Radar · Energy in Utah
Best Energy Companies in Utah, United States
The 110 best Energy companies in Utah, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Vivint Solar.
By Riya SenguptaFinancials
110companies tracked
$3.8Bdisclosed funding
0unicorns
25have raised
FLIAR INTELLIGENCE · ENERGY × UTAH
Our analysis of 171 Energy companies
$71.4b in tracked funding; 82% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
171companies analysed
82%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2015median founding year
96kcombined LinkedIn audience
46%of audience held by top 3
3companies hiring publicly (12 mo)
Ranked: Best Energy companies in Utah
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Vivint Solar Provider of solar installation and designing services for residential | $3.2B | 82 mo ago | 2,357 | 2011 | — | — | 26 patents Residential solar PV hardware integration, mounting, carrier systems, and performance measurement | — |
| 2 | Red Leaf Resources Developer of EcoShale In-Capsule technology to produce liquid transportation fuels from oil shale | $159M | 109 mo ago | 6 | 2006 | — | — | 401 patents Low‑temperature oxidative pyrolysis for carbon‑ore and oil‑shale conversion, CO₂ capture | — |
| 3 | Lumio Provider of residential solar power systems and installation services | $110M | 54 mo ago | 179 | 2021 | — | WordPressApple iCloud MailGoogle Workspace+22 | 18 patents Optical touch-screen panels using reflector-based light sensing and drift compensation. | — |
| 4 | Wolverine Fuels Producer of coal | $89M | 155 mo ago | 763 | 1995 | James Grech CEO | — | — | — |
| 5 | Torus Manufacturer of power generators and energy management app 40Patents top 24%Funding top 29%Innovation top 30%Tech top 30% All 11 signals ▾Patentstop 24% Fundingtop 29% Innovationtop 30% Techtop 30% Growthtop 35% Producttop 36% Talenttop 38% Globalbottom 40% Moatbottom 40% Marketbottom 14% Fin. healthbottom 8% Patents: 56 patents matched (strict assignee match) · 54 filings since 2022 vs 0 in 2017-21 Funding: Raised $67.0M across 3 rounds · 3 rounds over 2 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $67M | 1 mo ago | 1 | 2021 | Nate Walkingshaw Co-Founder & CEO | DatoCMSApple iCloud MailGoogle Workspace+30 | 56 patents Flywheel-based mechanical energy storage with magnetic bearings and AI management | 1 partnership · 2 awards |
| 6 | CleanJoule Manufacturer of sustainable aviation fuel | $50M | 36 mo ago | 7 | 2009 | Ashok Joshi Co-Founder | WordPressApple iCloud MailMicrosoft 365+14 | 7 patents Cyclooctane-based fuel additives and seal swelling compounds, plus bicyclic hydrocarbon production processes. | — |
| 7 | Zanskar Provider of geothermal & minerals mining services | $42M | 5 mo ago | 25 | 2020 | Joel Edwards Co-Founder & CTO | Cart FunctionalitySquarespace CommerceSquarespace+12 | — | — |
| 8 | Lion Energy Manufacturer of solar panel | $25M | 17 mo ago | 106 | 2012 | — | Shogun Page BuilderCart FunctionalityShopify+47 | — | — |
| 9 | FX Energy Oil & gas exploration and production company | $20M | 143 mo ago | 55 | 1989 | — | — | 1,199 patents Advanced fluid power, hydraulic fracturing, and energy recovery for oil/gas and uranium processing | — |
| 10 | Goal Zero Manufacturer of portable power stations, solar generators, and home backup systems | $13M | 158 mo ago | 137 | 2010 | — | Cart FunctionalityShopifyApple iCloud Mail+41 | 99 patents Portable solar-powered energy storage and generator systems with modular battery management | — |
| 11 | Geopower Energy Developes and operates geo-thermal energy assets | $9M | 131 mo ago | — | 2010 | Ben Mead CEO & MD | — | — | — |
| 12 | Profire Energy Combustion management and chemical injection solutions 64Innovation top 20%Product top 26%Fin. health top 27%Talent top 28% All 11 signals ▾Innovationtop 20% Producttop 26% Fin. healthtop 27% Talenttop 28% Techtop 42% Growthtop 48% Fundingbottom 46% Marketbottom 45% Globalbottom 32% Moatbottom 26% Newsbottom 21% Innovation: 4 product lines Product: 4 distinct product lines · Company stage: Acquired rank vs industry peers · Fliar Intelligence Index 64/100 | $7M | 111 mo ago | 72 | 2002 | Harold Albert Co-Founder | WordPressApple iCloud MailMicrosoft 365+27 | — | — |
| 13 | GFE Sustainable Sustainable resource company focused on clean energy, water, and community development | $6M | 87 mo ago | 3 | 2009 | Kevin Dwyer CEO | — | — | — |
| 14 | Suncrest Solar Residential solar installation company | $6M | 136 mo ago | 51 | 2013 | — | — | — | — |
| 15 | Blue Raven Solar Residential solar installation | $6M | 127 mo ago | 201 | 2014 | — | WordPressApple iCloud MailMicrosoft 365+51 | — | — |
| 16 | MULTIVOICE Manufacturer of precision turnkey manufacturing services, spin rolls, and industrial filtration | $6M | 137 mo ago | 32 | 2011 | — | — | — | — |
