The startup operates an energy intelligence platform that manages microgrids by facilitating energy trading and optimizing battery storage for excess supply. This technology mitigates power grid fluctuations and provides backup power solutions for large industries, enhancing operational reliability across various market segments.
Funding
$600K 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
Many large energy consumers and producers lack the tools to efficiently manage distributed energy resources and navigate the complexities of modern energy markets. Fluctuations in power grids and the need for reliable backup power present ongoing challenges for industries seeking operational resilience and cost-effectiveness.
Solution
Fohat eTech Global provides an energy intelligence platform that enables businesses to optimize energy consumption, generation, and trading. Their solutions integrate advanced technologies like AI, blockchain, and IoT to manage microgrids, facilitate peer-to-peer energy transactions, and ensure secure settlement of energy contracts. By offering a comprehensive suite of tools for energy management and risk mitigation, Fohat eTech Global empowers organizations to achieve energy self-sufficiency, improve ESG ratings, and participate in renewable energy certificate (IREC) markets. The platform supports various energy transition models, helping companies digitalize, decarbonize, and decentralize their energy operations.
Target Audience
The primary target audience includes banks, energy traders, large industrial consumers, commercial businesses, agricultural enterprises, and energy generators who buy and sell energy and require risk management for assets and guarantees in energy contracts and clean energy certificates.
Features
- eNewGrid: Platform for energy efficiency and operations intelligence, enabling autossuficiência in Microgrids, Virtual Power Plant and Demand Response.
- ETradeFlow: Solution for reliability and automation of energy contracts.
- EFinChain: Secure settlement platform for energy contracts using blockchain technology.
- ExMarket: One-stop shop for energy and market transactions.
- Peer-to-peer energy transaction capabilities, allowing local sharing of renewable energy.
- Integration of AI, Blockchain, and IoT technologies for advanced energy management.
- Platform for buying, selling, and retiring International Renewable Energy Certificates (IRECs).