Qmerit Accelerates Growth of its North American “Green Energy Transition” Platform
Qmerit Accelerates Growth of its North American “Green Energy Transition” platform for installation and maintenance services for the electrification of everything
- Qmerit Inc., is spinning off its electric vehicle (EV) charging and electrification division, backed by Lime Rock New Energy and Schneider Electric, to take advantage of heightened demand for its services.
- Qmerit will continue to provide installation services for EV charging equipment, energy storage, and microgrids for homeowners, @home fleet managers, multi-family dwellings and small businesses, and will retain the Qmerit brand.
IRVINE, Calif. – November 12, 2020 – Qmerit is supercharging its innovative, industry-leading platform that connects EV buyers to its nationwide network of certified and vetted electrical contractors to ensure their EV charging and renewable energy systems are installed and maintained correctly – ensuring maximum ROI.
The electrification service market is $2.5B a year, and there is an acute shortage of qualified, licensed electricians resulting in inconsistent and unreliable service levels state to state. Qmerit simplifies finding properly trained and reliable electrical contractors with an easy to use platform that includes rigorous standards- ensuring every installation creates high satisfaction as evidenced by their industry leading Net Promoter Score of 89. Qmerit was built to solve the difficult problem of delivering exceptional installation and maintenance services nationally at scale using a distributed workforce.
Building on its existing nationwide contractor network in the U.S. and Canada, and deep relationships with fleet managers and leading electric vehicle and charging manufacturers, Qmerit simplifies the installation and integration of technologies for the clean energy transition—from electric vehicle charging hardware and energy storage to solar and microgrid integrations.
The company’s procurement platform for maintenance, repair and operations (MRO) supplies will be rebranded and will continue to provide solutions to facility managers and contractors that improve efficiencies and lower costs by streamlining and optimizing the way their employees purchase MRO materials and manage their contractor networks. Qmerit Inc. was formed in 2016 when founder and CEO Tracy K. Price saw the opportunity to expand the software platform beyond its prior functionality within a Fortune 500 company. Schneider Electric has been the company’s largest strategic investor and is the leading global provider of energy and automation solutions for efficiency and sustainability. Lime Rock New Energy, provider of growth equity and value-adding partnerships for new energy entrepreneurs, is leading the current investment in Qmerit’s spinoff.
Tracy Price, CEO of Qmerit, said, “The maturation of the electrification of transportation, homes and buildings at scale is finally at hand. Our patience and perseverance paid off and we are thankful for our relationships with our national network of expert electrification contractors as well as with our very important partnerships with global vehicle manufacturers, EVSE manufacturers and home-based fleet managers. We believe that the next decade will see the electrification of many aspects of our life, from transportation to resiliency. We are excited for the capital support to be able to build out our vision for taking the complexity out of delivering safe, reliable, and differentiated electrification services to our customers.”
Qmerit is already delivering solutions across the energy transition value chain: providing the customers of electric vehicle and EV charging equipment manufacturers with an exceptional customer experience; and Fortune 1000 @home fleet managers with a better way to coordinate national electrification of their assets; and end users with a simple process to get their EV charger, energy storage solution, or microgrid installed and maintained safely, professionally and at a competitive cost.
Mark McCall, a Managing Director of Lime Rock New Energy, said, “We are impressed by the national network, powerful and differentiated software platform, and deep EV industry partnerships that Tracy and the team have built to date. We believe that North American consumers, businesses and fleet owners, as well as the EV industry generally, are hungry for high-quality nationwide service solutions as the world electrifies its homes and vehicle fleets.”
Emmanuel Lagarrigue, Chief Innovation Officer of Schneider Electric, added, “We believe that the transition to decarbonized energy is happening now, and this new electric world requires new products and services. Through our position on the board of Qmerit, we expect to foster a close partnership with our operations. Qmerit is well placed to continue to build on its early leadership position and scale to meet the needs of customers across North America.”
Qmerit, headquartered in Irvine, California, simplifies the adoption of electrification products for residential and small business markets. A leader in green energy transformation, the company provides value-driven services throughout the renewable energy equipment implementation lifecycle. This is delivered through Qmerit’s network of company owned contractors, value added resellers and independent certified service providers, skilled in system application and integration as well as ongoing maintenance. Combining this nation-wide network of certified electrical contractors with the company’s digital managed services platform and white-glove concierge services. Qmerit delivers customers an unmatched quality experience when installing electric vehicle charging stations and integrating to battery storage, solar systems and microgrid solutions. For more information on Qmerit, please visit: qmerit.com/ev.
Find more information on Lime Rock New Energy at www.lrnewenergy.com.
Find more information on Schneider Electric at www.se.com.
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Director, Marketing- Qmerit