Flo Energy develops algorithms that optimize renewable energy generation and enhance grid efficiency, leading to lower operational costs. The technology enables consumers to access affordable clean energy, mitigating the impact of high electricity prices and environmental concerns.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses and residential consumers lack access to affordable, renewable energy options, hindering sustainability efforts and increasing reliance on traditional energy sources. Managing energy consumption and navigating complex electricity markets can also be challenging.
Solution
Flo Energy is an independent electricity retailer that provides businesses and residential customers with affordable, 100% renewable energy plans. The company matches electricity usage with regional Renewable Energy Certificates (RECs) and offers a user-friendly dashboard, FlowSmart, to monitor energy consumption, manage contracts, and make payments. Flo Energy also provides renewable energy solutions such as RE100-compliant RECs, on-site solar energy through Power Purchase Agreements (PPAs), and tenant management solutions for multi-tenanted properties.
Target Audience
Flo Energy serves both business and residential customers seeking affordable and renewable electricity plans. The company also targets multi-tenanted properties requiring tenant management solutions.
Features
- Renewable Energy Certificates (RECs) matched to 100% of electricity usage
- FlowSmart dashboard for viewing energy usage, downloading bills, and making payments
- RE100-compliant RECs available as add-ons
- On-site solar energy solutions via CAPEX-free Power Purchase Agreements (PPAs)
- Tenant management solutions for multi-tenanted properties, including opening tenant electricity accounts, smart meter upgrades, and billing management
- Demand response programs that allow users to earn payouts by switching from grid energy to a battery when demand is high