Mylight Systems provides an integrated smart energy platform for residential solar owners, combining high‑efficiency photovoltaic panels, the mylight150 smart box, and a mobile app to monitor production and automatically schedule appliances for optimal self‑consumption. The system shifts loads to periods of high solar output or low grid prices, offers a virtual battery service, and rewards users with cash‑convertible credits for each kilowatt‑hour saved, helping homeowners lower electricity bills and maximize the value of their solar investment.
Funding
$108.9M 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 cannot fully utilize their generated electricity because consumption is not aligned with production, leading to wasted energy and higher electricity bills. Additionally, managing and optimizing the operation of household appliances to take advantage of low-cost or renewable energy periods is complex without integrated tools.
Solution
Mylight Systems offers an integrated smart energy platform that combines high‑efficiency solar panels, a connected energy management unit (the mylight150 smart box), and a mobile application. The system monitors real‑time production and grid signals, then automatically schedules appliances such as water heaters, heat pumps, and EV chargers to run when solar output is high or electricity prices are low. Users earn monetary rewards through a “cagnotte” that credits each kilowatt‑hour consumed under the optimized schedule, turning energy savings into direct cash payouts. The platform also provides storage options and virtual battery services, enabling near‑100 % self‑consumption of solar generation. All data and controls are accessible via the app, allowing users to track consumption, production, and earnings in real time.
Target Audience
Primary customers are residential homeowners who have installed or plan to install solar photovoltaic systems and seek to maximize self‑consumption and reduce electricity costs. The solution also targets professional installers and energy providers looking to offer smart‑grid‑ready services.
Features
- High‑performance photovoltaic panels integrated with the mylight150 smart box for real‑time generation monitoring
- Automated load shifting for water heaters, heat pumps, and EV chargers based on weather forecasts, user habits, and grid price signals
- “Cagnotte” reward system that credits users for each kWh consumed under the smart schedule, convertible to cash transfers
- Mobile app with live dashboards of production, consumption, and financial rewards, plus manual “smart ON/OFF” control
- Virtual battery service that stores excess solar energy digitally, reducing the need for physical storage hardware
- Compatibility with partner installers for seamless hardware deployment and energy supply contracts