EGM

Company Overview

Snapshot

Founded in December 2007 by Amir Cohen, EGM operates with 201–500 employees. The company has raised $17 million across one funding round from 3 investors.

Business overview

EGM (Electrical Grid Monitoring) develops products for monitoring and managing transmission and distribution grids, encompassing sensing, communication, and analytics. Its core product, Meta-Alert, is an analytical probing system designed to modernize power grids by converting static infrastructure into a digitized, integrated, dynamic, and adaptive network. EGM's solutions address critical challenges such as optimizing distributed renewable energy integration, enabling proactive maintenance to prevent power outages, and facilitating the effective integration of electric vehicle charging systems. The company serves the energy and utilities sector, particularly electricity providers, and operates within the Energy Tech, Climate Tech, and Automotive & Mobility Technologies sectors.

Strategic signal

In November 2023, EGM was highlighted for its role in finding hidden spare capacity within existing power grids, which could unlock bottlenecks to achieving net-zero emissions. This signals EGM's critical contribution to grid modernization and its potential to accelerate the energy transition by optimizing current infrastructure rather than solely relying on new grid construction, offering a cost-effective and efficient pathway for utilities and governments.

Company Intelligence Q&A

What is EGM's primary focus in the energy sector?

EGM focuses on developing T&D grid monitoring products that integrate sensing, communication, and analytics to modernize power grids, enabling better usage of distributed renewable energies and effective integration of electric vehicle charging systems.

When did EGM complete its last funding round?

In January 2022, EGM completed a funding round led by Energy Growth Momentum, with participation from.

What is the Meta-Alert system?

EGM's Meta-Alert is a nerve-like, analytical probing system that transforms legacy static grids into digitized, integrated, dynamic, and adaptive networks, enhancing power grid modernization.

Has EGM formed any strategic alliances?

In January 2022, EGM announced a strategic alliance with Israel Electric Corporation (IEC) to advance grid modernization leadership.

How does EGM contribute to climate technology goals?

EGM provides power utilities with insights into their network's operational state, facilitating the effective integration of renewable energy resources and electric vehicle charging systems, which helps reduce GHG emissions from non-renewable sources.