The startup develops utility-scale solar farms integrated with grid-balancing battery storage technology to enhance renewable energy reliability. By providing efficient energy storage solutions, the company helps reduce greenhouse gas emissions and supports government net-zero targets.
Funding
$42.2M 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
The increasing demand for renewable energy sources requires efficient and reliable grid integration solutions to address the intermittent nature of solar power generation. Traditional grid infrastructure often lacks the capacity to handle fluctuating renewable energy inputs, leading to instability and underutilization of solar energy potential.
Solution
Exagen develops and manages utility-scale solar farms integrated with battery energy storage systems (BESS) to enhance the reliability and stability of renewable energy delivery. By co-locating solar generation with grid-balancing battery storage, Exagen's projects can store excess solar energy during peak production and dispatch it during periods of high demand or low solar irradiance. This approach ensures a more consistent and predictable energy supply, reducing reliance on fossil fuels and supporting the transition to a low-carbon economy. Exagen utilizes in-house developed software, integrating GIS mapping, energy and land-sourcing tools, and financial models to streamline project development, construction, and operation. The company also focuses on biodiversity enhancement and community engagement throughout the project lifecycle.
Target Audience
Exagen's primary customers include utility companies, grid operators, and energy investors seeking reliable and sustainable renewable energy solutions, as well as landowners looking to diversify their land use with long-term, index-linked income streams.
Features
- Integrated solar and battery storage solutions for grid stabilization
- Utility-scale solar farms ranging from 15MW to 49MW
- Battery storage capacity ranging from 10MW to 75MW
- In-house technology platform for site selection, planning, and optimization
- End-to-end project management, including land origination, planning development, construction, and operations
- Biodiversity enhancement programs exceeding required environmental standards
- Focus on lower grade agricultural land for development
- Community engagement and support initiatives