EnergyHub acquires Bridge to Renewables to expand EV grid solutions

NEW YORK - EnergyHub, a provider of grid-edge flexibility solutions, announced Thursday the acquisition of Bridge to Renewables (BTR), a move aimed at accelerating utility electric vehicle program growth.

The acquisition brings BTR’s telematics-based solutions, which connect with over 500,000 electric vehicles, and its partnerships with 12 EV manufacturers into EnergyHub’s distributed energy resource (DER) ecosystem.

BTR specializes in EV telematics-based solutions used by EV original equipment manufacturers (OEMs) to enable connected vehicles to participate in low carbon fuel standard programs and managed charging initiatives.

EnergyHub currently provides Virtual Power Plant technology to more than 80 North American utilities, managing over 120 programs that integrate EVs, connected thermostats, batteries, and other flexible devices.

"BTR has proven its value as the connective layer between drivers, EV OEMs, and multiple DERMS providers and regulators," said Seth Frader-Thompson, President of EnergyHub, according to the company’s press release.

Jack Barrow, co-founder and Chief Executive Officer of BTR, stated that "EnergyHub is the ideal partner to bring the benefits of our combined platforms to our OEM partners and millions of EV drivers."

The companies indicated that the acquisition will provide accelerated growth for utilities’ managed charging programs through BTR’s existing integrations with EV OEMs, streamlined access to new opportunities for EV manufacturers, and simplified experiences for EV drivers. This strategic move aligns with Alarm.com’s proven track record of profitability, as InvestingPro data shows the company maintains a healthy 65.77% gross profit margin and operates with a moderate level of debt.

EnergyHub is an independent subsidiary of Alarm.com (NASDAQ:ALRM), a $2.87 billion market cap company that has demonstrated solid financial performance with a 7.81% revenue growth in the last twelve months. According to InvestingPro analysis, Alarm.com maintains strong financial health with liquid assets exceeding short-term obligations. The platform’s Fair Value analysis suggests the stock is currently undervalued, presenting a potential opportunity for investors. For detailed insights and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Alarm.com reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.60, compared to the forecast of $0.51. The company’s revenue also exceeded predictions, reaching $254.3 million against an anticipated $244.17 million. Additionally, Alarm.com experienced approximately 9% year-over-year total revenue growth in Q2, an acceleration from the 7% growth observed in the first quarter. This growth was driven by continued SaaS revenue upside and further acceleration in hardware revenue.

Raymond James reiterated its Strong Buy rating on Alarm.com stock, maintaining a price target of $80.00 following these results. Despite the strong financial performance, the stock saw a decline in after-hours trading. These recent developments highlight the company’s robust performance and the confidence analysts like Raymond James have in its future prospects.

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