Company Overview
Snapshot
Founded in June 2023 by Adi Hachmon and Ori Herman, nGrid Energy operates with 1–10 employees. The company secured its Seed funding round in January 2026 from investors including Harel Insurance & Finance and Izhar Armony.
Business overview
nGrid Energy provides a smart energy platform designed to manage industrial-scale battery storage systems at commercial sites. Its core technology utilizes an AI-driven algorithm to create a decentralized network of behind-the-meter storage units. This system optimizes electricity consumption by shifting demand away from peak periods, thereby reducing energy costs for businesses and alleviating grid stress. By aggregating these distributed assets into a virtual power plant, nGrid Energy enhances grid stability and facilitates the integration of renewable energy sources, serving the Energy Tech sector.
Strategic signal
In April 2026, nGrid Energy was highlighted for developing a virtual power station that leverages AI to optimize electricity storage and discharge. This innovation allows the company to buy electricity during off-peak hours when costs are low and sell it during peak demand, generating significant revenue. This signals a strong market validation for nGrid Energy's AI-driven approach to energy management and its potential to create substantial value by enhancing grid efficiency and reducing energy costs for commercial clients.
Company Intelligence Q&A
- When was nGrid Energy founded?
- nGrid Energy was founded in June 2023.
- Who are the founders of nGrid Energy?
- The co-founders of nGrid Energy are Adi Hachmon and Ori Herman.
- What is nGrid Energy's primary focus?
- nGrid Energy focuses on AI-driven distributed energy storage and grid optimization, managing industrial-scale battery systems at commercial sites to balance electricity demand and supply.
- When did nGrid Energy secure its Seed funding round?
- nGrid Energy secured its Seed funding round in January 2026, with investments from Harel Insurance & Finance and Izhar Armony.
- Which investors participated in nGrid Energy's Seed funding round?
- The Seed funding round for nGrid Energy in January 2026 included investments from Harel Insurance & Finance.