Companion.energy provides energy management, forecasting, and flexibility software to connect energy procurement with operational execution. The platform unifies disparate energy data and uses AI-driven decision-making to optimize energy use, generation, and storage. This automation delivers measurable cost savings and enhances revenue from flexible assets and renewable energy integration.
Funding
$4.9M 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.
CVECIUVFounders
Product
Problem
Industrial companies face increasing complexity in energy management due to fluctuating energy prices, the growing share of renewables, and the need to align energy consumption with sustainability goals. Existing energy management systems often rely on static reports and fragmented data, making it difficult to achieve real-time control and optimize energy usage based on market conditions. This complexity leads to difficulties in predicting and managing energy budgets, as well as challenges in reducing emissions and maximizing the use of renewable energy sources.
Solution
Companion.energy offers a software platform that integrates operational and market data to provide industrial companies with real-time insights and optimization signals for energy management. The platform creates an accurate energy model tailored to the user's specific operational context and contract mix, supporting various flexible asset types, on-site energy generation, hedging, and offtake contracts. Using advanced analytics and AI-driven forecasting, the software delivers optimization signals via an API for integration with hardware and software systems, or through a BI suite for detailed reporting. This enables users to shift from reactive energy consumption to proactive flexibility, reducing energy costs, limiting cost fluctuations, and eliminating emissions.
Target Audience
The primary target audience includes industrial companies, part manufacturers, biotech firms, electric utilities, telecommunications companies, data centers, and charge point operators managing significant energy consumption and seeking to optimize energy costs and sustainability.
Features
- Seamless data integration of operational, financial, and market data, including renewable energy forecasts, grid emissions, and weather information
- Custom energy cost model based on individual contracts and operations
- AI-driven forecasting and risk analytics for smarter energy decisions
- Real-time optimization signals delivered via API for integration with flexible assets and operational processes
- BI suite for detailed reporting, including breakdowns of costs by site and contract, risk exposure analyses, and tracking of energy-related emissions
- Support for various contract types, including hedging, PPAs, day-ahead, imbalance, and internal transfer contracts
- Continuous benchmarking of multiple forecasting algorithms for maximum accuracy
- Integration with SCADA systems and EMS controllers