Gridsoft provides commercial and industrial customers in Australia with energy storage solutions under a Build, Own, and Operate model. By integrating battery systems with virtual power plant technology, Gridsoft enables customers to participate in energy trading, reduce demand charges, and access reserve power. This allows businesses to directly engage in the energy market and capitalize on renewable energy technology.
Funding
Funding not disclosed
Founders
Product
Problem
Commercial and industrial businesses in Australia face challenges in managing energy costs, particularly with rising utility demand charges and the risk of grid outages disrupting operations. Traditional energy management strategies often require significant upfront capital expenditure and may not fully leverage opportunities in wholesale energy trading.
Solution
Gridsoft offers energy storage solutions to commercial and industrial customers, enabling them to reduce energy costs and improve the reliability of their electricity supply. Through a Build, Own, and Operate (BOO) model, Gridsoft installs commercial-grade battery storage devices on-site, linked to existing electrical systems. The batteries are charged from the grid or on-site solar, storing energy for deployment during peak tariff periods or grid interruptions. Gridsoft's specialized software platform integrates these battery systems into a virtual power plant, allowing customers to participate in wholesale energy trading and generate new revenue streams. This approach reduces utility demand charges by up to 30% through effective peak shaving and provides resilient backup power, safeguarding against grid outages.
Target Audience
The primary target audience includes commercial and industrial businesses in Australia seeking to reduce energy costs, improve energy supply reliability, and capitalize on renewable energy technologies.
Features
- On-site installation of commercial-grade battery storage devices (up to 10 MWh capacity) with no upfront capital expenditure via a Build, Own, and Operate (BOO) model.
- AI-enabled software platform for consolidating and distributing electricity generated from renewable technologies.
- Virtual power plant (VPP) integration enabling participation in wholesale energy trading.
- Peak shaving capabilities to reduce utility demand charges by up to 30%.
- Resilient backup power to protect against grid outages.
- Remote monitoring and management of battery systems.
- Revenue sharing from energy market trading.