Glow Energy
Glow Energy, formerly known as Moneytree, is a Los Angeles-based company specializing in climate-focused industrial solutions, offering software to transform buildings into Virtual Power Plants and facilitating sustainable energy consumption.
Company History
Glow Energy, originally known as Moneytree Power and Moneytree, was launched in March 2022. The company participated in the Y Combinator W22 batch. It is currently in the early stage of development and operates in the United States of America, America/Canada, and offers fully remote services. Glow Energy is headquartered in Los Angeles, CA, USA and employs a team of three individuals.
Founders
Glow Energy was founded by Ross and Greg, long-time proptech founders and California renters, who are clean energy enthusiasts. The founders bring their expertise in property technology to create solutions that make the built environment more sustainable. Their vision aims to transform buildings into Virtual Power Plants, empowering rental property owners with tools for driving sustainability and financial benefits.
Services and Solutions
Glow Energy provides a software platform for the sustainable consumption of energy in buildings. The company offers multifamily solar billing software that drives net operating income (NOI) with simple setup, detailed emissions impact data for ESG reporting, and device management for EV chargers and in-unit appliances. Features include audit-grade solar bill generation, real-time tracking of energy emissions and prices, and convenient in-app & offline bill payment options.
Industrials Sector Focus on Climate
Operating within the Industrials sector, Glow Energy focuses specifically on climate solutions. The company's software accelerates the transition of rental real estate to net zero. By empowering rental property owners to maximize financial returns on renewable energy investments and ensuring utility compliance, Glow Energy contributes to environmental sustainability and the financial health of property owners and tenants.
Investor Backing and Partnerships
Glow Energy is backed by notable investors including Y Combinator, Collaborative Fund, and Global Founders Capital. These partnerships provide the company with the necessary resources and support to develop innovative climate solutions within the industrial sector. The financial backing enables Glow Energy to continue advancing its mission of transforming buildings into sustainable energy hubs.