# Enernet Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enernet-global

- Industry: Power & Utilities
- Headquarters: New York, US
- Website: www.enernetglobal.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Sep 14, 2020)
- Investors on record: 3

## About

Enernet Global Inc. is a New York-based company specializing in renewable energy solutions, particularly in microgrid development and financing, aimed at reducing costs and enhancing sustainability for businesses and communities.Founded in 2015 in New York, Enernet Global Inc. focuses on developing and operating microgrids that integrate renewable energy sources and advanced control systems. The company raised USD 6.5 mn in Series A funding on September 14, 2020, with participation from Frontier Ventures, Kyuden International Corporation, and MPC Capital. The company has completed one deal to date. Heeyeoun Jeoun and Paul Matthews serve as CEOs, contributing to the company’s strategic direction.Enernet Global specializes in the development, financing, construction, and operation of microgrids that integrate various renewable energy generation sources, battery storage, and advanced control systems. Their primary offering, Energy-as-a-Service, provides fully financed energy systems, enabling clients to lower their energy costs without any upfront capital investment. These solutions cater to businesses and communities seeking reliable and clean electricity, particularly in areas where traditional energy sources are costly and polluting. Enernet operates in multiple regions, including North America, Australia, the Philippines, and select countries in Africa, focusing on high-penetration renewable generation to decarbonize supply chains.Enernet Global operates primarily on a B2B model, offering Energy-as-a-Service solutions to organizations aiming to improve energy reliability and affordability. Revenue is generated through structured agreements where clients benefit from reduced energy costs while Enernet retains ownership and operational control of the microgrid systems. These long-term partnerships allow customers to pay for energy usage under predetermined terms, ensuring a predictable revenue stream for Enernet, while the Energy-as-a-Service model enables clients to transition to renewable sources without upfront expenditures.Enernet Global plans to utilize its recent Series A funding of USD 6.5 mn, raised in September 2020, to enhance its product offerings and expand into new markets. The company aims to develop innovative microgrid solutions and is targeting expansion in emerging markets across Africa and Southeast Asia by 2025. This strategy aligns with increasing demand for sustainable energy solutions, enabling Enernet to capitalize on opportunities for growth in regions where traditional energy infrastructure is lacking.

## Funding rounds

- Series A, Sep 14, 2020, $6.5M — MPC Capital, Frontier Ventures, Kyuden International Corporation

## Investors

- MPC Capital — Series A
- Frontier Ventures (https://capitalatlas.ai/funds/frontier-ventures) — Series A
- Kyuden International Corporation — Series A