CheckWatt provides a platform that optimizes energy efficiency in buildings by integrating data from various sources, including manual inputs, meter data, and sensor analytics. The solution enables users to reduce electricity costs, manage energy consumption during low-price hours, and support grid stability through battery storage and ancillary services.
Funding
Funding not disclosed
Founders
Product
Problem
Managing and optimizing energy consumption in buildings is complex, often requiring manual data input and lacking real-time responsiveness to grid conditions. This can lead to increased electricity costs and missed opportunities to support grid stability through flexible energy resources.
Solution
CheckWatt provides a platform that aggregates and analyzes data from diverse sources, including smart meters, sensors, and manual inputs, to optimize energy efficiency in buildings and leverage flexible energy resources. The platform enables users to reduce electricity costs by shifting consumption to low-price periods, maximizing self-consumption of solar power, and reducing peak demand charges. By connecting batteries and other flexible resources to CheckWatt's virtual power plant, users can participate in ancillary services markets, providing grid stabilization and earning revenue. CheckWatt's Energy Management System (EMS) controls battery storage to perform local services and aggregates them into a virtual power plant.
Target Audience
CheckWatt's primary customers include building owners, energy managers, and aggregators who seek to optimize energy consumption, reduce electricity costs, and participate in grid services markets.
Features
- Real-time monitoring and visualization of energy-related data, including solar power generation, electricity consumption, and battery storage status.
- Virtual power plant functionality that aggregates distributed energy resources for participation in ancillary services markets.
- Automated control of battery storage to optimize self-consumption, reduce peak demand, and provide grid stabilization services.
- Integration with smart meters, sensors, and other data sources for comprehensive energy management.
- Visualization tools for tracking energy consumption, costs, and revenue streams.