Company Overview
Snapshot
Founded in December 2007 by Amir Cohen, EGM operates with 201–500 employees. The company has raised $17 million across one funding round from 3 investors. In January 2022, EGM completed a funding round led by Energy Growth Momentum.
Business overview
EGM develops products for monitoring and managing electrical transmission and distribution grids, encompassing sensing, communication, and analytics. Its core product, Meta-Alert, is an analytical probing system designed to modernize power grids by transforming static infrastructure into a digitized, integrated, dynamic, and adaptive network. EGM's solutions address critical issues such as the integration of distributed renewable energies, proactive maintenance to prevent power outages, and the effective incorporation of electric vehicle charging systems. The company primarily serves the energy tech sector, focusing on electric utilities and related industries globally.
Strategic signal
In November 2023, EGM was highlighted for its role in enabling smarter grids and unlocking hidden spare capacity, which is crucial for achieving net-zero goals. This signals EGM's growing importance in addressing critical bottlenecks in grid modernization and its potential to facilitate the integration of renewable energy resources, positioning the company as a key player in the energy transition.
Log in to access full profile ›Company Intelligence Q&A
- What is EGM's primary focus in the energy sector?
- EGM focuses on developing monitoring and managing tools for electrical transmission and distribution grids, including sensing, communication, and analytics to modernize power infrastructure.
- When did EGM complete its last funding round and who were the lead investors?
- In January 2022, EGM completed a $17.5 million funding round led by Energy Growth Momentum, with participation from.
- What is the Meta-Alert system?
- Meta-Alert is EGM's nerve-like, analytical probing system that digitizes and integrates legacy static grids into dynamic, adaptive networks, enabling better usage of renewable energies and EV charging integration.
- What strategic alliance did EGM announce in January 2022?
- In January 2022, EGM announced a strategic alliance with Israel Electric Corporation (IEC) to collaborate on grid modernization leadership.
- What was the significance of EGM's involvement with the GCxN Project?
- In December 2021, EGM announced the successful completion of the GCxN Project, earning recognition in the utility power industry for its contributions.