Powercom
Smart Grid Solutions for Utilities
Company Overview
Snapshot
Founded in April 2006 by Yackov Dar and Yaniv Oren, Powercom operates with 11–50 employees. The company has raised $100K across one funding round. In June 2016, Powercom secured a grant from the Ministry of Energy, highlighting its role in advancing smart grid technologies.
Business overview
Powercom specializes in providing end-to-end smart grid solutions for electricity, water, and gas utilities. The company's core offerings include Advanced Metering Infrastructure (AMI) products such as smart meters, communication infrastructure, and a comprehensive suite of Smart Grid applications. These solutions are designed to transform existing distribution grids into modern, efficient platforms, enabling utilities to enhance revenue, reduce energy loss, manage debt recovery, mitigate outages, optimize grids, and improve customer service. Powercom operates within the Energy Tech sector, serving electric, water, and gas utilities in markets such as India, South Africa, and Israel.
Strategic signal
In May 2014, Powercom was selected by Israel Electric for a smart grid pilot program. This engagement signals the company's capability to deliver critical infrastructure solutions to major national utility providers and validates its technology's potential for broader adoption in the smart energy sector, indicating a strong foundation for future market penetration.
Company Intelligence Q&A
- When was Powercom founded?
- Powercom was founded in April 2006.
- Who are the founders of Powercom?
- Powercom was co-founded by Yackov Dar and Yaniv Oren.
- What was a significant early project for Powercom?
- In May 2014, Powercom was chosen by Israel Electric to participate in a smart grid pilot program.
- What type of funding has Powercom received?
- In June 2016, Powercom secured a grant from the Ministry of Energy.
- What is Powercom's primary focus in the energy sector?
- Powercom provides end-to-end smart grid solutions, including AMI products and Smart Grid applications, for electricity, water, and gas utilities.