The startup has developed an energy-sharing platform that enables users to buy, sell, and trade excess solar power in real-time. By connecting individuals who generate surplus electricity with those in need, the platform facilitates efficient energy distribution and maximizes the utilization of renewable resources.
Funding
$2.3M 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.
Founders
Product
Problem
Traditional energy distribution models often lead to inefficiencies, preventing consumers from directly benefiting from locally generated renewable energy sources. This lack of direct connection limits the potential for maximizing the use of green energy and fostering community-based energy solutions.
Solution
eFriends provides an energy-sharing platform that connects independent electricity producers and consumers, enabling the direct exchange of surplus renewable energy within a community. The platform facilitates transparent, fair-priced transactions of 100% green energy, sourced from solar, hydro, and biomass. Users can buy, sell, or gift excess energy to other members, promoting efficient energy distribution and reducing reliance on traditional energy providers. The eFriends WATCH+ and web app provide real-time monitoring of energy availability, consumption, and pricing, empowering users to optimize their energy usage and support sustainable practices.
Target Audience
The primary target audience includes both residential and business customers in Austria who are interested in sustainable energy solutions, including those with solar panels or other renewable energy sources and those seeking to consume green energy from local producers.
Features
- Real-time energy monitoring via the eFriends WATCH+ device, displaying available green energy
- Web application for managing energy consumption, setting prices, and connecting with community members
- eFriends Meter for accurate, real-time measurement of energy flow, ensuring precise billing
- Platform enables users to prioritize energy sources and set preferences for community-based transactions
- Option to sell or gift excess energy to other community members, fostering local energy sharing
- Access to 100% certified green energy from Austrian producers when community supply is insufficient
- Transparent billing and reporting, providing clear insights into energy usage and costs
- Compatibility with various smart meters, allowing for easy integration with existing setups