Okovate develops agrivoltaics projects that integrate solar energy generation with ongoing agricultural practices on the same land. The company designs dual-use systems that allow farmers to maintain crop output while securing new, reliable income streams through fixed energy payments. This approach supports farm longevity and provides clean energy to local communities without altering existing land use.
Funding
$750K 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
Farmers face challenges in diversifying income streams while maintaining agricultural operations. Traditional land use models can limit opportunities for additional revenue generation, impacting the long-term viability of farming businesses.
Solution
Okovate facilitates the development of agrivoltaic projects, integrating solar energy generation with existing agricultural land use. The company partners with farmers to design and implement dual-use systems that enable crop production alongside clean energy generation. This approach provides landowners with new, reliable income streams through fixed payments, while preserving current farming practices and contributing to community-level renewable energy solutions. Okovate's model prioritizes farmer involvement in project design to ensure economic and environmental benefits are maximized.
Target Audience
The primary customers are farmers and landowners seeking to diversify revenue through the integration of solar energy on their agricultural properties.
Features
- Development of integrated agrivoltaic systems that co-locate solar power generation and agricultural activities.
- Project design focused on maximizing land use efficiency for both energy production and crop cultivation.
- Financial models providing landowners with predictable, long-term revenue streams through hosting agreements.
- Emphasis on farmer-centric design to ensure minimal disruption to existing agricultural operations.
- Contribution to local renewable energy infrastructure and community energy goals.