FivePower

FivePower is a privately held renewable‑energy technology company headquartered in Dallas, Texas. Founded in 2014, it specializes in designing and deploying microgrid solutions that combine photovoltaic generation, battery storage, and advanced grid‑management software for commercial and municipal customers. The company markets its flagship product, the FivePower Grid Suite, as a scalable platform that enables sites to operate independently of the traditional utility grid while maintaining a connection for demand‑response and grid‑support services.

The founders, electrical engineer John Smith and business strategist Maria Lee, previously worked together at a leading power‑system consultancy. They secured seed capital from a group of venture investors in 2015 and raised a Series A round of $12 million in 2017, which was followed by a Series B of $35 million in 2019. FivePower has used this funding to expand its engineering team and to establish partnerships with equipment manufacturers such as SolarEdge and Tesla Energy.

By 2023, FivePower reported annual revenues of approximately $85 million and employed around 150 staff members. Its projects are concentrated in Texas, California, and Florida, where state incentives support distributed generation. The company claims to have installed more than 12 GW of distributed solar and battery capacity by the end of 2023, although independent audits have noted that performance data for some sites is not yet publicly available.

FivePower has maintained compliance with state and federal regulatory bodies, including the Federal Energy Regulatory Commission and the Texas Public Utility Commission. In 2021, the company was cited for a minor breach of data‑security protocols, which it addressed by upgrading its cybersecurity framework and implementing regular third‑party penetration testing. The company continues to seek growth in emerging markets such as South America and Southeast Asia, where demand for resilient power infrastructure is rising.