Open Power provides a platform that enables small-scale energy generators to sell their excess electricity directly on energy markets, maximizing their revenue potential. By offering a streamlined onboarding process and tailored energy export strategies, the company helps users efficiently convert surplus energy into profit.
Funding
$144.9K 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
Small-scale energy generators often lack the resources and expertise to navigate complex energy markets, resulting in suboptimal pricing and lost revenue opportunities for their surplus electricity. The complexities of site registration, metering, and power purchase agreements (PPAs) further hinder their ability to efficiently monetize excess energy.
Solution
Open Power provides a platform that enables distributed energy generators to directly sell their excess electricity on energy markets, maximizing revenue potential. The platform streamlines the onboarding process, handling site registration, metering, and PPA negotiation. By offering tailored energy export strategies and access to a virtual power plant (VPP) management system, Open Power helps users efficiently convert surplus energy into profit. The platform also supports peer-to-peer energy trading, allowing generators to optimize renewable asset utilization and match generation with consumption.
Target Audience
Open Power serves small-to-medium enterprises (SMEs), multi-site corporations, housing associations, commercial landlords, councils/public bodies, community energy groups, and PPA financiers (asset operators) with on-site energy generation.
Features
- Streamlined onboarding process for rapid connection of new sites to the platform
- Virtual Power Plant (VPP) management system for optimizing renewable assets
- Customized VPP reporting for clear ROI insights
- Peer-to-peer energy trading capabilities for larger portfolios
- Management of MPANs and metering to ensure accurate billing and payments
- Support for optimized export PPAs, including long-term and competitive 1-year options
- 100% export capability for any defaulting sites