Fermata Energy LLC

Fermata Energy LLC

Charlottesville, Virginia, United States

Team size: 11 - 50

Sector: Transportation and mobility

About Fermata Energy LLC

Founders: David Slutzky, Glenn Skutt

Founded date: 2013

Company revenue: US$ 10 - 50 million

Investors: The Carlyle Group, Verizon Ventures

Company stage: Other

Fermata Energy is an energy technology company. Fermata leverages electric vehicle batteries to provide energy storage for the electricity grid. Because electric vehicles remain parked and unused much of the time, they are an underutilized asset. With their technology, these batteries can be exploited with a little incremental cost. By leveraging existing batteries they avoid much of the cost competing for storage technology requires while providing vehicle customers a lower cost of ownership through shared grid storage revenue. Fermata is based in Charlottesville, Virginia.

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2 jobs at Fermata Energy LLC

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