# EnecSys

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enecsys

- Industry: Electronics
- Headquarters: Redwood City, US
- Website: www.enecsys.com
- Total disclosed funding: $51M
- Latest round: Series B (May 3, 2011)
- Investors on record: 5

## About

EnecSys Limited is a provider of solar energy monitoring solutions, focusing on enhancing performance tracking for solar inverters through innovative technology and user-friendly interfaces.Founded in 2003 in Redwood City, US, EnecSys Limited specializes in solar energy monitoring technologies. The company underwent a significant transition into receivership, which led to the development of its monitoring system, catering primarily to residential homeowners and solar energy installers in the UK and select European markets. In May 2011, EnecSys raised GBP 25 million in Series B funding, led by Climate Change Capital with an investment of GBP 11 million, alongside other investors including Good Energies Inc., NES Partners, and Wellington Partners. EnecSys has successfully completed five deals since its inception.EnecSys specializes in solar energy monitoring solutions, primarily through its innovative Enecsys Monitoring System, which was developed in response to the company's transition into receivership. This system allows users, including homeowners and installers, to track the performance of Enecsys inverters in real-time, providing critical insights into solar energy production and system efficiency. The service is designed to address frustrations experienced by users following the company’s financial troubles, ensuring continuity in monitoring capabilities. The platform is accessible via the internet and integrates seamlessly with existing gateway devices; users only need to verify their connection to get started. The primary customer base includes residential homeowners and solar energy installers, predominantly in the United Kingdom and select European markets, where solar energy adoption has been increasing.EnecSys generates revenue through an annual subscription model for its monitoring services, priced at GBP 35 per year. Customers must sign up anew to access the monitoring platform, as prior login credentials are no longer valid following the company's administrative changes. Transactions are structured directly between the company and end consumers, with no intermediaries involved in the subscription process. This model ensures that customers receive ongoing updates and performance reporting for their solar systems, fostering a direct relationship between EnecSys and its user base. The focus on subscription-based revenue aligns with industry trends towards SaaS (Software as a Service) offerings, allowing for predictable income streams while providing continuous service improvements and support to users.Following the GBP 25 million Series B funding secured on May 3, 2011, EnecSys plans to utilize the investment to enhance its product offerings and expand its market reach. The company is developing new features for its monitoring system, targeting a rollout in late 2012. Additionally, EnecSys aims to enter new geographic markets, particularly in Northern Europe, by 2013. This expansion strategy includes leveraging the recent funding to strengthen its technology infrastructure and support increased customer engagement.

## Funding rounds

- Series B, May 3, 2011, $41M — Wellington Partners, Climate Change Capital, Good Energies Inc., NES Partners
- Series A, Jun 24, 2009, $10M — Wellington Partners, NES Partners
- Seed, May 13, 2003 — Carbon Trust

## Investors

- Carbon Trust (https://capitalatlas.ai/funds/carbon-trust) — Seed
- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A, Series B
- NES Partners (https://capitalatlas.ai/funds/nes-partners) — Series A, Series B
- Climate Change Capital (https://capitalatlas.ai/funds/climate-change-capital) — Series B
- Good Energies Inc. — Series B