Provides a multilateral wheeling software platform that automates the matching of energy generation and consumption loads across power grids. This system enables energy traders, IPPs, municipalities, and utilities in South Africa to execute accurate wheeling transactions, streamlining complex private energy transfers from generation to end-use.
Funding
$1.5M 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.
FEFounders
Product
Problem
The complexities of private energy transactions across power grids in South Africa create challenges for energy traders, IPPs, municipalities, and utilities. Inefficient matching of energy generation and consumption loads hinders the seamless transfer of energy from generation sources to end-users.
Solution
Open Access Energy provides a multilateral wheeling software platform designed to automate and streamline private energy transactions. The platform facilitates the accurate matching of energy generation and consumption loads across power grids, enabling seamless wheeling transactions. By providing direct access to smart meter data from municipalities and utilities, the software enables precise multilateral wheeling transactions. Open Access Energy's solutions simplify the complexities of energy wheeling, reducing manual intervention and human error through automation.
Target Audience
The primary target audience includes energy traders, independent power producers (IPPs), municipalities, utilities, and energy consumers involved in energy wheeling across power grids in South Africa.
Features
- Automates the matching of energy generation and consumption loads.
- Enables accurate wheeling transactions.
- Provides access to smart meter data for precise measurements.
- Facilitates multilateral wheeling.
- Offers two software solutions: Amptera and Energypro.
- Amptera enables municipalities and utilities to access smart meters, collect and interpret the data, apply tariffs, and bill customers from one interface.
- Energypro uses direct access to smart meter data from municipalities and utilities to enable accurate multilateral wheeling transactions.