RE

Rhythm Energy

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Company Research Report for Rhythm Energy



Company Overview


Name, Mission of the Company


  • Name: Rhythm Energy

  • Mission: Rhythm Energy's mission is to elevate customers' expectations of their electricity provider by offering fair and transparent pricing, best-in-class customer care, and 100% renewable energy solutions.


Founding Details


  • When Founded: No information is available.

  • Founders: No information is available.


Key People


  • Key People in the Company: No information is available.


Headquarters


  • Headquarters: 24 Greenway Plaza Suite 610, Houston, TX 77046


Number of Employees


  • Number of Employees: No information is available.


Revenue


  • Revenue of the Company: No information is available.


Reputation


  • Known For: Rhythm Energy is known for being a fast-growing, customer-centric renewable energy provider in Texas, offering 100% renewable energy plans and technology-driven solutions to manage energy usage effectively.


Products


Product Offerings


Rhythm Energy offers a wide range of renewable energy plans tailored to different customer needs. Here is an overview of their primary products and their key features:

PowerShift Plans


  • Description: These plans allow customers to shift energy usage to times when electricity is cheapest and greenest, offering incentives to save money by using power during off-peak hours.

  • Key Features:

  • Lowest daytime energy rate in Texas.

  • Time-dependent fixed rates.

  • $5/month credit with Auto Pay and Paperless billing.


PowerShift Payback Plan


  • Description: Connects customer's smart thermostat with the Texas power grid to stabilize it and get rewarded.

  • Key Features:

  • $5/month credit for connecting a smart thermostat.

  • Time-dependent fixed rates.

  • Renewable energy-backed plan.


Digital Discount Plan


  • Description: Offers monthly credits for customers who enroll in Auto Pay and Paperless billing.

  • Key Features:

  • $5/month credit with Auto Pay & Paperless.

  • 12-month fixed-term.

  • 100% renewable energy.


Solar Buyback Plan


  • Description: Allows customers to sell excess solar power back to the grid.

  • Key Features:

  • Unlimited credit rollover and no cap on bill credits.

  • Time-dependent import and export rates.

  • One of the best buyback rates in Texas.


Simply Drive Plan


  • Description: Designed specifically for electric vehicle owners, providing affordable energy rates and charging incentives.

  • Key Features:

  • $100 in EVgo charging credits.

  • 12-month fixed rate.

  • 100% renewable energy.


SimpliSafe Home Security Bundles


  • Description: Bundle electricity plans with home security systems to provide comprehensive protection.

  • Key Features:

  • 7-piece or 5-piece SimpliSafe home security system.

  • Free professional monitoring for the first 2 months.

  • Fixed-rate plans for up to 24 months.


Recent Developments


Updates and Announcements


Recent Developments


  • Sponsorships and Partnerships:

  • Partnered with University of Houston Athletics and SMU Athletics, becoming their official energy company.

  • Sponsored Thursday on Tap at the Perot Museum.

  • New Energy Plans:

  • Launched the "PowerShift" and "PowerShift Payback" plans to incentivize off-peak energy usage.

  • Introduced new electricity plans focusing on renewable energy from sources like wind (Texas Breeze Plan) and solar (Texas Shine Plan).

  • Smart Thermostat Integration:

  • Launched integration with Amazon and Honeywell smart thermostats, providing customers with monthly credits for participating in energy-saving programs.


Product Launches


  • Home Security Bundles:

  • Launched new bundles that combine electricity plans with SimpliSafe home security systems.


New Partnerships


  • ENGIE Partnership:

  • Secured a working capital facility from ENGIE Energy Marketing NA, Inc. to accelerate their mission of providing 100% renewable energy solutions.


New Features


  • Protection Plans:

  • Introduced comprehensive protection plans for HVAC systems, plumbing, and surge protection, partnering with top-tier service technicians.




This report summarizes the crucial elements of Rhythm Energy based on the available data, highlighting their commitment to renewable energy, innovative product offerings, and notable partnerships.