Elastic Energy provides a platform to orchestrate distributed energy resources (DERs) like solar, batteries, and EVs in real time across diverse sites and portfolios. This infrastructure layer enables asset owners to automatically enroll in grid monetization programs such as demand response and TOU tariffs. The system combines edge control with cloud intelligence to ensure reliable operation and unlock new revenue streams from energy assets.
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners face rising and increasingly complex energy bills, while utilities seek greater control over home appliances without providing consumers a say in energy usage. Existing energy management systems often lack user-friendly interfaces and the ability to seamlessly integrate with modern electric upgrades.
Solution
Elastic Energy Inc. offers Elle, a home energy management system designed to simplify and optimize home energy consumption. Elle acts as a "home energy copilot," making numerous small, automated adjustments throughout the day to reduce energy costs without requiring constant user intervention. The platform also provides a unified interface for homeowners who prefer to manage their energy usage directly. Elle integrates with electric upgrades such as solar panels and heat pumps, providing a comprehensive solution for modern energy management.
Target Audience
The primary target audience is homeowners in California and New York (with plans for expansion) who are seeking to reduce energy costs and simplify home energy management, particularly those who have or are considering electric upgrades.
Features
- Automated energy optimization through continuous, small adjustments
- Unified interface for direct user control over energy consumption
- Seamless integration with solar panels, heat pumps, and other electric upgrades
- Compatibility with a range of home appliances and energy systems