| 17 | sPower Global energy leader powering the future through innovation and sustainable solutions | $3M | 93 mo ago | 2,500 | 2012 | Ryan Creamer CEO | — | — | — |
| 18 | Powder Watts Manufacturer of heat cables and smart roof 14Funding bottom 48%Talent bottom 45%Product bottom 40%Global bottom 29% All 5 signals ▾Fundingbottom 48% Talentbottom 45% Productbottom 40% Globalbottom 29% Marketbottom 26% Funding: Raised $2.5M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) Talent: 1 named leader on record rank vs industry peers · Fliar Intelligence Index 14/100 | $2M | 35 mo ago | 12 | 2019 | Thomas Clardy Founder & CEO | — | — | — |
| 19 | LNPR Group Manufacturer of renewable energy equipment | $1M | 35 mo ago | — | — | Mark Emerson Co-CEO | — | — | — |
| 20 | rPlus Energies Developer of solar energy projects | $1M | 28 mo ago | 36 36 → 79 (+119%) | 2018 | — | Cart FunctionalitySquarespace CommerceSquarespace+15 | — | — |
| 21 | NGON Solutions Provider of upstream and midstream energy services | $722K | 56 mo ago | 18 | 2021 | Matthew Tunney CEO | — | 6 patents Secure flash memory data protection, recovery, and direct storage device access | — |
| 22 | Washakie Renewable Energy Accredited BQ-9000 Biodiesel Manufacturer | $497K | 175 mo ago | 40 | 2007 | — | — | — | — |
| 23 | GoPlug Bags Makes backpack integrated with solar PV | $338K | 139 mo ago | 12 | 2014 | — | — | 12 patents Integrated portable power banks and charging receptacles embedded in bags | — |
| 24 | Raser Technologies Geothermal power developer | $300K | 230 mo ago | — | 2003 | Nick Goodman Founder & CEO | — | 8 patents Patents concentrated in electrical & electronics | — |
| 25 | Windward Engineering Provider of wind turbine design, field testing, analysis, and certification | $272K | 13 mo ago | — | 1994 | — | — | — | — |
Top 12 Energy companies in Utah
#1
Series D · Lehi, Utah · founded 2021 · 1 employees$67Mraised▾
Series D · Lehi, Utah · founded 2021 · 1 employees
Manufacturer of power generator from the sun or other renewable energy sources.They have developed an app for monitoring power generation and storage in real time, and easily load shift to maximise energy efficiency.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Patents
top 24%Funding
top 29%Innovation
top 30%Tech
top 30%Growth
top 35%Product
top 36%Patents: 56 patents matched (strict assignee match) · 54 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Funding: Raised $67.0M across 3 rounds · 3 rounds over 2 yrs (1.5/yr) · Last round Conventional Debt (May 2026)
Innovation: 56 patents (top 36% of patent-holders) · 54 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Tech Hardware
Audience (LinkedIn): 9k LinkedIn followers — 9.3% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 2 awards (incl. Torus) announced in 12 mo
Funding rounds
- May 2026Conventional Debt$35M
- Sep 2025Series D$200M
- Apr 2024Series C$67M
Founders & team
Investors
Origin Ventures, EPIC Ventures, The Larry H. Miller Company, Zions Bank, Pelion, Iconiq Capital
Tech stack
Apple Icloud MailAxeptioCloudflareCloudflare Bot ManagementCore-JsCrazy Egg
#2
Series C · Salt Lake City, Utah · founded 2020 · 25 employees$42Mraised▾
Series C · Salt Lake City, Utah · founded 2020 · 25 employees
Zanskar Geothermal & Minerals is a company that utilizes AI, big data, and advanced sensing techniques to identify and explore the world's most prolific geothermal systems. They aim to make geothermal power the cheapest and widely-deployable form of energy.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers — 8.8% of this cohort's audience
Activity: 1 partnerships (incl. California Community Power (CC Power)) announced in 12 mo
Founders & team
Investors
Union Square Ventures, Lowercarbon Capital, First Star Ventures, Grantham Foundation, Safar Partners, Munich Re
Tech stack
CloudflareCloudflare Bot ManagementGoogle AnalyticsGoogle Font ApiHstsLit-Element
#3
Funding Raised · American Fork, Utah · founded 2012 · 106 employees$25Mraised▾
Funding Raised · American Fork, Utah · founded 2012 · 106 employees
Manufacturer of solar panel
LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 6.9% of this cohort's audience
Activity: 1 expansions announced in 12 mo
Funding rounds
- Jan 2025Venture Debt$25M
Investors
Great Rock Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAmerican ExpressAnimate.CssApple Pay
#4
Acquired · Lehi, Utah · founded 2011 · 2357 employees$3.2Braised▾
Acquired · Lehi, Utah · founded 2011 · 2357 employees
Vivint Solar provides solar solutions primarily for residential purposes. The company provides solar on power purchase agreement (PPA) model. Vivint Solar designs, installs, and maintains cost-effective solar energy systems, allowing consumers to enjoy the benefits of solar with little to no up-front costs.
