Currents provides a platform that enables homeowners to monetize their solar energy by automatically minting and selling Solar Renewable Energy Credits (SRECs) based on their energy production data. The service also offers personalized insights to help users select optimal energy devices, such as batteries and EV chargers, enhancing their energy efficiency and financial returns.
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners with solar panels often face a complex and opaque process when trying to monetize their excess energy generation through Solar Renewable Energy Credits (SRECs). They also lack clear guidance on selecting and integrating new energy devices like batteries and EV chargers to optimize their energy usage and savings. Furthermore, many homeowners in deregulated energy markets are unaware of their ability to choose their electricity supplier, potentially missing out on significant savings.
Solution
Currents provides a platform that simplifies home electrification by automating the process of minting and selling SRECs, allowing homeowners to generate passive income from their solar energy. The platform connects to existing solar systems and automatically handles SREC creation and sales based on energy production data and user preferences. Currents also offers personalized insights and comparison tools to help homeowners choose the best energy-efficient upgrades, such as home batteries and EV chargers, tailored to their specific needs and energy consumption patterns. Additionally, Currents offers a utility savings tool that automatically switches users to better electricity rates in deregulated markets, ensuring they continuously benefit from the most cost-effective energy plans.
Target Audience
Currents primarily targets homeowners with existing solar panel systems and those considering investing in renewable energy solutions, particularly in states with SREC programs and deregulated electricity markets.
Features
- Automated SREC minting and sales based on solar energy production data.
- Integration with thousands of energy device brands for comprehensive energy insights.
- Personalized recommendations for home batteries, EV chargers, and other energy-efficient upgrades.
- Comparison tools for evaluating different energy products and their potential savings.
- Utility Savings feature that automatically switches users to lower electricity rates in deregulated markets.
- Support for connecting various energy devices to track earning potential.
- Automated switching to better electricity rates.