An energy-storage startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow 

The Daily Dealflow delivers one startup to your inbox every work day and is presented by Silicon Valley Bank. SVB's 2019 Startup Outlook Report is out now.
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
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Nikola Power

 Nikola Power provides a platform of energy storage services to solar developers to help them navigate the emerging solar plus storage market.
Nikola Power is a clean energy company that has built a technology platform for the emerging energy storage market. They enable solar developers to bring storage to customers through their three core offerings: project analysis software for the technical and financial parameters of an energy storage project, access to project finance to enable the delivery of solar plus storage projects, and an intelligent energy management software that utilizes advanced control theories and machine learning to maximize customer savings from the energy storage system.

What's Innovative About Their Solution?

Nikola Power is the only comprehensive platform of storage services catered towards the commercial and industrial developer. Other developer facing companies in the market solely provide sizing and financing tools and thus force the developer to find an EMS software that can integrate with their analysis software and find a project financer comfortable with their EMS.

📍 Location

Denver, CO

⚙️ Product Stage


🏭 Industries

Energy Tech, Clean Tech / Environment, Artificial Intelligence

🤑 Fundraising Status

Actively raising

💸 Total Funding
To Date


🙌 Founder Demographics

Minority founder

Big Wins

  • Secured a $300 million dedicated project capital fund
  • Won the 2018 and 2019 Colorado Office of Economic Development Advanced Industries Grant
  • Won 3 pilot projects with expected revenue in Q4 of 2019
  • 1 of 7 winners of the 2019 LG Chem Battery Challenge
  • Launched our EMS Product in 2 test sites at Arizona State University and at SolarTAC in Aurora, CO

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Contact the Founder:

Evan Hung

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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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