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Swell Energy provides distributed energy programs and grid services for homes, businesses, and utilities.
Founded in 2014, Swell Energy is based in Santa Monica, US. It offers financing and virtual power plant programs for homeowners and businesses, working with local solar and storage installers. The company also provides grid balancing services to utilities across the United States. In November 2022, it raised USD 120 million in Series B funding led by SoftBank Vision Fund 2 and Greenbacker Development Opportunities Fund I, LP, with participation from Ares Infrastructure Opportunities Fund and Ontario Power Generation Pension Fund.
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