Fusebox develops virtual power plants and energy management software that enable local companies to act as demand response aggregators. This technology optimizes energy consumption and production, reducing costs and CO2 emissions while enhancing grid stability.
Funding
$5.5M 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.
CVEFounders
Product
Problem
Energy retailers, asset aggregators, and other electricity stakeholders face challenges in optimizing energy consumption and production, leading to increased costs, higher CO2 emissions, and grid instability. Managing flexible assets and integrating them into energy markets can be complex and require specialized software.
Solution
Fusebox provides a Virtual Power Plant (VPP) and Energy Management Software (EMS) that enables companies to act as demand response aggregators, optimizing energy consumption and production. The SaaS platform allows users to efficiently manage assets according to energy market commitments, maintain a real-time portfolio overview, and capitalize on hourly price variations. Fusebox's software automates collaboration among local production and consumption assets, while staying within grid connection capacity. The platform also facilitates connections to Transmission System Operator (TSO) ancillary services for trading, dispatch, and reporting.
Target Audience
Fusebox targets energy retailers, asset aggregators, asset owners, and original equipment manufacturers (OEMs) seeking to optimize energy consumption, reduce CO2 emissions, and generate revenue from energy markets.
Features
- Day-ahead and intraday trading capabilities for efficient asset management
- Automated software for providing advanced demand response services
- Real-time portfolio balancing to minimize energy imbalances
- Energy storage management features for energy arbitrage and ancillary services (FCR, aFRR, mFRR)
- Customer integration with Trading Desks, ERP, CRM, Accounting software, and Mailing platforms via modern APIs
- Support for PV curtailment during negative prices, ancillary services, energy storage management, load covering, and energy arbitrage
- Integration with Finnish energy market and transmission system operator Fingrid