed)

Reverion is a carbon-negative biogas power plant builder founded in 2022 by Jeremias Weinrich, Stephan Herrmann, Maximilian Hauck, Luis Poblotzki and Felix Fischer.

Total Raised: $70.50M

Last Funding: $62.00M (Series A)

We make energy fair, smart and green - one flexible monthly plan with no hidden fees, digital-first and 100% renewable energy.

Total Raised: $22.93M

Last Funding: $9.73M (Unknown)

Last Energy is a Washington, D.C.-based company founded in 2020 by Bret Kugelmass.

Total Raised: $40.00M

Last Funding: $40.00M (Series B)

Anaphite is a dry-coating EV battery technology developer founded in 2016 by Alexander Hewitt.

Total Raised: $14.83M

Last Funding: $1.13M (Seed)

Tesla is a manufacturer of electric vehicles, battery technology, and solar energy panels.

Total Raised: $92.50M

Last Funding: $10.00M (Unknown)

heliostat, helisotats, sun trackers, solar thermal manufacturing systems.

Total Raised: $1.60M

Last Funding: $1.60M (Unknown)

Smart energy management solutions provider.

Total Raised: $2.20M

Last Funding: $2.20M (Seed)

Sensor networks for real-time remote monitoring of large infrastructure assets.

Total Raised: $10.56M

Last Funding: $10.06M (Series A)

Total Raised: $77.00M

Last Funding: $65.00M (Unknown)

Insolight is a solar panel manufacturer founded in 2015 by Laurent Coulot.

Total Raised: $10.27M

Last Funding: $4.92M (Series A)

Provider of carbon-free energy matching software for energy sector.

Total Raised: $0.50M

Last Funding: $0.50M (Pre Seed)

Black Bear is a Netherlands-based company focusing on producing carbon black by extracting it from waste tires and converting the remains of the tires into oil and gas.

Total Raised: $9.15M

Last Funding: $9.15M (Unknown)

Lumenaza is a software, which uses sophisticated algorithms to provide green energy solutions and supply sustainable electricity in regional communities. In 2016 the company developed a "utility in a box" solution that allows providing all the energy services in a modular and highly automated way.

Total Raised: $7.90M

Last Funding: $7.90M (Series B)

Arundo provides software to enable advanced analytics in industrial companies. Arundo's customers transform their businesses through predictive analytics, deeper understanding of physical operations, and data-driven SaaS applications.

Total Raised: $15.56M

Last Funding: $15.56M (Unknown)

Turnkey energy management solutions for companies in South Africa and Switzerland.

Total Raised: $3.32M

Last Funding: $3.32M (Unknown)

Customcells is one of the world's leading companies in the development of special lithium-ion battery cells.

Total Raised: $62.98M

Last Funding: $62.98M (Unknown)

Remote monitoring for the next generation of energy companies

Total Raised: $1.40M

Last Funding: $1.40M (Seed)

Established in 1867, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets.

GHGSat is a Montreal-based company developing sensors to monitor industrial emissions.

Taiwanese-based venture-backed company that develops and sells electric scooters and battery swapping infrastructure

ForePaas is a France-based company developing an end-to-end, multi-cloud platform to build, deploy, and scale data applications and algorithms.

Lancey Energy Storage is a company founded in 2016 by Gilles Moreau.

GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactor technology and nuclear services.

Drift provides a clean energy trading platform for business and residential customers.

Gojo & Company is a Japan-based company.

Zūm is a company that partners with schools to provide transportation for children.

Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions.

Microsemi Semiconductor Ltd is the UK subsidiary of a multinational semiconductor company Microsemi Inc. The facility in Monmouthshire designs, develops and manufactures bespoke advanced microelectronic components and technologies.

Amentum is a technical and engineering services partner working with the United States defense, security, intelligence, energy, and environmental programs.

SolarCity is an American provider of energy services founded by Lyndon Rive and Peter Rive.

Commonwealth Fusion Systems is a Cambridge, Massachusetts-based research and development company developing fusion power systems based on ARC tokamak reactors.

Hydrogenics is a Mississauga-based developer and manufacturer of hydrogen generation and fuel cell products and a subsidiary of Cummins.

Cypress Creek Renewables is a Santa Monica, California based provider of solar energy.

Palmetto Clean Technology, Inc. is a Charleston, South Carolina-based company.

Platform supplying high-throughput research and development technologies for the energy, chemicals, and pharmaceutical industries.

Ecoark Holdings, Inc. is a company in the energy industry founded in 2011.

Form Energy is a Somerville, Massachusetts-based company developing low-cost, long-duration energy storage systems.

Epirus is an El Segundo, California-based technology company founded by Max Mednik.

Developer of software-defined high power microwave (HPM) technology designed to counter unmanned aircraft systems (UAS). The company's technology addresses threats such as drones and other asymmetric technologies, enabling defense organizations to stun drones with a hard reset or knock swarms out of the sky.

Software platform and professional services for complex systems modeling and simulation, targeting in particular energy networks and urban planning applications.

Achates Power is a San Diego-based company founded in 2004.

Electric Hydrogen is a fossil-free hydrogen for a decarbonized world founded in 2020 by David Eaglesham, Derek Warnick, Dorian West and Raffi Garabedian.

ubitricity is a Berlin-based developer of charging infrastructure for electric vehicles.

General Fusion pursues a fast, efficient, and collaborative path to practical fusion power. We are completing an aggressive development plan to deliver economical carbon-free fusion energy with our proprietary Magnetized Target Fusion technology by the 2030s.

X-energy is a nuclear reactor & fuel design engineering company, developing Generation IV high-temperature gas-cooled nuclear reactors & the fuel to power them.