The startup offers a proprietary online energy trading marketplace that connects energy service companies (ESCOs) with consumers, facilitating efficient energy management. By centralizing energy consumption data, the platform enables users to optimize their energy usage and reduce costs.
Funding
$500K 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.
Founders
Product
Problem
Energy service companies (ESCOs) often struggle with disparate legacy systems, leading to inefficiencies in data management, pricing, and billing. This complexity hinders their ability to optimize energy consumption, manage risk effectively, and offer innovative energy products to consumers. Furthermore, integrating distributed energy resources (DERs) and community solar programs into existing infrastructure presents additional challenges.
Solution
Arctrade provides an integrated energy technology platform designed to streamline operations for ESCOs and empower consumers. The Arctrade Retail eOS offers a single source of truth (SSOT) for data management, automating daily workflows from meter to cash. The platform supports flexible pricing engines, automated billing services, and broker commission management. Arctrade also facilitates community solar programs, connecting subscribers to local solar farms and enabling savings on electricity bills. For DER asset owners, Arctrade EMS optimizes asset performance through market analysis, machine learning-driven location identification, and energy arbitrage capabilities.
Target Audience
Arctrade targets energy service companies (ESCOs), retail energy providers, community solar project developers, and owners of distributed energy resources (DERs) seeking to optimize energy management and reduce operating costs.
Features
- Arctrade Retail eOS: A comprehensive energy operating system for next-generation retailers.
- EDI Transaction Management: Seamless connections with utilities across various channels (EDI, XML, web crawling, SMT).
- Flexible Pricing Engine: Creation of customized products like block & index with collars and solar/storage buybacks.
- Automated Billing Service: Supports diverse payment plans, consolidated billing, and transparent shadow billing.
- Load Forecasting: Algorithm projects hourly load using meter lifecycle data and weather patterns.
- ETRM (Energy Trading and Risk Management): Manages energy trading risk across data, market, operations, and credit.
- Arctrade EMS: Optimizes DER assets with PowerPlot for location identification, SmartGrid ProfitMax for energy arbitrage, and CarbonGuard for emissions tracking.
- Community Solar Platform: Facilitates subscriber acquisition, marketing campaigns, and project management for community solar projects.