Shifted Energy
Honolulu, Hawaii, United States
How Shifted Energy hit $3.5M revenue with a 24 person team in 2023.
Shifted Energy was established in 2016 with a focus on integrating renewable energy resources into the grid through equitable transformation. The company has developed, tested, and perfected its patent-pending solutions aimed at helping utility companies across the globe stabilize their grids. This is achieved by accelerating the integration of intermittent wind and solar power generation. A key aspect of their platform is the engagement of hard-to-reach communities who are unable to access rooftop solar, primarily targeting renters. In doing so, Shifted Energy acts as a bridge connecting diverse populations, fostering collaborative efforts towards building a sustainable future. The innovative approach adopted by Shifted Energy involves converting electric water heaters into rapidly scalable, efficient, and maintenance-free flexible demand response assets. It's estimated that there are over 180,000 electric water heaters in Hawaii and around 600 million worldwide. These devices act as hidden "batteries" that can absorb significant amounts of renewable energy, thereby providing an opportunity to shift loads and substantially reduce demand during peak hours. By leveraging the latent storage capacity of water heaters, utilities can significantly lower their peak energy demands. This strategic operation prevents the need to consume valuable electricity for heating water during periods of high demand. Consequently, grid operators can potentially delay or avoid expensive upgrades to peaking plants, transmission infrastructure, or other legacy assets. Instead, they can prioritize efforts on the seamless integration of renewable energy sources, aligning with the broader objective of advancing towards a more sustainable and efficient energy landscape.
2016
Founded
$3.5M
2023 Revenue
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YOY
$0
Funding
Shifted Energy Revenue
In 2023, Shifted Energy revenue run rate hit $3.5M in revenue.
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2023
Shifted Energy hit $3.5M in revenue in 2023
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2016
Shifted Energy launched in 2016 with $0 revenue
Shifted Energy Funding History
No funding has been reported for Shifted Energy yet.
Team
Shifted Energy has 24 total employees.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 24 |
Founder / CEO
Forest Frizzell
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Shifted Energy Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Forest Frizzell | CEO | - | - |
Shifted Energy Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Forest Frizzell | CEO | - | - |
Frequently Asked Questions about Shifted Energy
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When was Shifted Energy founded?
Shifted Energy was founded in 2016.
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How much revenue does Shifted Energy generate?
Shifted Energy generates $3.5M in revenue.
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Who is the CEO of Shifted Energy
The CEO of Shifted Energy is Forest Frizzell.
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How much funding does Shifted Energy have?
Shifted Energy raised $0.
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How many employees does Shifted Energy have?
Shifted Energy has 24 employees.
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Where is Shifted Energy headquarters?
Shifted Energy is headquartered at Honolulu, Hawaii, United States
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