This company provides financial optimization software, Catalyst, specifically for complex renewable energy projects involving battery energy storage systems (BESS). The platform enables developers and Independent Power Producers (IPPs) to model co-located, hybrid, and behind-the-meter assets across multiple markets. It delivers actionable insights for revenue calculation, scenario testing, and stakeholder communication to accelerate project execution.
Funding
$9.5M 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.
EVFounders
Product
Problem
Intermittent renewable energy sources like solar and wind power require energy storage solutions to ensure a consistent, 24/7 power supply, especially during periods of low generation or high demand. Optimizing the design and deployment of these renewable energy and storage assets requires complex decision-making.
Solution
Phelas offers the Aurora Liquid Air Energy Storage (LAES) system, a utility-scale, long-duration energy storage solution that transforms renewable sources into a stable, around-the-clock power supply. The Aurora system is compact, sustainable, and efficient, enabling the use of solar and wind power even when these sources are not actively generating energy. Complementing Aurora, the Catalyst software service empowers energy leaders to make informed decisions regarding renewable energy and storage asset design, guiding them towards smarter, greener solutions.
Target Audience
The primary target audience includes energy leaders, utility companies, and organizations seeking to integrate renewable energy sources into their power grids and require long-duration energy storage solutions.
Features
- Aurora LAES: Utility-scale, long-duration energy storage system for 24/7 renewable energy supply.
- Catalyst: Software service for optimized design decisions for renewable energy and storage assets.
- Enables profitable and reliable renewable energy supply.
- Facilitates smarter, greener decisions for energy leaders.