Co-Power offers an Energy-as-a-Service model, installing and operating on-site solar PV and battery storage for commercial and industrial clients. This solution stabilizes energy costs with fixed-price green energy and enhances grid independence through optimized energy consumption and participation in electricity trading markets.
Funding
$7.3M 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.
ACAICEDPFTSFounders
Product
Problem
Businesses face escalating and volatile energy costs, necessitating localized energy solutions to stabilize expenses and reduce carbon footprints. Traditional energy procurement models often lack flexibility and fail to leverage on-site generation and storage effectively.
Solution
Co-Power provides an Energy-as-a-Service (EaaS) model, installing and operating on-site solar photovoltaic (PV) and battery storage systems for commercial and industrial clients. This integrated approach optimizes energy consumption through PV generation, battery storage for PV optimization, peak load management, and strategic energy purchasing. The EaaS framework offers green energy at a fixed price, typically over 20 years, and generates additional revenue streams through participation in electricity trading and grid services markets. Clients benefit from reduced energy costs, enhanced grid independence, and a lower carbon footprint without upfront capital expenditure or operational burden.
Target Audience
The primary target audience includes commercial and industrial businesses with significant energy consumption and a need to reduce operational costs and environmental impact.
Features
- On-site PV system installation with capacities ranging from 0.3 to 5 MWp, coupled with Power Purchase Agreements (PPAs) for fixed-price solar energy.
- Battery Energy Storage Systems (BESS) with capacities from 50-600 kW / 50-1,200 kWh for local optimization and 1-10 MW / 2-20 MWh for energy trading.
- PV optimization to store excess solar generation for later use, maximizing self-consumption.
- Peak load management to reduce demand charges by discharging stored energy during high-demand periods.
- Energy purchasing optimization to acquire electricity from the spot market during low-price intervals and utilize it during peak price periods.
- Participation in electricity trading (Intraday and Day-Ahead) and ancillary services markets using BESS capacity.
- Revenue sharing model for clients on income generated from electricity trading and grid services.
- Comprehensive financing, installation, operation, and maintenance of all installed systems by Co-Power.
- Initial energy cost reduction of up to 50% from day one.