Lancey Energy Storage offers a smart electric radiator integrated with energy storage batteries, optimizing photovoltaic self-consumption to reduce electricity bills. This system enables users to achieve up to 90% self-consumption and 35% savings on heating costs while enhancing thermal comfort through intelligent energy management.
Funding
$8.8M 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
Traditional electric heating systems can lead to high electricity bills and limited self-consumption of photovoltaic energy, especially in residential and commercial buildings. Existing solutions often lack the ability to efficiently store and manage energy, resulting in wasted renewable energy and increased reliance on the grid.
Solution
Lancey Energy Storage provides a smart electric radiator with integrated energy storage batteries designed to optimize photovoltaic self-consumption and reduce electricity costs. The system uses embedded intelligence to manage energy flow, storing excess solar power when it's available and redistributing it to power the radiator or other electrical devices when needed. This approach enables users to achieve higher rates of self-consumption, decreasing their dependence on the grid and lowering their carbon footprint. The integrated battery storage and intelligent management system also allow users to optimize their energy usage based on time-of-use tariffs and reduce their subscribed power, further minimizing costs.
Target Audience
The primary target audience includes homeowners, landlords, property developers, and installers looking for innovative solutions to reduce energy costs, increase self-consumption of renewable energy, and improve the energy efficiency of residential and commercial buildings.
Features
- Integrated battery storage within the electric radiator for efficient energy management
- Smart energy management system optimizes self-consumption of photovoltaic energy
- Compatible with both new construction and renovation projects
- Reduces heating costs by up to 35% through intelligent energy management
- Increases self-consumption of photovoltaic energy up to 90%
- Offers options for centralized management in multi-unit dwellings
- Designed for easy installation by certified professionals
- Battery is bi-directional, maximizing energy flows