Eddy Grid utilizes advanced algorithms to optimize energy consumption, generation, and storage for businesses, enabling efficient peak shaving and load balancing. By significantly reducing the payback period for battery investments, the company addresses energy shortages and maximizes the financial returns from renewable energy sources.
Funding
$1.6M 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.
GEHSFounders
Product
Problem
Businesses face challenges in optimizing their energy consumption, managing peak demand, and maximizing returns on renewable energy investments due to the complexities of energy markets and grid management. Existing solutions often lack the sophistication to dynamically balance energy supply and demand, leading to inefficiencies and lost revenue opportunities.
Solution
Eddy Grid offers an AI-powered platform that optimizes energy consumption, generation, and storage for businesses, enabling efficient peak shaving and load balancing. The platform uses advanced algorithms to forecast energy demand, optimize battery usage, and manage grid interactions, significantly reducing the payback period for battery investments. By intelligently managing energy assets, Eddy Grid helps businesses reduce energy costs, generate revenue from grid services, and accelerate the transition to sustainable energy. The company acts as an energy supplier, leveraging customer flexibility to balance the energy grid and accelerate the energy transition.
Target Audience
The primary target audience includes businesses with on-site renewable energy generation (solar, wind), battery storage systems, and/or high energy consumption, as well as grid operators and other energy providers.
Features
- AI-driven algorithms for real-time energy optimization and forecasting
- Automated peak shaving and load balancing to reduce energy costs
- Smart battery management to maximize returns on investment
- Grid balancing services to generate revenue from energy flexibility
- Transparent energy contracts for large consumers
- Business case calculation for sustainable assets
- Congestion Service Provider (CSP) services
- Full Balance Responsible Party (BRP) service for self-trading portfolios