The startup develops a distributed energy storage system that utilizes repurposed electric vehicle batteries to provide local backup power and enhance grid stability. This technology enables building owners in sectors like manufacturing, hospitality, and retail to maintain critical power supply during outages while supporting the integration of renewable energy sources.
Funding
$32.1M 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.
FCOFFounders
Product
Problem
Businesses face challenges in managing energy costs due to fluctuating electricity prices, demand charges, and the intermittent nature of renewable energy sources. Power outages can disrupt operations, leading to financial losses, while grid connection limitations can hinder expansion and increase costs.
Solution
Cactos provides battery energy storage systems (BESS) that enable businesses to optimize energy consumption, reduce costs, and enhance grid stability. The systems store energy during off-peak hours or when renewable energy generation is high, and discharge it during peak demand or outages. Powered by Cactos Spine, an intelligent energy management software, the BESS automatically shifts load, shaves peaks, and participates in ancillary service markets to maximize savings and generate revenue. The modular design allows for scalability, avoiding costly grid infrastructure upgrades and ensuring a reliable power supply.
Target Audience
Cactos targets businesses and organizations across various industries, including logistics, manufacturing, agriculture, real estate, housing, and public properties, seeking to reduce energy costs, improve energy efficiency, and enhance grid resilience.
Features
- Smart load shifting: Charges during low-price periods and discharges during high-price periods
- Peak shaving: Reduces demand charges by leveling out spikes in electricity consumption
- Backup power: Provides uninterrupted power supply during outages
- Integration with renewable energy sources: Stores and utilizes locally produced solar or wind energy
- Participation in ancillary service markets: Supports grid stability and generates revenue
- Cactos Spine: AI-driven software for automated energy management and optimization
- Remote monitoring and control: 24/7 system oversight and performance tracking
- Modular design: Scalable to meet changing energy needs
- LiFePO4 battery modules: Durable, safe, and long-lasting battery technology