Allume Energy's SolShare technology enables a single rooftop solar system to distribute energy among multiple apartments through a dynamic sharing algorithm. This solution allows apartment residents to access solar power, resulting in up to a 40% reduction in electricity bills and lower grid consumption.
Funding
$10.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EITSFounders
Product
Problem
Many apartment residents lack access to rooftop solar energy, despite the availability of roof space, leading to higher electricity bills and reliance on grid electricity. Traditional solar installations are often designed for single-family homes, making it difficult to distribute solar energy efficiently among multiple units in an apartment building.
Solution
Allume Energy's SolShare technology enables a single rooftop solar system to be shared among multiple apartments within a building. The system uses a dynamic sharing algorithm and hardware device to split and allocate solar electricity fairly to residents and common areas. This behind-the-meter solution maximizes solar utilization, reduces grid consumption, and lowers energy bills for apartment residents. By providing access to shared solar energy, SolShare helps reduce carbon emissions and promotes sustainable energy consumption in multi-dwelling units.
Target Audience
The primary target audience includes apartment residents, social housing providers, and developers of new multi-dwelling buildings seeking to provide access to affordable and sustainable solar energy.
Features
- Dynamic sharing algorithm that fairly allocates solar energy to multiple apartments.
- Hardware device for splitting electricity from a single rooftop solar system.
- Increased solar utilization compared to individual solar systems.
- Reduction in grid electricity consumption.
- Real-time monitoring and reporting of energy production and consumption.
- Compatibility with existing solar panel systems.