Emulate Energy provides a modular Home Energy Management System (HEMS) and DERMS-ready platform to connect, control, and monetize residential Distributed Energy Resources (DERs). The platform orchestrates devices like EVs, heat pumps, and batteries to execute utility-defined flexibility programs and optimize grid performance. This enables utilities to launch customer-facing energy services and monetize flexibility across various energy markets without requiring customer tariff changes.
Funding
$7.9M 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
Utilities face challenges in optimizing demand flexibility and maximizing profit margins due to the increasing complexity of managing distributed energy resources (DERs) like residential solar panels, EV chargers, and smart thermostats. Integrating these resources and responding to real-time energy demands requires sophisticated technology and coordination.
Solution
Emulate provides a platform that aggregates residential DERs into virtual batteries, enabling utilities to modernize their offerings and enhance profit margins. The platform integrates with existing home devices, allowing for real-time energy cost reduction and improved customer satisfaction through efficient energy management. Emulate's webview solution can be rapidly deployed and integrated into existing utility apps, connecting customer DERs through OAuth2 authorization. Sophisticated algorithms minimize electricity costs based on individual tariffs, while also reducing demand charges and distribution network congestion. The platform supports a transition to new business models, including algo-trading integration and multi-market trading.
Target Audience
The primary target audience includes electricity retailers, balance service providers, and utility cooperatives seeking to modernize their offerings, enhance profit margins, and manage the increasing adoption of DERs.
Features
- Webview integration for rapid deployment into existing utility applications
- Out-of-the-box integrations with residential DERs, including EVs, charging stations, solar inverters, batteries, and smart thermostats
- Real-time algorithms to minimize electricity costs based on individual tariffs
- Support for cost-reflective tariffs, including time-of-use rates and demand charges
- Whole-home optimization that considers multiple signals beyond spot prices, including grid tariffs and CO2 emissions
- Virtual battery aggregation of DERs for grid services such as frequency regulation and load balancing
- Customizable webview visuals through a portal, allowing utilities to match their native app's look and feel
- TypeScript SDK for integration with native views