Background
Founded in 2015 and headquartered in New York City, Novele is dedicated to transforming urban environments through advanced energy technology. The company's mission is to develop intelligent, sustainable, and accessible power solutions that deliver significant financial returns. Novele's vision is to equip every building with smart power solutions like the EnergyBoard, accelerating the shift to a clean energy future and fostering a healthier, more equitable world.
Key Strategic Focus
Novele specializes in energy storage solutions tailored for dense urban settings. Their flagship product, the EnergyBoard, is a revolutionary IoT energy storage device designed to enhance resiliency and efficiency in buildings. By focusing on the integration of cutting-edge technology with sustainable practices, Novele aims to address the unique energy challenges faced by urban infrastructures.
Financials and Funding
As of 2025, Novele's estimated annual revenue is approximately $4.2 million, with a workforce of over 20 employees. The company has experienced significant growth, increasing its workforce by 122% in the past year. Novele has attracted investments from industry leaders, including the Bjarke Ingels Group, Techstars, and Ginco (UAE), among others in the real estate, energy, and technology sectors.
Pipeline Development
Novele's primary product, the EnergyBoard, has achieved key safety certifications, including UL 1973 and UL 9540, and has demonstrated industry-leading results in the UL 9540A fire test. These milestones underscore the product's safety and reliability, positioning it as a leading solution in the energy storage market.
Technological Platform and Innovation
The EnergyBoard stands out due to its thin, wall-mounted design, making it suitable for various applications, from uninterruptible power supply (UPS) for office spaces to demand curtailment for entire buildings. This design ensures that it does not occupy valuable building space, addressing a common concern in urban environments.
Leadership Team
- Charles Conwell III: Chief Executive Officer & President
- Keith Angell: Chief Financial Officer
- Lorenzo Zemella: Co-Founder & Chief Technology Officer
- Steven Ruth: Technical Market Development Executive
- AJ Glassberg: Co-Founder & Chairman
In September 2024, Novele appointed Dr. Geng Niu as Chief Technology Officer, bringing expertise in energy and technology innovation to the leadership team.
Competitor Profile
Market Insights and Dynamics
The energy storage industry is experiencing rapid growth, driven by increasing demand for sustainable and efficient power solutions in urban areas. Innovations like Novele's EnergyBoard are pivotal in addressing these demands, offering scalable and space-efficient solutions.
Competitor Analysis
Novele faces competition from companies such as The Mobility House, Delbras UPS, Yotta Energy, and GS Service. These competitors offer various energy storage and management products, each with unique features and market focuses.
Strategic Collaborations and Partnerships
In January 2025, Novele announced a strategic partnership with Evolution Sustainability Group to advance energy management and sustainability solutions. This collaboration aims to enhance Novele's market position and innovation capacity.
Operational Insights
Novele's focus on integrating advanced technology with sustainable practices, coupled with strategic partnerships, positions the company to effectively address the unique energy challenges of urban infrastructures.
Strategic Opportunities and Future Directions
Novele is poised to expand its product offerings and explore international markets, aiming to become a leading player in the energy storage industry. By leveraging innovative technologies and enhancing user experience, Novele seeks to set new standards in the energy storage space.
Contact Information
- Website: www.novele.com
- Careers: www.novele.com/about
- News and Updates: www.novele.com/what-is-new
