NineDot Energy

Develops community-scale clean energy projects

Wilton, Maine, United States

About NineDot Energy

NineDot Energy develops community-scale distributed energy projects aimed at improving the reliability and resilience of local power grids, particularly in the New York City area, including Westchester and Long Island. Their projects focus on urban clean energy solutions that not only enhance the electric grid but also provide economic savings and reduce carbon emissions. The company designs, constructs, and manages energy systems for a variety of clients, including urban communities, local governments, and businesses. Unlike many competitors, NineDot Energy leverages local expertise and real-world experience to create tailored solutions that meet the specific needs of their clients. The goal of NineDot Energy is to significantly contribute to the global energy transition while fostering a positive impact on the environment and society.

Wilton, MaineHeadquarters
2015Year Founded
$349.2MTotal Funding
GROWTH_EQUITY_NON_VCCompany Stage
Government & Public Sector, EnergyIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Wellness Program
Hybrid Work Options

Risks

Increased competition in NYC could impact NineDot Energy's market share.
Regulatory approval delays may hinder NineDot Energy's expansion plans.
Rising costs of battery storage components could affect project budgets and timelines.

Differentiation

NineDot Energy focuses on community-scale projects enhancing grid reliability and resiliency.
The company leverages local expertise in the NYC area for impactful energy solutions.
NineDot Energy integrates V2G technology for economic savings and carbon emission reduction.

Upsides

NineDot Energy secured $225 million for battery energy storage projects in NYC.
Partnership with Stem's Athena AI platform optimizes energy storage and distribution.
NYSERDA incentives for community-scale projects benefit NineDot Energy's growth.

Funding

Total raised$349.20 M
StageGROWTH_EQUITY_NON_VC
GROWTH EQUITY NON VC
12/31/2023
$225