|Venture Round, 5/2012 |
Kleiner Perkins Caufield & Byers
Gen110 sells electricity and, as the leading distributed energy company in California, provides a cost-effective, alternative way for heavy energy users to purchase residential power. Gen110 has helped more than 1,600 homeowners in California avoid utility rate hikes by producing over 7MW of electricity at their own homes. A private company based in San Francisco, Gen110 was founded in 2009 to free customers from total dependence on traditional utility companies.
The cost of transporting electricity often amounts to over half of its price and much of its annual prices increases. Gen110 protects customers from utility company rate increases by allowing individual homeowners to produce their own power directly on their own homes.