EGM

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 announced a strategic alliance with Israel Electric Corporation (IEC) for grid modernization leadership.

Business overview

EGM (Electrical Grid Monitoring) develops T&D grid monitoring products, including sensing, communication, and analytics, to enable effective power grid modernization. Its core product, Meta-Alert, is an analytical probing system that converts legacy static grids into digitized, integrated, dynamic, and adaptive networks. The company's solutions address challenges such as integrating distributed renewable energies, facilitating proactive maintenance to prevent power outages, and effectively integrating electric vehicle charging systems. EGM operates within the Energy Tech sector, serving industries focused on energy management, grid integration, and eco-efficient transmission and distribution.

Strategic signal

In November 2023, EGM's approach to finding hidden spare capacity in existing power grids was highlighted as a key solution to unlock bottlenecks for achieving net-zero emissions. This signals the company's critical role in advancing grid intelligence and efficiency, positioning it as a vital player in the global transition to sustainable energy and demonstrating its potential to drive significant impact in grid modernization efforts.

Company Intelligence Q&A

What is EGM's primary focus?

EGM focuses on developing T&D grid monitoring products that include sensing, communication, and analytics to modernize power grids.

When did EGM complete its last funding round?

In November 2021, EGM completed a $17.5 million funding round led by Energy Growth Momentum.

What is the Meta-Alert system?

EGM's Meta-Alert is a nerve-like, analytical probing system designed to convert legacy static grids into digitized, integrated, dynamic, and adaptive networks.

What strategic alliance did EGM announce?

In January 2022, EGM announced a strategic alliance with Israel Electric Corporation (IEC) for grid modernization leadership.

How does EGM contribute to climate tech?

EGM provides power utilities with insights into their network's operational state, enabling the effective integration of renewable energy resources and supporting the reduction of greenhouse gas emissions.