Prosumer-Focused Retail Provider Launches Initial Offer In Texas Market

David Energy -- self-described as "a new kind of power company" -- announced that it launched its first residential electricity plan in Texas, under a beta offering

James McGinniss, CEO and co-founder of David Energy, stated, "In the coming weeks, we'll accept 50 beta customers that get a friends + family rate, and from there we'll start to connect their devices to our platform so they automatically get paid when electricity prices are high."

David Energy's entry into Texas had been first reported by EnergyChoiceMatters.com

David Energy stated of its Texas residential market entry, "We will be offering plans that are tailored to the needs of smart device owners (anyone with an EV, solar, backup battery, smart thermostat, etc.). By coordinating the energy production and consumption of these devices with the real-time needs of the grid we can make the entire system cheaper, cleaner, and more reliable. This is your chance to make a household decision that can help shape the future of the energy grid in Texas."

David Energy's general Home service website (not specific to Texas) promotes its home offering as, "Get an energy plan tailored to maximize value -- whether you own an EV, rooftop solar, smart thermostats, or other device."

"Put your devices to work. Our automated device management enrolls your devices in lucrative energy market programs to save you money with no additional effort," the site states

See more background on David Energy here

David Energy on its website states, "David Energy is a modern retail energy provider. Like legacy retail energy providers, we sell residential and commercial customers electricity. In addition to energy, we enable customers to benefit from lucrative energy market programs such as demand response, capacity tag management, demand charge management, and arbitrage through our software. We integrate with and manage a range of devices including thermostats, batteries, electric vehicles (EVs), generators and more to deliver customers these benefits with no effort from them."

"Our software integrates with a range of smart devices like thermostats, batteries, electric vehicles, generators and more and automatically manages them through a proprietary dispatching algorithm that responds to real-time grid conditions. Our algorithm incorporates customer comfort preferences so it never gets too cold or too hot. We bundle that with features including billing, monitoring and alerting for businesses, and device management to deliver visibility, control, and peace of mind," David Energy states on its website