50x installs a free, compact lithium‑ion battery at homes and small businesses in the SAESA and CRELL areas, automatically shifting load to lower‑cost electricity and delivering about eight hours of backup during outages. The system reduces monthly electricity bills by 10–15% and is managed end‑to‑end by 50x, with customers only paying after they verify the savings through a mobile app.
Funding
Funding not disclosed
Founders
Product
Problem
Electricity consumers in regions served by SAESA and CRELL face high utility rates and experience frequent power outages, leading to elevated monthly bills and lack of reliable backup power.
Solution
50x provides a zero‑upfront lithium‑ion battery system installed at residential or commercial premises that reduces electricity costs by 10–15% and supplies approximately eight hours of backup during outages. The battery is charged when grid electricity is cheap and discharges when rates are high, automatically lowering the consumer’s billed consumption. 50x handles all tariff changes, paperwork, and installation, and the customer only pays a portion of the bill after the savings are verified through a dedicated app that shows side‑by‑side comparisons of pre‑ and post‑installation costs.
Target Audience
Homeowners and small business owners in the SAESA and CRELL service areas who want to lower electricity expenses and obtain reliable backup power without upfront investment.
Features
- Free installation of a compact lithium‑ion battery (size of a small refrigerator) within one day
- Automatic load shifting: battery charges during low‑price periods and supplies power during peak rates
- Integrated remote monitoring via a mobile app with real‑time savings tracking and backup status
- Guaranteed 8 hours of backup power, with 20% of capacity reserved for outage protection
- Full management of tariff enrollment and coordination with the local distributor, requiring no action from the customer
- Post‑pay billing model: 50x invoices only after the customer confirms the monthly savings on their utility bill