On a 104-degree afternoon, the grid does not need another power plant. It needs a million homes to ease off for an hour - and someone to prove it happened. Recurve is that someone.
THE WORDMARK. A recurve bow stores energy, then releases it on cue. So does a grid that pays people for the power they politely decline to use.
Picture the California grid in late summer. Air conditioners hum in unison, the sun drops behind the coastal range, solar panels go quiet, and demand climbs at exactly the wrong moment. The old answer was concrete and steel: fire up a gas peaker plant that earns its keep maybe forty hours a year. Expensive. Dirty. Idle most of its life.
Recurve's answer is quieter. Somewhere across thousands of homes, a smart thermostat nudges itself up two degrees. A heat-pump water heater delays its next cycle. An EV charger waits forty-five minutes. No one notices. Added together, those small refusals look exactly like a power plant - except this one was already paid for, sitting in people's garages and hallways.
The catch, always, was proof. A utility cannot pay for electricity that was never used unless it can measure the absence of it - rigorously, defensibly, in front of a regulator who is paid to be skeptical. For years that measurement was a hand-wave, a consultant's estimate, an argument. Recurve turned it into a number you can audit.
The company builds the FLEX platform: software that reads revenue-grade data from smart meters and calculates, household by household, how much load actually shifted. It runs on open-source methods - OpenEEmeter and the CalTRACK standard - that Recurve itself helped seed. Anyone can inspect the math. Even competitors. Especially regulators.
That openness is the unusual part. Most software companies guard their core IP like a recipe. Recurve gave its measurement engine away, then built a business on top of the trust that created. When the way of counting is public, the fights stop being about methodology and start being about results.
So utilities stopped arguing and started paying. Through FLEXmarket, Recurve runs pay-for-performance markets where aggregators and contractors get compensated not for installing a device, but for the verified grid value it delivers when the grid is straining. Perform, get paid. Don't, don't.
"Faster, more flexible, and dependable - what utilities have been asking for."- Matt Golden, Founder & CEO, Recurve
The demand-side platform. Design, run, and verify efficiency, demand-response and DER programs on revenue-grade meter data.
A pay-for-performance market connecting aggregators and solution providers to utilities - paid for measured load reductions, not promises.
Targeting, load disaggregation, performance tracking, and regulator-ready measurement-and-verification reports.
The open M&V engine implementing CalTRACK methods, now stewarded under Linux Foundation Energy.
Open tooling to value avoided-cost and grid benefits of demand-side resources for planning and cost-effectiveness.
Investor-owned and community-choice utilities, regulators, and aggregators - including PG&E and MCE in California.
~$32M total // figures as publicly reported
Backers include Calpine Energy Solutions · Quantum Capital Group · Toshiba Energy Systems & Solutions
Matt Golden launches an earlier energy-audit company - also called Recurve (formerly Sustainable Spaces). It is acquired by Tendril Networks in 2011.
Recurve (as we know it) is founded to make energy savings measurable enough to trade.
Launches PG&E's Market Access Program on FLEXmarket to shave peak demand and ease summer outage risk.
Closes an $18M Series B from energy-industry strategics to scale the virtual power plant platform.
Raises a $12.6M follow-on from existing investor Quantum Capital Group amid growing demand.
FLEX wins the AESP Energy Award for Innovation in Demand Flexibility.
Recurve works where software meets regulation - which means its partners are utilities, public agencies and standards bodies as much as technology firms.
A recurve bow stores energy and releases it on demand. Apt for a company that stores grid flexibility for the moment it is needed most.
Founder Matt Golden ran an earlier Recurve - an energy-audit business acquired by Tendril in 2011. This is the sequel, with bigger stakes.
OpenEEmeter and CalTRACK are open source. Even rivals can audit the math - which is exactly why regulators trust the result.
The product turns ordinary thermostats and EV chargers into pieces of a power plant that never had to be poured in concrete.
The heat hasn't broken. The air conditioners still hum. But the grid no longer flinches, because somewhere a few thousand homes just eased off in concert - and a meter, read against an open standard, recorded every watt of it. No gas peaker spun up. No one sweated through a rolling blackout. A check went out to the people and providers who made the room.
That is the trade Recurve is building: pay for the electricity people are glad to skip, count it honestly, and let the cheapest power plant be the one that was never built. The grid still hums. It just hums a little lighter now.