EnergySwap operates an independent online marketplace that connects owners of self‑generated solar electricity with buyers seeking renewable power. The platform enables peer‑to‑peer trading, allowing sellers to list surplus energy and set prices while buyers can purchase locally produced solar electricity with transparent pricing and secure payment processing.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers and businesses with rooftop solar often generate excess electricity that cannot be easily sold directly to other individuals, while those seeking renewable power lack convenient ways to purchase locally produced solar energy outside traditional utility markets.
Solution
EnergySwap operates an independent online marketplace that directly connects owners of self‑generated solar electricity with buyers who want renewable power. The platform lets sellers list surplus energy and set their own prices, and enables buyers to browse and purchase this energy in a peer‑to‑peer fashion. Transactions are facilitated by EnergySwap as a neutral mediator, ensuring that the exchange complies with local regulations and that payments are securely processed. By bypassing traditional electricity suppliers, the service aims to provide more transparent pricing, increase the utilization of locally produced solar power, and support the broader energy transition.
Target Audience
Primary users are residential solar owners and small‑to‑medium enterprises that generate excess renewable electricity, as well as individuals, businesses, and community groups seeking to purchase locally sourced solar power.
Features
- Peer‑to‑peer trading interface where individual households, apartment buildings, businesses, and community groups can list and purchase surplus solar electricity
- Price discovery driven by sellers and buyers, independent of conventional utility tariffs
- Simple three‑step workflow for creating offers, matching with buyers, and completing transactions
- Platform acts as an energy sharing organizer (ESO), handling contract administration and payment settlement while remaining non‑supplier
- Support for various participant types, including neighbors, families, companies, employee groups, and associations
- Emphasis on transparency and accessibility, with guidance provided throughout the trading process