VECKTA’s cover photo
VECKTA

VECKTA

Services for Renewable Energy

San Diego, CA 3,373 followers

The source for onsite energy solutions

About us

VECKTA modernizes and streamlines how companies buy onsite energy systems. Our development platform and marketplace streamline and modernize how onsite energy systems are deployed. Enterprise decision-makers get tailored actionable intelligence and access to thousands of vetted suppliers to confidently execute a wide range of energy projects at scale. Some of the largest companies in healthcare, automotive, manufacturing, and food and beverage are working with VECKTA to drive energy transition action and achieve energy cost savings. VECKTA is backed by leading VCs and corporate venture investors including Goldman Sachs, Delta Airlines, Coca-Cola Company, and UPS.

Industry
Services for Renewable Energy
Company size
11-50 employees
Headquarters
San Diego, CA
Type
Privately Held
Founded
2019
Specialties
Energy Solutions, Microgrids, Food & Beverage Energy Solutions, Mining Energy Solutions, onsite energy, battery storage, solar energy, heat pumps, solar power, energy solutions, and renewable energy

Locations

Employees at VECKTA

Updates

  • View organization page for VECKTA

    3,373 followers

    We shed light on the uncertainty around tax credits in this week's podcast. In VECKTA fashion, we modeled what a solar and battery storage system would look like without a 30% tax credit. Here are the results: First off - the results are positive. We still see awesome savings and emissions benefits. We looked at a commercial facility in California using our configuration module in the VECKTA platform. With a 30% tax credit, the optimal system is a 1.7MW solar array with 6MWh of battery storage. The cost is $6M. Without a tax credit, the optimal system is slightly smaller to preserve the economics at 1.4MW with 3.3MWh of battery storage. The cost is $4M. Here are the financials: We see a slight knock, but the business case is still strong with $25M in savings over 25 years and the system is paid off in year 7. 🚀 NVP: $4M --> $2.7M IRR: 19% --> 14% Simple payback: 4 years --> 7 years 25-year savings: $28M --> $25M Listen to the episode for a deeper dive. The link is in the comments and streaming on all major platforms. #energytransition #solarenergy #RenewableRides #onsiteenergy #energypolicy

  • Heading to SXSW? Join us for a panel presented by Catalyst by Wellstar on health system-backed startups driving sustainable outcomes with VECKTA's CEO Gareth Evans, CEO of Bee Downtown Leigh-Kathryn Bonner and Managing Partner of VoLo Earth Ventures Eric Riesenberg. The connection between climate and health outcomes is clear. This engaging panel will illuminate how one of the largest health systems in Georgia is investing in startups that are cultivating and powering a more sustainable and healthier future. Hear from the visionary leaders of VECKTA, Bee Downtown, and VoLo Earth Ventures about how they have successfully partnered with leading health systems, non-profits & corporations to support sustainable agriculture, promote onsite energy systems like microgrids, and accelerate progress toward net zero greenhouse gas emissions.  Key Takeaways:  - Successful approaches for cleantech startups to gain investment from & pilot with complex, highly regulated organizations like large health systems.    - Metrics of success ranging from local sustainable agriculture efforts to evaluating large-scale renewable energy projects across multiple sites. - Cleantech trends and innovation opportunities The panel is on March 9, 10-11 AM. #sustainability #energytransition #healthcare #startups

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  • In this week's podcast episode, we discuss the biggest takeaways from the Engage workshop with 70+ leaders from 15 major ATL corporations. Link: https://lnkd.in/e_UyQSgK #energytransition

    View organization page for Engage

    5,476 followers

    Facilities, energy, and real estate leaders from Engage’s Corporate Partners and startups convened on Georgia Tech’s campus to attend the Engage Innovator Summit on Smarter Buildings and Energy. The event had over 70 attendees from more than 15 of Atlanta’s leading organizations like The Coca-Cola Company, Cox Enterprises, The Home Depot, UPS, the City of Atlanta, and faculty from Georgia Institute of Technology. This esteemed group discussed topics ranging from the way projects are financed through future visions for Sustainable Buildings. The setting matched the theme as the The Kendeda Building for Innovative Sustainable Design at Georgia Tech (“the world’s greenest classroom”) served as the backdrop for engaging fireside chats and presentations from Invesco Ltd., Georgia Power Company, VECKTA, and many more – sharing their ambitions for sustainability alongside experts from the Engage Corporate Network to deliver the future of Sustainable Buildings. Thank you again to our amazing corporate partners for leaning in and sharing their points of view with our other partners, the City, and our portfolio startups!

