The Ledger
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THG Energy expects to achieve profitability within a year
“We aren't, we are not yet profitable, but we can see profitability within the next year.”
THG Energy manages over 300,000 accounts across 20 countries
“We start with utility bills and we work with more than 300,000 accounts. Commercial, industrial multi-facility accounts. We're in all 50 states and we're in 20 countries.”
THG Energy charges $5 per utility meter per month
“Per, per utility meter that, that we're measuring and managing.”
THG Energy operates 20,000 active meters across 1,000 customers
“So we've got 20,000 active accounts that, that we gather that five dollar meter on, and that, that's probably about a thousand customers.”
THG Energy closed 2022 at $2 million in ARR
“So all in we're, we closed the year at right at two million dollars of annual recurring revenue.”
THG Energy projects reaching $4 million ARR by late 2023
“So we should end up the year by at the end of 20, 23 somewhere in the range of four million dollars of annual recurring revenue.”
THG Energy previously raised $10 million in seed capital
“We have raised ten million dollars of seed a capital.”