Posh Energy provides a battery energy storage solution that eliminates upfront costs and guarantees savings on electricity bills through a performance-based service model. The platform manages all operations, maintenance, and end-of-life decommissioning, ensuring customers benefit from reliable energy savings without financial risk.
Funding
$4.3M 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.
+1Founders
Product
Problem
Businesses face high upfront costs when deploying battery energy storage solutions, creating a barrier to entry for those seeking to reduce electricity expenses and enhance energy resilience. Traditional ownership models also burden customers with ongoing operational, maintenance, and decommissioning responsibilities.
Solution
Posh Energy offers a Battery-as-a-Service (BaaS) model that eliminates upfront capital expenditure and guarantees electricity cost savings through a performance-based service agreement. The company manages all aspects of the battery energy storage system, including installation, operations, maintenance, and end-of-life decommissioning. Customers pay a fixed monthly or quarterly service fee based on achieved savings, ensuring predictable energy costs and eliminating the risks associated with battery ownership. This approach enables businesses to access the benefits of energy storage without the financial and operational burdens of traditional ownership.
Target Audience
The primary target audience includes businesses seeking to reduce electricity costs, improve energy resilience, and adopt sustainable energy practices without significant capital investment or operational overhead.
Features
- Battery energy storage systems certified to UL 9540, UL 9540A, UL 1973, and UL 1741 (CRD compliant) standards.
- Turn-key, modular systems ready for immediate deployment.
- Performance guarantee: customers pay nothing if projected electricity cost savings are not achieved.
- Comprehensive operations and maintenance included at no additional cost.
- End-of-life decommissioning and recycling services.
- Option to purchase the batteries at the 10-year mark.
- 10-year warranty, extendable to suit customer needs.