MyGrid develops a plug-and-play home battery system called ModuleOne for residential energy storage. This system allows users to charge the battery with inexpensive or excess solar energy and deploy stored power during peak rate times. The offering integrates the battery hardware with a mobile application and a cloud platform for energy management.
Funding
$120K 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
Homeowners with solar panels often generate excess energy that is sent back to the grid, providing little direct benefit to the homeowner. Fluctuating electricity prices also make it difficult for consumers to optimize their energy consumption and reduce costs.
Solution
MyGrid offers ModuleOne™, a plug-and-play home battery system that allows users to store excess solar energy for later use, reducing reliance on the grid and maximizing self-consumption of renewable energy. The system connects to a mobile app and cloud platform, providing users with insights into their energy usage and enabling them to optimize consumption based on time-of-use electricity pricing. ModuleOne™ is designed for easy installation in any home, whether the user rents or owns, and helps reduce both electricity bills and carbon footprint. By storing energy during off-peak hours or periods of high solar generation, users can discharge the battery during peak demand, lowering costs and supporting grid stability.
Target Audience
The primary target audience includes homeowners with or without solar panels, apartment dwellers, and renters seeking to reduce their electricity bills, increase self-consumption of renewable energy, and minimize their carbon footprint.
Features
- Plug-and-play design for easy installation without professional assistance or certifications
- 1.5 kWh LiFePO4 battery with a 6000-cycle lifespan
- Bidirectional AC output (110/230 VAC) with a maximum of 800W for efficient energy management
- Two 100W USB-C ports for charging electronic devices
- Mobile app connectivity for monitoring energy consumption and managing battery settings
- Cloud platform integration for optimizing energy usage based on dynamic pricing
- Compact design (Ø20 x 40cm) and light weight (12kg) for easy placement in any home