Gryd provides fully-funded smart solar and battery storage systems for new residential developments. The company covers the upfront capital expenditure for hardware, allowing developers to meet sustainability standards without initial investment. Homeowners benefit from a fixed-price monthly subscription that covers energy generation, maintenance, and insurance, offering immediate savings.
Funding
$1.7M 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.
BSRTFounders
Product
Problem
Upfront costs associated with solar panel and battery systems can be a significant barrier to adoption for new homeowners and developers. Traditional solar ownership models also place the burden of ongoing maintenance, insurance, and system optimization on the homeowner.
Solution
GRYD Energy offers a solar-as-a-subscription service, providing fully funded smart solar and battery systems for new-build homes. This model eliminates upfront capital expenditure for both developers and homeowners, while GRYD manages system maintenance, insurance, and optimization for the 25-year subscription period. By removing the financial and operational hurdles, GRYD enables wider access to solar energy, helps developers meet building regulations, and provides homeowners with predictable energy costs. The system includes solar panels, an inverter, and a smart battery, all monitored remotely to ensure optimal performance.
Target Audience
GRYD Energy targets housing developers, registered providers, and local authorities in the UK, as well as new homeowners seeking affordable and hassle-free access to solar energy.
Features
- Zero upfront cost for solar and battery system installation
- Fully funded hardware, saving developers up to £10,000 per new home
- 25-year fixed-price subscription with zero-cost maintenance, servicing, and part replacement
- Remote monitoring and management of the smart solar system
- Full insurance coverage against damage, theft, and fire
- Assistance for developers in meeting Part L building regulations and preparing for the Future Homes Standard
- Option for homeowners to renew the subscription with upgraded hardware or take ownership of the system at the end of the initial term
- Smart software optimizes energy usage and maximizes solar energy consumption