FlexThor offers a cloud-based platform that integrates various energy assets, such as battery storage and solar PV systems, to optimize energy management and enable participation in Frequency Containment Reserve (FCR) markets. Users can achieve a minimum of 40% savings on energy bills while generating revenue through automated responses to network frequency deviations.
Funding
$30K 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
Managing distributed energy resources, such as solar PV and battery storage, is complex, often requiring disparate systems and hindering participation in energy markets. Residential and commercial energy users lack a unified platform to optimize energy consumption, share excess energy, and generate revenue from grid services like Frequency Containment Reserve (FCR).
Solution
FlexThor offers a cloud-based platform that integrates and manages diverse energy assets, enabling users to optimize energy usage and participate in FCR markets. The platform connects to PV inverters, EV charging stations, smart meters, and battery systems, regardless of brand or communication protocol, through IoT edge devices. By automating responses to network frequency deviations, FlexThor allows users to earn revenue while maintaining grid stability. The platform provides a mobile app and local IoT edge device for monitoring energy assets, with data securely stored in the cloud, compliant with EU GDPR rules and employing end-to-end encryption.
Target Audience
The primary target audience includes residential owners with rooftop PV and battery storage (THOR Homes) and commercial building owners with rooftop PV, EV charging stations, and battery storage (THOR Business), as well as system operators.
Features
- Universal cloud platform integrating various energy assets via IoT edge devices
- Automated participation in Frequency Containment Reserve (FCR) markets
- Mobile app for real-time monitoring of energy assets
- Secure cloud data storage compliant with EU GDPR and employing end-to-end encryption
- Integration with PV inverters, EV charging stations, smart meters, and battery systems from various manufacturers
- Savings report generation based on distributor and energy bill inputs