Varentec

Varentec is a leading provider of Grid Edge Volt-VAR control solutions for municipal utilities, cooperatives and investor-owned utilities. The company develops advanced power electronics-based systems designed for the Smart Grid.

Varentec provides products and solutions that achieve smarter power delivery for its customers.

Varentec was founded in 2009 by Deepak Divan & Mehrdad Hamadani. The company is headquartered in Santa Clara, California.

Varentec empowers utilities with the hardware and software needed to increase customer satisfaction, grid efficiency, manage peak demand, reduce consumer energy consumption and effectively integrate renewable energy resources.

Varentec™ brings intelligence and dynamic control to the edge of the grid through its Edge of Network Grid Optimization (ENGO®) hardware and Grid Edge Management System (GEMS®) software.

 

Varentec’s ENGO dynamic VAR devices autonomously sense and regulate voltages by injecting dynamically reactive power at the Grid Edge.

 

Varentec is backed by Bill Gates, 3M, Khosla Ventures, WindSail Capital and others. The company raised $5M from a latest financing on Nov 08, 2019. This brings Varentec's total funding to $46.9M to date.

 

 

  • Year founded: 2009
  • Funding Info: $46.9M over 5 Rounds (Latest Funding Type: Growth Equity)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Santa Clara
  • State: California
  • Country: United States
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