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.
Log in to access full profile ›Company Intelligence Q&A
- What is EGM's primary focus?
- EGM focuses on developing monitoring and managing tools for electrical transmission and distribution grids, integrating sensing, communication, and analytics to modernize power infrastructure.
- When was EGM founded?
- EGM was founded in December 2007 by Amir Cohen.
- What is the Meta-Alert system?
- Meta-Alert is EGM's nerve-like, analytical probing system that transforms legacy static grids into digitized, integrated, dynamic, and adaptive networks, enabling better usage of distributed renewable energies and effective integration of EV charging systems.
- What significant partnership did EGM announce in 2022?
- In January 2022, EGM announced a strategic alliance with Israel Electric Corporation (IEC) to lead grid modernization efforts.
- What was EGM's most recent funding round?
- EGM completed a funding round in January 2022, led by Energy Growth Momentum, to support energy utility efforts in North America to modernize the grid. The round included investment from KT Squared LLC.