Open Energi provides asset optimisation services focused on grid-scale battery storage, enabling the trading and optimisation of low-carbon technologies. The company is self-described as a market-leading asset optimisation specialist.

Open Energi

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

Albemarle Corporation

Energize Capital is a financial services firm that specializes in providing innovative financing solutions for renewable energy projects. The company focuses on solar, wind, and energy storage sectors, offering a range of financial products and services to support the transition to a sustainable energy future.

Energize Capital

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Raghu Belur

Martin Fornage

Enphase Energy, Inc.

Open Energi | 6,703 followers on LinkedIn. Open Energi is a market-leading asset optimisation specialist. We are a bp Company. | Open Energi, a bp Company create advanced technology to deliver an affordable, zero carbon energy future. We automate and optimise a network of distributed energy resources to radically reduce energy costs and provide flexible capacity to enable a 100% renewable energy system. Our Dynamic Demand 2.0 platform uses artificial intelligence to safely co-ordinate distributed energy resources at scale and trade flexibility across energy markets in real-time.

Technology Executive and Investor: Commercial Director and Head of Growth at bp Launchpad | Non-executive Director | Member Revenue Collective /…

Richard Jones

Head of Origination, Power & Renewables bp | Board Director, Open Energi

Hormoz Ala

Operations Anlayst @ Open Energi

Tony Ford

Head of Account Management and Contracts at Open Energi

Clive Booth

Curious what happens when bp’s Open Energi team takes a field trip? 💡 Recently, our team embarked on a journey blending reflection, celebration, and a forward look into 2024. Day 1, we kicked off in the great city of Cambridge. Our tech team took to the stage, diving deep into the latest breakthroughs in the battery power storage space; unveiling our newest tech (the OE Optimiser), to industry updates, to sneak peeks of our upcoming digital insights tool (stay-tuned for updates) On day 2, the team set off to Huntingdon for a field trip to the electrical workshop where the magic happens. All the hardware that our clients use at their sites is manufactured here, getting ready to orchestrate control signals and weave a seamless connection with the OE cloud. 🔧🌐 Great for all of our team to get a better understanding how we build and use our product, enhancing team knowledge and fostering innovation. But it wasn’t just the future we talked about; we took time to reflect on our 2023 journey too; Growth with bp: Our collaboration soared to new heights, sealing a significant deal with Harmony Energy Income Trust, where bp and Open Energi will provide power trading and optimisation services for two battery energy storage systems totalling over 80MW. Industry leadership at #EnergyStorageSummit 2023: We showcased our expertise at the largest Energy Storage Summit, emphasising the importance of innovative optimisation and trading. The theme of ‘optionality’ highlighted the need for flexibility in adapting to market dynamics. Battery activity and market trends: The summit shed light on batteries' increasing prominence in the balancing mechanism and other ways that batteries could help reshape the trading landscape. As we approach 2024, Open Energi remains committed to advancing the energy sector through innovation and reliability. Huge thanks to the entire bp and Open Energi community, and our customers past, present & future, for your ongoing support. Wishing you a festive holiday season and a happy new year! Best regards, bp's Open Energi team 🌐⚡ #MyOE #bp #energy #battery #energyflexibility #storage

Exciting news from the OE Team! 💡 At Open Energi we are thrilled to welcome Tim Sparks , as the newest addition to our bright and brilliant team. With an impressive background in the power and energy industry – both as a consultant and a trader – Tim is here to make an impact. Leading our battery power market insights team, he will play a pivotal role in helping shape the future of bp and Open Energi in established and new power markets. And he will be overseeing the strategy and improvement of our managed assets. Together, we're set to continue pushing the boundaries of what's possible in the world of energy optimisation. 💪 Join us in extending a warm welcome to Tim! 🎉 And.. If you’re interested in new opportunities at OE, check new roles here. https://lnkd.in/dJfg75ux #MyOE #battery #energy

