Everyday Electric Acquired Software Firm Smartcar

The energy management company aims to integrate vehicle connectivity tools into its existing virtual power plant operations.

Updated on Oct. 11, 2026 in Electric Vehicles

Everyday Electric Acquired Software Firm Smartcar

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Everyday Electric, formerly known as Renew Home, has acquired the automotive software company Smartcar. This move allows the firm to integrate vehicle-to-grid connectivity into its residential energy management operations in the United States.

Why it matters

The acquisition enables Everyday Electric to expand its reach into electric vehicle energy management, aiming to bolster the efficiency of its residential virtual power plant network.

Everyday Electric currently operates a virtual power plant in the United States that coordinates 6 gigawatts of flexible capacity. The company has set a target to deliver $5 billion in household savings over the next five years.

The players

Everyday Electric

Formerly known as Renew Home, this company operates a virtual power plant in the United States that manages flexible electricity capacity.

Smartcar

This software company provides automotive integrations that connect vehicles to energy and mobility platforms without requiring vehicle-side hardware.

The details

Smartcar provides technology that connects vehicles to energy and mobility services without requiring additional hardware. The existing platform and staff from Smartcar will join Everyday Electric, with current services for customers continuing without any interruption.

Everyday Electric has set a five-year target to deliver $5 billion in household savings.

Roadmap

The acquisition follows the expansion of the virtual power plant model as a key tool for modern grid stabilization. This integration positions Everyday Electric to better compete by controlling energy consumption directly through consumer vehicle software.

Existing Smartcar customers should experience no interruption to their current services following the transition. Drivers connected to the network may see improvements in managed charging efficiency as the company integrates new automaker partnerships.

The takeaway

This merger signals a transition toward software-based energy management that bypasses the need for physical equipment in homes and vehicles. Consumers can expect increased automation in how their electric vehicles interact with utility demand-response programs.