The startup develops an automatic control system that employs algorithms to optimize energy consumption by shifting usage to periods when electricity is less expensive. This technology enables energy providers to deliver more reliable and cost-effective electricity without requiring changes to customer habits.
Funding
$540K 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.
Founders
Product
Problem
Managing energy consumption is increasingly complex due to fluctuating prices, new delivery charge models, and the growing demand from electric vehicles and heating systems. This complexity makes it difficult for both businesses and consumers to optimize their energy usage and reduce costs without constant monitoring and adjustments.
Solution
Hark provides a comprehensive smart energy platform that leverages real-time data, integrations, and analytics to optimize power consumption and reduce energy costs. The platform integrates with smart meters, delivery charge models, and energy-demanding appliances like EV chargers and heating systems. By using live data and smart control algorithms, Hark automates the process of shifting energy usage to off-peak hours and avoiding costly consumption spikes, ensuring savings without sacrificing comfort or safety. The platform is available through a direct API integration or a customizable webview solution, allowing electricity retailers to offer smart energy management to their customers through their own apps.
Target Audience
Hark primarily targets electricity retailers and energy providers looking to offer smart energy management solutions to their customers, as well as developers seeking to integrate energy optimization features into their applications.
Features
- Real-time HAN-data readings for live insights into energy consumption
- Integration with a comprehensive database of delivery charge models from various DSOs (Distribution System Operators) in Norway, updated continuously
- API for connecting with and controlling energy-demanding loads, including EV chargers and heating systems
- Smart charging capabilities that consider both spot price and energy charge for optimal savings
- Customizable alerts framework for notifications on consumption thresholds
- Automated control of hourly consumption to minimize delivery charge fees
- GraphQL API for easy integration with customer electricity data and associated services
- HAN-reader device options with 4G and WiFi connectivity for easy setup