Ostrom is an energy management platform that offers transparent, cost-based electricity tariffs for households in Germany and Europe, utilizing smart meter technology for real-time consumption tracking and dynamic pricing. The platform addresses the complexity and high costs associated with traditional energy contracts by providing flexible, monthly cancellable plans that empower users to optimize their energy usage and reduce expenses.
Funding
$37M 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.
AEVJCBFounders
Product
Problem
Traditional electricity providers often have opaque pricing structures and inflexible contracts, making it difficult for consumers to understand and manage their energy costs effectively. Many consumers are also seeking more sustainable energy options but find it challenging to switch to green energy sources due to complex processes and long-term commitments.
Solution
Ostrom offers a transparent, app-based energy management platform that provides households with access to cost-based, green electricity tariffs. By leveraging smart meter technology, Ostrom enables real-time consumption tracking and dynamic pricing, empowering users to optimize their energy usage and reduce expenses. The platform provides flexible, monthly cancellable plans, giving users greater control over their energy consumption and costs. Ostrom also integrates with smart home devices, electric vehicles, and heat pumps, allowing users to manage their entire home energy ecosystem through a single app.
Target Audience
Ostrom primarily targets environmentally conscious households in Germany and Europe who are looking for transparent, flexible, and cost-effective green energy solutions.
Features
- Real-time energy consumption tracking via a user-friendly mobile app
- Dynamic pricing that reflects hourly market rates, enabling users to consume energy during the cheapest hours
- Integration with smart meters for automated consumption monitoring
- Support for smart home devices, electric vehicle chargers, and heat pumps
- Monthly cancellable contracts for maximum flexibility
- English and German customer support
- Referral program that offers discounts on smart home devices
- CO2 tracking to monitor the environmental impact of energy consumption
- Access to the Ostrom Store for purchasing smart home devices