Resource Innovations has acquired Shifted Energy for an undisclosed amount. Shifted Energy, established in 2016, specializes in integrating renewable energy into utility grids through innovative technology and equitable community engagement. This acquisition marks a significant expansion for Resource Innovations in the distributed energy resource management sector.
Shifted Energy developed a patent-pending platform that converts common household electric assets, such as water heaters, pool pumps, home batteries, solar inverters, and EV charging stations, into smart, flexible distributed energy resources. Their solution supports utilities globally in stabilizing grids and accelerating the integration of intermittent wind and solar power generation. A core aspect of Shifted Energy's mission is to engage hard-to-reach communities, including renters, who often cannot access rooftop solar, linking disparate populations to build a sustainable energy future.
The company's software provides low-cost distributed energy resource control systems, monitoring, machine learning-based data analytics, aggregation, and dispatch optimization. It retrofits behind-the-meter assets for cost-effective, large-scale deployment, integrating with any cloud-connected smart device. Through machine learning, the platform forecasts and maximizes grid service capacity from every participating asset while minimizing impact on user comfort, aggregating individual forecasts into a cloud-based, asset-agnostic virtual power plant.
This acquisition is strategically important as Resource Innovations gains Shifted Energy’s expertise in advanced distributed energy resource management and its unique approach to equitable energy transformation. The synergy is expected to enhance Resource Innovations' capabilities in grid stabilization, renewable energy integration, and demand-side management, particularly by extending reach to previously underserved communities. This integration will likely broaden the combined entity's offerings for utilities, enabling more robust and inclusive energy programs.
The combined entity is positioned to accelerate the deployment of intelligent energy solutions, fostering greater grid resilience and sustainability while ensuring broader participation in the clean energy transition.