BlueGrid transforms electric marine vessels into virtual power plants by enabling bidirectional energy flow between the vessels and the electric grid, allowing them to store and supply energy based on demand. This technology reduces reliance on fossil fuels and minimizes the need for stationary energy storage, facilitating the integration of renewable energy sources into the grid.
Funding
$3.5M 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
Electric marine vessels represent a growing sector, but their batteries are typically idle when docked, missing an opportunity to contribute to grid stabilization and renewable energy integration. The electric grid requires more energy storage to accommodate intermittent renewable sources such as wind and solar.
Solution
BlueGrid enables electric marine vessels to function as virtual power plants by facilitating bidirectional energy flow between the vessels and the electric grid. The BlueGrid Operations service aggregates and optimizes the batteries of diverse electric vessels, transforming them into a reliable and scalable grid energy storage resource. Vessels can charge their batteries when power is inexpensive and greener, and then feed that power back into the electric grid when demand is high. This approach reduces the need for dedicated stationary energy storage and accelerates the adoption of electric vessels by reducing their total cost of ownership.
Target Audience
The primary customers are electric vessel operators, utility companies, and grid operators seeking to integrate distributed energy resources and enhance grid resilience.
Features
- Bidirectional energy flow management between electric vessels and the grid
- Aggregation of diverse electric vessel batteries into a unified virtual power plant
- Optimization algorithms for charging and discharging based on grid demand and energy prices
- Data and intelligence services for vessel-to-grid operations
- Energy and voyage data analysis to inform vessel electrification decisions
- Grid insights to inform infrastructure, operations, and value related to vessel-to-grid integration