Funding rounds
- Aug 2019Conventional Debt$325M
- Jun 2019Post IPO$100M
- Jun 2019Post IPO$360M
- Jun 2019Conventional Debt—
Investors
RBC Capital Markets, US Bank, Summit Partners, Bank of America, Citi, KeyBank
#5
Series C · Salt Lake City, Utah · founded 2009 · 7 employees$50Mraised▾
Series C · Salt Lake City, Utah · founded 2009 · 7 employees
Manufacturer of sustainable aviation fuel
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 2.9% of this cohort's audience
Hiring: 2 hiring posts in 12 mo (public) · momentum -2 · hiring: Sr Director of Business Development, Chemistry Lab Coordinator
Activity: 1 expansions announced in 12 mo
Funding rounds
- May 2023Series C$50M
Founders & team
Investors
GenZero, Cleanhill Partners, Frontier Airlines, Wizz Air, Volaris, Indigo Partners
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCookieyesGoogle AnalyticsGoogle Font Api
#6
Funding Raised · Spanish Fork, Utah · founded 1994$272Kraised▾
Funding Raised · Spanish Fork, Utah · founded 1994
Provider of wind turbine design, field testing, analysis, and certification. The company offers services related to wind turbine projects. These services include design, field testing, analysis, and certification testing. The company also showcases completed projects and provides resources.
Funding rounds
- May 2025Grant (prize money)$272K
Investors
National Science Foundation
#7
Series D · Lehi, Utah · founded 2021 · 179 employees$110Mraised▾
Series D · Lehi, Utah · founded 2021 · 179 employees
Provider of residential solar power systems and installation services. It offers a solution, encompassing financing options and design assistance. The process includes home preparation, solar panel installation, and ongoing power production. The company highlights the financial savings, energy independence, and environmental benefits associated with solar energy adoption. It also provides information on available tax credits.
Funding rounds
- Dec 2021Series D$110M
Investors
White Oak Global Advisors, Fiera Comox, Argoquest
Tech stack
AmbassadorApache Http ServerApple Icloud MailCookieyesCore-JsDocusign
#8
Acquired · Salt Lake City, Utah · founded 2006 · 6 employees$158.8Mraised▾
Acquired · Salt Lake City, Utah · founded 2006 · 6 employees
Red Leaf Resources is a US-based oil and gas company. The company has developed and patented the EcoShale In-Capsule technology to produce high quality liquid transportation fuels from oil shale. The process involves surface mining oil shale, placing it into a clay-lined excavation, covering the shale with layers of impermeable clay and soil, and then heating the shale with natural gas via steel pipes to the point at which pyrolysis occurs and oil, condensate and natural gas are produced.
Funding rounds
- May 2017Series D—
- Apr 2012Series D$97.5M
- May 2010Series C$46.3M
- Jul 2009Series B$15M
Investors
Questerre Energy, Dundee Corporation
#9
Series C · Sandy, Utah · founded 1995 · 763 employees$88.9Mraised▾
Series C · Sandy, Utah · founded 1995 · 763 employees
Producer of coal
LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers · 114 engagements/post (4.3× cohort median)
Founders & team
#10
Seed · Salt Lake City, Utah · founded 2018 · 36 employees$1.1Mraised▾
Seed · Salt Lake City, Utah · founded 2018 · 36 employees
Developer of solar energy projects
LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 5.6% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
- Feb 2024Seed$2.9M
Tech stack
AngularCart FunctionalityCore-JsGodaddyGoogle AnalyticsGoogle Font Api
#11
Seed · Park City, Utah · founded 2019 · 12 employees$2.5Mraised▾
Seed · Park City, Utah · founded 2019 · 12 employees
Manufacturer of smart roofs designed to monitor and control heat cables during winter. The company's product provides alerts for snow build-up, worn-out cables, switched-off cables, or circuit breaker trips, enabling homeowners to reduce power consumption and constantly monitor the roof for leaks.
