Float provides an AI‑native electricity supply service for homeowners that combines a plug‑in hardware module with proprietary AI to deliver real‑time, per‑second consumption data and live bill forecasts. The AI agent monitors usage, sends instant alerts for abnormal spikes, and recommends shifting loads to low‑price, renewable‑rich periods, helping users reduce waste and costs. Float charges a flat monthly subscription plus the spot market price, with no markup on consumption.
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners receive electricity bills that are opaque and based on monthly aggregates, making it difficult to understand real-time consumption, identify costly appliances, and adjust usage to cheaper, cleaner energy periods.
Solution
Float offers an AI-native electricity supply service that combines a plug‑in hardware module with proprietary AI models to deliver real-time, appliance‑level visibility into power use. The module attaches directly to the home’s electricity meter without requiring an electrician, and streams data via Wi‑Fi, Bluetooth, Thread, NFC, LoRa, and OTA updates. An AI agent monitors consumption, generates instant alerts for unusual spikes, and advises users on when to shift loads to periods of low spot prices, which often coincide with high renewable generation. Customers view live usage, bill forecasts, and future cost‑saving recommendations through a web interface, while Float charges only a flat subscription fee and passes through spot market prices without markup.
Target Audience
Primary customers are residential electricity consumers—homeowners and renters—who want detailed usage insights and cost control, particularly those interested in aligning consumption with renewable energy availability.
Features
- Small plug‑in module that connects to the existing electricity meter, requiring no professional installation
- Real‑time consumption data displayed per second, with live bill forecasting
- AI‑driven alerts that notify users of abnormal usage patterns or spikes
- Recommendations to shift appliance operation to low‑price, renewable‑rich periods
- Appliance‑level breakdown (upcoming) showing cost attribution for individual devices
- Transparent pricing model: spot market price plus a fixed monthly subscription, no consumption markup
- Over‑the‑air firmware updates and multi‑protocol connectivity (Wi‑Fi, Bluetooth, Thread, NFC, LoRa)