Genability

Genability

Software startup helping New Energy Companies build energy cost savings into their products and services.. Learn more

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
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DateInvestorsAmountRound
-

N/A

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N/A

Series A

$3.0m

Series A
Total Funding$3.0m

Recent News about Genability

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Genability is a data and API (Application Programming Interface) company specializing in energy tariffs, which are the rates charged for electricity usage. The company boasts the most accurate and comprehensive database of North American energy rates. Their primary product is a highly flexible and ultra-fast utility rate engine that can calculate electricity costs and savings on any scale, making it useful for a wide range of applications.

Genability operates in the energy market, specifically focusing on the "New Energy" sector, which includes renewable energy sources like solar and wind. Their clients are diverse, ranging from energy providers and utility companies to businesses and homeowners looking to optimize their energy usage and reduce costs. Essentially, any entity that needs to understand and manage electricity costs can benefit from Genability's services.

The company's business model revolves around providing access to their extensive energy rate database and rate engine through APIs. Clients subscribe to these services, paying fees based on usage or access levels. This subscription model ensures a steady revenue stream while allowing clients to integrate Genability's data and tools into their own products and services seamlessly.

Genability makes money by charging for access to its data and API services. This includes subscription fees from businesses that need regular access to up-to-date energy rates and one-time fees for specific data requests or analyses. By making energy costs and savings transparent, Genability helps its clients make informed decisions, ultimately driving efficiency and cost savings in the energy sector.

In summary, Genability is a key player in the energy data market, providing essential tools and information to help clients manage and reduce electricity costs. Their accurate data and powerful rate engine make them a valuable partner for anyone involved in the energy industry.

Keywords: energy data, API, electricity rates, utility rate engine, cost savings, renewable energy, subscription model, energy market, data accuracy, energy optimization.

Tech stack

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