Renew Home is a Grid Software & VPPs company founded in 2023 and based in San Francisco, USA. It has raised $100M in total funding, most recently a Growth in 2023.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Dec 14, 2023 | Growth | $100M | — | Sidewalk Infrastructure Partners |
A turnkey virtual power plant platform for energy providers, announced March 2025 and available to providers beginning summer 2025. Bundles device enrollment, personalized automated energy shifts tied to time-of-use rates and grid constraints, customer rewards, and capacity measurement; features rolling out into 2026 add automated baselines and randomized control trials for measurement and verification.
Consumer load-shifting service descended from Nest Renew that automatically schedules thermostat-driven energy use toward cheaper, cleaner hours. In summer 2025 Renew Home ran 25 million Energy Shifts across 4.1 million households in 27 US states, representing nearly 4 GW of flexible capacity nationwide — including an estimated 380 MW peak reduction from roughly 640,000 devices in PJM on July 29, 2025.
Demand-response program inherited from Google Nest that pays households for allowing brief automatic thermostat adjustments during grid peak events. Participants received more than $40 million in rewards in 2024, and Renew Home is extending the program across its network of more than 100 energy providers.
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