The $600 Electricity Bill That Built a Company
Verdigris
By Jared Campbell
October 2025
Mark Chung’s $600 electricity bill should have been $100. What followed was months of detective work with various meters, hunting through his property until they finally discovered the culprit: a broken pool pump buried somewhere on the grounds, silently hemorrhaging energy and money. That frustrating experience sparked an idea that would eventually become Verdigris—but not without years of hard-learned lessons about the difference between building cool technology and solving real problems.
“In hindsight, it’s important to understand the problem first rather than start with the solution,” reflects Mark, co-founder and CEO alongside Jon Chu, CTO . The admission carries the weight of experience. Like many engineering-led startups, Verdigris began with a feature-rich, sophisticated approach—a high-frequency sampling architecture that could disaggregate energy usage with remarkable precision. The technology was impressive; the market timing was not.
“We were enamored with building capability and optionality,” Mark explains, “but what was someone going to use it for?” It’s a classic founder’s dilemma, amplified by their semiconductor industry experience where deep technical problem-solving often precedes clear market applications.
Their serendipitous early technical decisions, mantra of relentless forward motion, and strong founder cohesiveness have uniquely positioned Verdigris to redefine how the world thinks about energy intelligence.
For years, their sophisticated approach struggled to find traction. Customers had invested heavily in legacy systems and weren’t eager to replace expensive infrastructure—a classic sunk cost fallacy that forced Verdigris to develop backward-compatible solutions. The IoT-connected, cloud-based system they initially envisioned faced headwinds as customers demanded not just data, but actionable insights that were “unfathomably difficult to build” at the time.
Then came 2023 and the AI/LLM revolution. Suddenly, the robust sensor technology and high-frequency data collection that had seemed over-engineered for the market became exactly what was needed. “We were very lucky,” Mark admits. “The capability we had previously built suddenly became relevant thanks to AI and its ability to extract insights from extensive data.”
But perhaps more remarkable than their technical pivot has been their strategic one. Verdigris remains deeply committed to sustainability—their internal mission centers on reducing CO2 emissions and electricity’s role in climate change. Yet externally, they’ve been careful to position their product offering purely on business merit: saving energy means saving money, regardless of environmental motivations.
This approach proved prescient when political winds shifted. The Inflation Reduction Act (IRA) had been an accelerant, driving conversations with major clients like Microsoft and Google. But as climate initiatives faced headwinds with the administration change, Verdigris made a surprising discovery: their customer base remained unchanged—only the marketing message needed adjusting. While sustainability had been the launch point with customers under the prior administration, the demand for intelligent data to reduce energy consumption remains just as relevant in today’s power-hungry data center discussions.
"The capability we had previously built suddenly became relevant thanks to AI and its ability to extract insights from extensive data." — Mark Chung
This adaptability with the business strategy reflects deeper strengths in how Verdigris operates as a team. With 25 full-time employees split between California, across the US, and Taiwan, plus contractor networks, the company has built longevity through candor. The founding team knows they can easily and quickly state if they have disagreement on an approach or direction, Jon explains. It’s this combination of mission-driven internal purpose and business-focused external execution that has sustained them through moments of doubt, personnel changes, and even periods when they couldn’t pay the bills.
Their serendipitous early technical decisions, mantra of relentless forward motion, and strong founder cohesiveness, have uniquely positioned Verdigris to redefine how the world thinks about energy intelligence. They find themselves at the center of two massive trends: AI’s hunger for computational power and the urgent need for energy efficiency. The pool pump may be long fixed, but the journey it set in motion continues to power their work forward.
