USPowerSolutions

USPowerSolutions positioned itself as a key infrastructure technology provider within the deregulated energy sector. The company developed a business-to-business service software designed to create an e-commerce framework for the energy market. Its core product was a web-based application service provider that facilitated cost-effective electronic communication and transactions among various market participants. This network connected energy distribution companies, customer acquisition portals, product vendors, and energy service providers, streamlining operations in a market valued at around $300 billion at the time.

The firm's business model was centered on providing this B2B software as a service, enabling efficient interaction and commerce within the newly opened energy markets. The company went through several funding stages to support its growth, including an Angel round during its startup phase and a Series A venture capital round on July 12, 2000, which raised $3.7 million. Over its lifetime, USPowerSolutions raised a total of $8.7 million from investors such as Aconcagua Ventures, DQE Enterprises, and Osborn Capital. Following a period of generating revenue, the company was acquired by Green Mountain Energy in a merger and acquisition deal on July 22, 2002.

Keywords: B2B energy software, deregulated energy market, e-commerce infrastructure, energy service providers, customer acquisition portals, energy distribution, electronic communication network, Green Mountain Energy acquisition, Aconcagua Ventures, Osborn Capital, DQE Enterprises, energy technology, B2B transactions, application service provider, energy commerce