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Tank Utility

Acquiredby Generac Power Systems · September 2021

IoT tank monitors that cut wasted fuel-delivery miles

  • Energy
  • Hardware
  • Logistics
  • Delivery
tankutility.com ↗

About

Tank Utility made wireless monitors for propane and heating-oil tanks, and the software that let fuel distributors see every customer's level in real time. Instead of delivering on fixed routes and guesswork, distributors could plan deliveries around actual demand, cutting wasted truck miles, while homeowners got an app that warned them before a tank ran dry.

The idea came from a weekend at a ski house where a group of EnerNOC employees arrived to find the propane tank empty. Amos Epstein, Kyle Murphy and Nicholas Mashburn started the company in Boston in 2014. It raised $8.2M, and Generac acquired it in 2021, keeping Tank Utility running as a business inside Generac.

Array invested in Tank Utility's $6M round in February 2019, led by Bullpen Capital.

Record

Stage
Seed
Category
Energy
Location
Boston, Massachusetts
Team
11-50
Total raised
$8.2M
Array came in at
Venture, 2019

Founders

  • Amos Epstein

    Co-Founder & CEO

    Previously worked in demand response grid operations and product at EnerNOC, and co-founded SwayMarkets as CTO; after the acquisition ran Tank Utility as a general manager at Generac, then led marketing strategy at ecobee and product strategy at Generac.

  • Kyle Murphy

    Co-Founder & CTO

    Previously spent six years at EnerNOC as a database and analytics engineer.

  • Nicholas Mashburn

    Co-Founder

    A licensed professional engineer who was an energy engineer at EnerNOC; led partnerships and then product at Tank Utility before staying on as a board member, and later directed digital energy solutions at Parsons.