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W W W. M A I N E B I Z . B I Z 13 F E B R UA R Y 2 4 , 2 0 2 5 F O C U S E N E R G Y / E N V I RO N M E N T following year, they released the single-outlet Acorn Smart Plug for commercial applications. Today, they offer a single plug management system called Revert Technologies, which is also the name of their four-employee startup now with 30 customers across several states. Li says the plan is to add more school districts, universities, commer- cial gyms, museums "and other places where there is a high utility rate and lots of power-hungry equipment that doesn't need to be on all the time." e company has raised $2.2 million in equity financing to date. e amount includes $1.6 million from outside investors (includ- ing the Maine Venture Fund) and $600,000 in unconverted warrants, pending milestones. Revert also received a $50,000 grant from MTI to produce in Maine, in partnership with Winthrop-based Alternative Manufacturing Inc. Originally based in New York, Li and Lybik relocated to Maine in 2022 via an accelerator program at Northeastern University's Roux Institute in Portland. Today, Li runs the business from Brunswick while Lybik oversees technology from Ann Arbor, Mich., while pursuing a Ph.D. in environmental engineering. "We are grateful for the close- knit community of people in Maine who genuinely care about energy conservation and who generously provided their resources to help us succeed," says Li. "at's really everything we needed to develop a world-class technology and build an impactful business." Marty Grohman, a clean energy enthusiast, startup mentor and former executive director of the Environmental & Energy Technology Council of Maine, is bullish on Revert's growth prospects. "ink about all the unused machines humming away in empty lobbies wasting power and money," he says. "Extend that thinking to mil- lions of business machines, and you can see the opportunity." Renee Cordes, Mainebiz deputy editor, can be reached at rcordes @ mainebiz.biz YOUR PARTNER IN: BUILDING MAINE'S GREEN FUTURE LOW COST LOANS FOR GREENING YOUR BUSINESS BUILDING MAINE'S WEATHERIZATION WORKFORCE CLEAN ENERGY FOR MAINE COMMUNITIES LET'S GROW TOGETHER: CEIMAINE.ORG/CLIMATE D a m a r i s c o t t a S h o w r o o m H A M M O N D L U M B E R . C O M | 1 - 8 0 0 - H A M M O N D L o o k i n g t o s t a r t a w i n d o w s & d o o r s p r o j e c t ? W e ' d l o v e t o h e l p ! V i s i t o n e o f o u r s t o r e s t o g e t s t a r t e d ! 22 LOCATIONS ACROSS MAINE & NEW HAMPSHIRE SHOWROOMS The fundamental problem we're trying to solve is 'phantom power' or 'vampire energy. — Ryan Li Revert Technologies Ryan Li P H O T O S / C O U R T E S Y O F R E V E R T T E C H N O L O G I E S Revert Technologies uses AI-powered technology to help clients save on energy use and costs.