Fliar Intelligence Index™ 14how this company ranks against its industry peers
Funding
bottom 48%Talent
bottom 45%Product
bottom 40%Global
bottom 29%Market
bottom 26%Funding: Raised $2.5M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Grant (prize money) (Jul 2023)
Talent: 1 named leader on record
Product: 1 published app (28 installs) · Company stage: Seed
Funding rounds
- Jul 2023Grant (prize money)$274.9K
- Oct 2022Seed$2.5M
Founders & team
Investors
National Science Foundation, RLG Capital
#12
Acquired · Salt Lake City, Utah · founded 1989 · 55 employees$20Mraised▾
Acquired · Salt Lake City, Utah · founded 1989 · 55 employees
Oil & gas exploration and production company
Funding & investor landscape
$3.8Btotal disclosed funding
25companies funded
44disclosed rounds
1rounds last 90 days
Most active investors
Notable founders
Nate Walkingshaw
Co-Founder & CEO · Torus
Gilbert Lee
Co-Founder & CMO · Torus
Joel Edwards
Co-Founder & CTO · Zanskar
Carl Hoiland
Co-Founder & CEO · Zanskar
Ashok Joshi
Co-Founder · CleanJoule
James Grech
CEO · Wolverine Fuels
Thomas Clardy
Founder & CEO · Powder Watts
Mark Emerson
Co-CEO · LNPR Group
Eng Wah Kung
Co-CEO · LNPR Group
Kevin Dwyer
CEO · GFE Sustainable
Ben Mead
CEO & MD · Geopower Energy
Harold Albert
Co-Founder · Profire Energy
Prism market signals · United States · country-scoped Prism corpus, 1,994,997 docs
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH IN UTAH · Energy
How research on Energy Storage in Utah is moving
A read on the academic research around Energy Storage in Utah — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 47 papers.
Utah State University and University of Utah lead Utah's energy-storage research, dominantly advancing battery technologies and electrocatalysts, with an optimistic tone reflecting 44 breakthrough/advancement papers versus just 2 concerns.
47 papers · stance +0.65 · 41% breakthrough · 4% concern
top institutions
- Utah State University21
- University of Utah18
- Mutah University6
- Utah Tech University2
leading researchers
Tianbiao Liu · Jian Luo · Bo Hu · Kody M. Powell · Masood Parvania · Blake W. Billings
prism intelligence · tone & topics
89% positive · 0% critical tone
BusinessEducationEnvironmentElectronicsInfrastructureTransportation
▲
Breakthroughs19 · 40%
▼ 100%→29% share
▼0.3× share momentum29 median citations53% since 2021mostly methods-led
Redox and flow battery electrochemistry research is intensifying — together commanding 29 papers among 47 total.
rising sub-themes (early→recent)
- Redox11
- Flow battery11
- Electrochemistry7
- Electrolyte5
- Aqueous solution5
Landmark A Total Organic Aqueous Redox Flow Battery Employing a Low Cost and Sustainable Methyl Viologen Anolyte and 4‐HO‐TEMPO C · 695 cites
◆
Advancements25 · 53%
▲ 0%→66% share
3 median citations92% since 2021mostly methods-led
Grid and photovoltaic system research newly emerged, each reaching 5 papers with renewable energy integration rising.
rising sub-themes (early→recent)
- Renewable energy5
- Photovoltaic system5
- Grid5
- Electric power system4
- Redox4
Newly emergingPhotovoltaic system 0→5 · Grid 0→5 · Renewable energy 0→4
Landmark Status and Prospects of Organic Redox Flow Batteries toward Sustainable Energy Storage · 478 cites
▼
Concerns2 · 4%
▲ 0%→3% share
136 median citations50% since 2021mostly empirical
Pumped-storage hydroelectricity and electricity concerns are newly emerging, though still limited to 1 paper each.
rising sub-themes (early→recent)
- Renewable energy1
- Electricity1
- Pumped-storage hydroelectricity1
- Molten salt1
- Process engineering1
Landmark Review of Wireless Charging Systems for Autonomous Underwater Vehicles · 272 cites
Common questions
How many Energy companies are there in Utah, United States?
Radar tracks 110 indexable Energy companies headquartered in Utah, United States that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Utah, United States?
The Energy companies in Utah, United States on this list have raised a combined $3.8B in disclosed equity funding across 25 funded companies.
Which is the highest-funded Energy company in Utah, United States?
Vivint Solar is the highest-funded Energy company in Utah, United States, with $3.2B in disclosed equity funding.
How many Energy companies in Utah, United States are funded?
25 of the 110 Energy companies in Utah, United States on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Utah, United States?
None of the Energy companies in Utah, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Utah, United States Energy companies?
The most active investors in Utah, United States Energy companies on this list include Haddington Ventures, Sorenson Capital, KeyBank, Mercato Partners, National Science Foundation.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.