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EnPowered was founded by Tomas Van Stee in 2015 in Toronto, before moving to the Velocity Incubator at the University of Waterloo.
In the summer of 2016, EnPowered began working with consumers in Ontario in an open-beta. The company introduced the group-buying system, where customers that use at least 50 percent of their electricity during the day are placed in one group. The group then turns into a larger volume with more customers added, allowing them to pay less. According to the company, users are mandated to sign up with their local hydro account number.
According to The Record's Terry Pender, in an effort to reduce electricity bills for customers in Ontario, the company in 2019 "launched a software platform that uses artificial intelligence (AI) to navigate a complicated energy conservation program".
