Varentec Newsroom

Varentec Secures $5 Million in Growth Funding from WindSail Capital

November 16, 2019

Funding to accelerate new commercial deployments of Varentec’s Grid Edge Control technology   SANTA CLARA, Calif., Nov. 8, 2019 /PRNewswire/ — Varentec, a pioneer in grid-edge intelligence and control, announced today a growth capital raise of $5 million led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability. “With the strength and long-term commitment […]

Varentec’s Big Deal With Xcel Energy: A ‘Tipping Point’ for Grid Edge Power Electronics?

June 7, 2018

After a decade of pilots, one of the last standing startups in its field is landing commercial contracts. Jeff St. John June 01, 2018 Earlier this month, Silicon Valley startup Varentec marked a milestone in its decade-long quest to bring next-generation power electronics to the grid edge — a full-scale commercial deployment with Xcel Energy […]

Varentec deploys Grid Edge Control to meet aggressive energy savings goals in Denver across 472 circuits for Xcel Energy

May 18, 2018

SANTA CLARA, Calif., May 18, 2018 /PRNewswire/ — As part of Colorado’s industry-leading Integrated Volt VAR Optimization initiative, Xcel Energy has selected Varentec Inc., with its Edge of Network Grid Optimization (ENGO®) devices and its Grid Edge Management System (GEMS®) platform, as the primary supplier for innovative Dynamic Secondary Voltage Controllers (DVCs). The DVCs will […]

Hawaiian Electric to deploy Varentec’s grid edge voltage regulation technology for increased rooftop solar grid capacity

December 19, 2017

Dec. 19 2017 — Varentec, Inc., a leader smart grid technology, is working with Hawaiian Electric and Elemental Excelerator to deploy 100 Edge of Network Grid Optimization (ENGO®) devices and its Grid Edge Management System (GEMS®) platform at three O‘ahu substations with high penetrations of solar PV. The project, co-funded by Elemental Excelerator, a Hawaii-based […]

Varentec Hires Veteran Chief Policy Wonk

December 15, 2017

SANTA CLARA, Calif., Dec 15, 2017 /PRNewswire/ — Varentec™, a leading Smart Grid technology company, announced today it has hired cleantech veteran Michael Jung to serve as the company’s Vice President for Policy, Government, and Regulatory Affairs (a.k.a., Chief Policy Wonk). Reporting directly to the CEO, Michael also will collaborate closely with Varentec’s longtime advisory board member […]

Varentec Announces International Distribution Agreements with 3M Company

November 1, 2016

SANTA CLARA, Calif., Oct. 26, 2016 /PRNewswire/ — Varentec™, a leading Smart Grid technology company, announced today it signed exclusive international distribution agreements and US sales channel agreements with 3M Electrical Market Division.  The agreement pairs Varentec’s disruptive Grid Edge Volt VAR control solutions with the strong domestic and international presence of 3M in the Utility segment. […]

Varentec Closes Series C Funding Round with 3M Ventures, Bill Gates and Khosla Ventures To Enable Grid Edge Volt-VAR Control

August 10, 2016

SANTA CLARA, Calif., Aug. 10, 2016 /PRNewswire/ — Varentec™, the leading provider of Grid Edge Volt VAR control solutions, announced the closing of its Series C funding round. This round includes investments from existing investors 3M Ventures, Bill Gates and Khosla Ventures. The investment will be used both to expand Varentec’s activities internationally and to continue […]

Hawaiian Electric and Varentec to test technology for enabling more rooftop solar on island grids

April 5, 2016

HONOLULU, April 5, 2016 /PRNewswire/ — Hawaiian Electric Company and Santa Clara-based Varentec, Inc. have announced a strategic partnership to install and validate performance of Varentec’s technology for ensuring grid reliability and efficiency while allowing more private rooftop solar systems to be added to island grids. Starting with a pilot project on the island of O’ahu, […]

3M New Ventures, Bill Gates and Khosla Ventures Invest $13M in Varentec To Enable the Next Generation of Grid Edge Volt-VAR Control

November 13, 2015

SANTA CLARA, Calif., Nov. 13, 2015—Varentec, the leading provider of grid edge Volt-VAR control solutions, today announced it has raised $13 million in the first closing of its Series C financing. Led by 3M New Ventures, the round includes investments from existing investors Bill Gates and Khosla Ventures. The financing round will fund Varentec’s expansion […]

Varentec™ Partners with Flex to Manufacture ENGO™ Grid-Edge Real-Time Control Devices

November 2, 2015

Partnership positions Varentec to deliver ENGO devices in high volumes and with world-class quality to help utilities increase their range of energy control and reduce technical losses SANTA CLARA, Calif., Nov. 2, 2015 — Varentec, a leader in next-generation distributed Volt/VAR control and grid edge management solutions for electric utility distribution systems, today announced that […]