'Tis the season of Triads – 2023/2024! What to expect for #batteryoptimization ? As we approach the winter season here in Europe, we'd like to share some insights on #Triads in the context of the new reforms initiated by the recent #TargetedChargingReform (TCR) and how our automated optimization technology is well placed to maximize potential opportunities. In a nutshell: Triads are an annual set of three half-hour peak periods with the highest electricity demand between November and February. These are published every year by National Grid and are used to help reduce peak demand through #TransmissionNetworkUseofSystem (TNUoS) charging. During the previous ‘triad season', and for the first time since 2013, a triad occurred on a Friday. As highlighted by the #EnergyIntelligenceCentre earlier this year, this occurrence went unnoticed by the majority of suppliers due to National Grid’s low peak demand forecast. Open Energi (OE) saw it coming, and finished 4th in last year's triad season leaderboard collated by Modo Energy . We successfully predicted all three triad days and captured two settlement periods with full export dispatches, despite having a smaller battery and shorter duration, as compared to the growing number of the new two-hour duration assets. The recent implementation of the Targeted Charging Review reforms has changed the price structure of triads for this year. However, triad prices will continue to vary regionally. At OE, we assess how different battery systems perform in each region, and this is one of the considerations we input into our automated optimization strategy for our customers. Within our portfolio of #gridscalebatteries , the Hill Farm battery in Leicestershire which OE optimizes is a perfect example. With a lower export price and no penalty on importing during high-side ancillary services, these high-side ancillary services could potentially become a more lucrative option as we approach the triad pricing demands. We will continue to manage asset and site constraints such as cycling, degradation, particularly with regards to utilization of high throughput services such as Dynamic Regulation (DR). The interest within this challenge increases further given the new Enduring Auction Capability (EAC) platform this year. If you wish to better understand the impacts of the updated triad rules on your asset and its optimization, don’t hesitate to get in touch. We are uniquely placed to support given our offering combines bp’s trading experience and market insight with OE’s leading optimization platform. Photo by Sander Crombach on Unsplash

Metric
Company Name	Open Energi	Albemarle Corporation	Energize Capital	Enphase Energy, Inc.
Symbol		ALB		ENPH
MSH ID	COM:OPENENERGI	COM:ALBEMARLE	COM:ENERGIZECAP	COM:ENPHASE
Market	PRIVATE	STOCKS	PRIVATE	STOCKS
Sector	Energy	Basic Materials	Financial Services & Finance	Energy
Industry	Energy Storage and Optimization	Chemicals - Specialty	Renewable Energy Finance	Solar
Country	GB	US	US	US
Stage
Employee Count		9K	23	3.16K
Website	openenergi.com	albemarle.com	energizecap.com	enphase.com
LinkedIn	open-energi		energize-cap	enphase-energy
Founders

Metric
Market Cap	11.39B		14.52B
Enterprise Value
Monthly Web Traffic	82.51K	4.24K	1.06M
Web Traffic Growth	0.76	0.50	0.34
Valuation
Raised Capital	2B		10M

Metric
Revenue	9.62B	2.29B
Revenue (LTM)
Revenue (NTM)
Gross Profit	1.20B	1.06B
EBITDA	671.07M	445.74M
Operating Income	241.12M	445.74M
Net Income	1.57B	438.94M
EPS	13.41	3.22
Diluted EPS	13.36	3.06
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.12	0.46
Operating Profit Margin	0.02	0.19
EBITDA Margin	0.07	0.19
Net Profit Margin	0.13	0.19
Return on Equity	0.13	0.45
Return on Assets	0.07	0.13
Return on Capital Employed	0.01	0.16

OPEN

COM:OPENENERGI

Open Energi

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	4.82	23.23
P/B Ratio	1.30	13.09
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.87	11.86
EV Multiple	13.92	73.15

Metric
Days Sales Outstanding	63.08	75.38
Days Payables Outstanding	94.62	22.07
Days Inventory Outstanding	99.14	84.27
Operating Cycle	163.36	165.92
Cash Conversion Cycle	83.40	131.42
Asset Turnover	0.53	0.68

Metric
Operating Cash Flow	1.33B	696.78M
Free Cash Flow	-823.96M	586.38M
Cash Flow to Debt	0.32	0.54
Operating Cash Flow/Sales	0.14	0.30
Free Cash Flow Yield	0.04	0.06

Metric
Cash & Equivalents	889.90M	288.75M
Accounts Receivable	-350.65M	-12.48M
Inventory	2.16B	213.59M
Goodwill	1.63B	214.56M
Debt to Capitalization	0.30	0.60
Debt to Assets	0.19	0.36
Current Ratio	1.81	3.36
Quick Ratio	1.91	4.02

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00	0.08
R&D to Revenue	0.01	0.08
SG&A to Revenue		0.05