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  • The technology and economics are here to propel the energy transition forward. However, some hidden institutional hurdles stall real progress. A big and easy one to solve is corporate permafrost. #energytransition

    View profile for Gareth Evans

    Empowering Businesses to Own Their Energy | CEO & Founder at VECKTA | Simplifying Onsite Energy for Sustainable, Profitable Success | Writer, Speaker & Podcast Host Inspiring Positive Change

    Here's the thing about the energy transition - it's not about technology anymore. It's not even about economics. It's about breaking through what we call "corporate permafrost" - that stubborn layer of management where even the most promising initiatives freeze solid. The numbers tell the story: 90% of companies know they need to change their business model to stay competitive, yet there's this massive gap between executive enthusiasm and frontline action. Think about this: 69% of CEOs call sustainability an enormous business opportunity in 2024, but only 25% of companies are making real progress. The disconnect is staggering. Here's an example of that playing out in the real world. We ran a successful pilot for a global company, analyzing nearly 1,200 of their sites for energy savings potential. The results showed $1.7B in savings for sites with strong business cases. Everything looked great, and then... nothing. Complete freeze. Why? One middle manager who didn't believe solar or batteries were economically viable based on his Excel calculations. Having deployed just ten projects over fifteen years, the opportunity cost was massive. The kicker? The company finally moved forward with the initiative, but only after that manager retired. The numbers in this space are mind-bending. We've looked at 25,000 sites through our platform, and time after time, we see rock-solid business cases for onsite energy. Yet here we are, with only 3.5% of U.S. buildings having solar and even fewer with hybrid onsite energy systems. Think about that - we're leaving over 150GW of potential just sitting there. There are organizations that have broken through this permafrost and are derisking their businesses and setting themselves up for profitable and sustainable results for decades to come. A cold storage company in a matter of months, with a collaborative process involving the executive team, PE firm, and operations leaders leveraged our marketplace to source quotes for an onsite energy system to mitigate rapidly escalating rates in Northern California. They were able to negotiate a fixed price Energy as a Service contract at a rate of 8.5 cents/kWh for the next 20 years versus paying Pacific Gas & Electric 25 cents today, with the risk of these rates escalating uncontrollably. This will save the company over $25M in energy costs and act as a hedging strategy. Their competitors will be paying more for energy from the outset and will be exposed to ongoing margin erosion as rates rise. The permafrost is blocking access to opportunities for companies to truly protect and differentiate themselves. Leading companies know that onsite energy is a core pillar of the future success of their businesses. They realize this is a fiscal responsibility and unique business opportunity. Change is happening. The only question is: will companies drive it, or be driven by it? Link to my full article in the comments.

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  • We co-hosted a panel with 70+ leaders from F500 companies about the biggest opportunities they see in onsite energy and the biggest barriers they encounter to deploying at scale. The top challenge they need to solve? The most pressing challenge we heard isn't just rising energy costs - it's the unpredictability. How do you confidently forecast when your energy costs might surge 20% one year and 5% the next? Energy typically represents 5-40% of operating costs, and it's the lifeblood of operations. Yet most businesses are at the mercy of market fluctuations, making strategic planning feel like guesswork. Here's the reality: If executives could have locked in their energy costs two decades ago, they would have. Today, onsite energy generation offers exactly that opportunity - the ability to secure predictable energy costs for the next 10-30 years. #energytransition #onsiteenergy #renewablerides This isn't just about savings. It's about giving businesses the cost certainty they need to plan, grow, and thrive with confidence. Link to our podcast reviewing the biggest takeaways from the workshop in the comments.

  • After talking with 40+ Chief Sustainability Officers from leading companies about how they are managing this moment in corporate impact, our guests on this week's podcast episode realized a strong trend was emerging. Leaders spend a lot of time managing tensions internally and externally. The last few years saw waves of support for sustainability, enhanced compliance, increased regulation, and backlash. Mastering the discipline of tension management became core to their effectiveness in the organization and satisfaction with their roles. Listen to the entire episode and read the report on Trellis Group. Links are in the comments.

  • We are looking forward to our first time presenting at SXSW! Our CEO, Gareth Evans, will speak on two sustainability-related panels organized by Catalyst by Wellstar. Let us know what events we should not miss!

    View organization page for Catalyst by Wellstar

    2,970 followers

    We are excited to share that Catalyst by Wellstar is heading to #SXSW2025 March 7 – 11th! We're bringing healthcare innovation to one of the biggest global stages. From groundbreaking sustainability initiatives to game-changing startup collaborations, Catalyst is leading the charge in reimagining the future of healthcare.  We will be showcasing how Wellstar Health System—one of Georgia’s largest health systems—is investing in sustainability-focused startups to drive meaningful change in healthcare.  Our team will be active at the Capital Factory House and weighing in on the Future of Healthcare at the FINN | Humble House.  Stay tuned for more details on our events, speaker spotlights, and ways to connect with us in Austin!  #SXSW #CatalystAtSXSW #HealthcareInnovation #Sustainability  Check out our incredible speakers & partners: Gareth Evans VECKTA Leigh-Kathryn Bonner Bee Downtown VoLo Earth Ventures Hank Capps, MD FAAFP Catalyst by Wellstar SXSW Eric Riesenberg FINN Partners humble ventures Nick Spiller Allyson Eman Venture Atlanta Conference Tanaka Isheanesu Capital Factory Francis B. Linnane Lori L. Westphal, PhD, MPH Yasho Singh Patric Rayburn Eddie Chen, MPH Fernando Mattos

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