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.
