Opower, a US-based energy efficiency platform whose mission is “to motivate everyone on earth to save energy”, is reported to have filed for and initial public offering under the terms of the Jumpstart Our Business Startups Act, which allows companies with less than $1 billion in revenue in the prior fiscal year to start IPO process confidentially, without disclosing financial information.
In December 2010, industrial conglomerate General Electric backed Opower from its $200m Ecomagination clean-tech corporate venturing fund and the firm has subsequently closed a $50m B round.
Opower, formerly known as Positive Energy, was founded in 2007 by Alex Laskey and Daniel Yates.