Fractal Energy offers a Plug Play energy management solution that combines a 1kWh battery storage system with a smart meter interface to optimize household electricity consumption. This technology enables users to shift energy use to off-peak hours, reducing electricity bills and minimizing reliance on fossil fuels during peak demand.
Funding
$2.1M 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.
VFounders
Product
Problem
Households face rising electricity costs and seek ways to reduce their carbon footprint. Fluctuations in renewable energy availability create price volatility, and matching energy consumption to off-peak hours can be challenging without automated solutions.
Solution
Fractal Energy offers Flexbox, a plug-and-play energy management solution designed to optimize household electricity consumption. The system combines a 1 kWh lithium-ion battery with a smart meter interface and a user-friendly mobile application. Flexbox stores electricity during off-peak hours, when renewable energy is more readily available and cheaper, and discharges it during peak hours to reduce reliance on the grid and lower electricity bills. The Flexplug connects to the household's smart meter, enabling real-time optimization of energy consumption. The Flexapp provides accurate data on electricity usage, allowing users to monitor savings and system performance.
Target Audience
The primary target audience is homeowners seeking to reduce their electricity bills and carbon footprint by optimizing energy consumption.
Features
- 1 kWh lithium-ion battery for energy storage
- Integrated bidirectional inverter
- Flexplug universal interface connects with the smart meter using secure wireless technology
- Real-time electricity consumption optimization
- Flexapp for monitoring energy consumption, savings, and system performance
- Plug-and-play installation
- Wifi connectivity
- Ability to shift energy consumption to off-peak hours