60Hertz Energy

60Hertz Energy

Providing paths to energy sovereignty through financing and operations & maintenance solutions.

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DateInvestorsAmountRound
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$166k

Convertible
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-58 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
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R&D budget00000000

Source: Dealroom estimates

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More about 60Hertz Energy
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60Hertz Energy provides a specialized Computerized Maintenance Management System (CMMS) software for the distributed energy resources (DER) sector. The company was founded in 2016 by Piper Foster Wilder, who serves as CEO, along with co-founders Tonya James and Whitney Gantt. Wilder's journey into this space began when she moved to Alaska and became acquainted with the high costs and maintenance challenges of remote renewable and diesel microgrids. Her prior experience includes serving as Vice President at Amatis Controls, working at the Rocky Mountain Institute, and a fellowship with the Alexander von Humboldt Foundation focused on renewable energy land use. This background illuminated the gap between large-scale renewable financing and the needs of remote communities, inspiring the creation of 60Hertz.

The firm's core business revolves around a Software-as-a-Service (SaaS) platform designed to streamline operations and maintenance for assets like solar farms, battery energy storage systems (BESS), and microgrids. Its business model is based on subscriptions, with pricing determined by the installed capacity of the client's sites rather than a per-user fee, aligning the company's revenue with the value it creates. 60Hertz serves a range of clients, from small maintenance crews to full utility operations, with customers in nine countries, including the United States, Nigeria, and Canada. The initial focus was on addressing energy poverty in remote areas like the Alaskan Arctic by improving the reliability of off-grid power systems.

The 60Hertz platform features a mobile app, TRAK, and a web-based maintenance manager portal. A key selling point is its "offline-first" capability, which allows field technicians in remote locations with limited internet connectivity to track, manage, and log maintenance tasks. The software is designed with a user-friendly interface to accommodate workers with varying levels of technical literacy. It offers customizable checklists, asset and task management triggered by conditions like run hours, and advanced reporting. Furthermore, the system integrates via a single API with various OEM portals and monitoring platforms, centralizing data to provide a comprehensive operational view. The company also utilizes AI and predictive analytics to derive actionable insights from maintenance data. Since its inception, 60Hertz has raised approximately $7.14 million in funding and processed over 220,000 work orders in 2023 alone.

Keywords: Computerized Maintenance Management System, CMMS, Distributed Energy Resources, DER maintenance, microgrid management, energy asset management, renewable energy operations, solar farm maintenance, battery storage maintenance, BESS, remote asset management, offline CMMS, energy SaaS, grid resiliency, work order management, Piper Foster Wilder, power plant operations, clean energy software, utility maintenance software, energy sector AI, predictive maintenance, asset performance management

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