ConnectX offers a cloud-based platform and edge computing solution that transforms Multi-Unit Residential Buildings into Virtual Power Plants, optimizing energy use through real-time management of distributed energy resources like solar panels and batteries. By participating in Demand Response programs, users can reduce peak demand, enhance grid stability, and unlock additional revenue streams.
Funding
$163.7K 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
Multi-unit residential buildings (MURBs) often lack the infrastructure to efficiently manage and optimize distributed energy resources (DERs) like solar panels and batteries. This leads to underutilization of renewable energy sources, increased energy costs, and missed opportunities to participate in demand response programs. Existing systems often struggle with interoperability between different device manufacturers and lack real-time control capabilities.
Solution
ConnectX provides a cloud-based platform and edge computing solution that transforms MURBs into virtual power plants (VPPs). The platform utilizes an OEM-agnostic architecture to integrate diverse DERs, enabling real-time energy management and optimization. By leveraging AI-powered forecasting and control algorithms, ConnectX optimizes energy flows, reduces peak demand, and facilitates participation in demand response programs. The system's two-tier architecture includes an edge operating system for local, low-latency control and a cloud-based platform for centralized management and analytics.
Target Audience
The primary target audience includes utilities, building operators, and property managers of multi-unit residential buildings seeking to optimize energy usage, reduce costs, and participate in demand response programs.
Features
- OEM-agnostic platform that integrates with various DERs, including solar panels, batteries, EV chargers, thermostats, and HVAC systems
- ConnTrol-OS™, an all-in-one operating system that autonomously manages energy devices and grid parameters in real time
- ConnTrol-ED™ edge gateway for real-time, low-latency control and on-site energy usage optimization
- AI/ML models for accurate demand and supply forecasting
- Cybersecure architecture with a built-in "air-gap" system that allows the edge network to function independently of the cloud
- Participation in demand response programs to generate additional revenue streams
- Cloud-based platform for remote monitoring, control, and analytics
- Scalable architecture that supports seamless integration of new devices and buildings