Green Charge Networks
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{{Infobox company
| name = Green Charge Networks, LLC
| logo = GCN Stacked Logo.jpeg
| logo_size = 220
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| key_people = {{unbulleted list| Vic Shao (CEO)| Harjinder Bhade (CTO)| Mark Triplett (COO)| Tim Larrison (CFO)| Stephen Kelley (Senior Vice President of Sales)}}
| industry = Energy storage
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| location_city = Santa Clara, California
| location_country = United States
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Green Charge Networks LLC is an energy storage company based in Santa Clara, California. Founded in 2009, Green Charge uses predictive software to try to reduce peak demand charges for businesses.{{Cite web |title=Is Distributed Storage Coming to Your Neighborhood 7-Eleven? |url=https://www.greentechmedia.com/articles/read/Distributed-Storage-Coming-to-Your-Neighborhood-7-Eleven |access-date=2022-08-01 |website=www.greentechmedia.com}}
Projects
The first pilot GreenStation reduction system was installed in July 2011 at a 7-Eleven in New York. GreenStation survived Hurricane Sandy. It has saved a 7-Eleven store 56 percent on their utility bills during New York's 2013 summer heat wave.{{Cite web |date=2014-02-18 |title=Green Charge Networks Help Save Green |url=https://energy.agwired.com/2014/02/18/green-charge-networks-help-save-green/ |access-date=2022-08-01 |website=Energy |language=en-US}}
In March 2014, Green Charge announced that it had signed 1.5 MW of energy storage projects with 7-Eleven, Avis, Walgreens and others.{{Cite web |title=Businesses and Municipalities Look to Save Money Through Smart Grid Technologies |url=https://www.prweb.com/releases/businesses_and_municipalities_look_to_save_money_through_smart_grid_technologies/prweb11551684.htm |access-date=2023-07-01 |website=PRWeb}}
Funding
Green Charge received $12 million in a grant from the United States Department of Energy in 2011. The company received further funding from angel investor Richard Lowenthal, founder and CTO of car charging network ChargePoint, in December 2013.{{Cite web |date=2013-12-20 |title=DOE-Backed Distributed Storage Startup Receives First Angel Funding |url=https://cleantechiq.com/2013/12/doe-backed-distributed-storage-startup-receives-first-angel-funding/ |access-date=2023-07-01 |website=CleanTechIQ |language=en-US}} In March 2014, Green Charge received $10 million in financing from TIP Capital to finance energy storage projects for their customers with zero upfront cost.{{Cite web |last=Kelly-Detwiler |first=Peter |title=Green Charge Networks: In Some Markets, Cost-Effective Energy Storage Is Already Here |url=https://www.forbes.com/sites/peterdetwiler/2014/03/31/green-charge-networks-in-some-markets-cost-effective-energy-storage-is-already-here/ |access-date=2023-07-01 |website=Forbes |language=en}} In July 2014, Green Charge secured $56 million in capital from K Road DG.{{Cite web |last=Clancy |first=Heather |title=Green Charge Networks Gets $56 Million Infusion |url=https://www.forbes.com/sites/heatherclancy/2014/07/29/green-charge-networks-gets-56-million-infusion/ |access-date=2023-07-01 |website=Forbes |language=en}}{{Cite web |last=Dorbian |first=Iris |date=2014-07-30 |title=Green Charge bags $56 mln |url=https://www.venturecapitaljournal.com/green-charge-bags-56-mln/ |access-date=2023-07-01 |website=Venture Capital Journal |language=en-US}}
In May 2016, Engie acquired an 80 percent stake in Green Charge.{{cite news
| last = St. John
| first = Jeff
| date = May 10, 2016
| title = Behind-the-Meter Battery Acquisition: Engie Takes Majority Stake in Green Charge
| url = http://www.greentechmedia.com/articles/read/behind-the-meter-battery-acquisition-engie-takes-majority-stake-in-green-ch
| newspaper = Greentech Media
| location = Massachusetts, United States
| access-date =
}}