The startup has developed a digital energy platform that enables prosumers to trade excess energy through real-time tracking and accounting of energy production, transmission, storage, and consumption within grid and microgrid networks. This platform empowers clients to optimize their energy management, lower costs, and contribute to the transition to a zero-carbon economy.
Funding
$930K 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
Existing energy infrastructure struggles to manage the increasing complexity of integrating distributed energy resources (DERs) and renewable energy sources, leading to grid instability and wasted energy. Inadequate infrastructure and lack of real-time energy tracking result in inefficient energy usage and increased costs for consumers and businesses. The transition to a zero-carbon economy is further hindered by these limitations.
Solution
Power Transition offers a digital energy platform that enables real-time tracking and accounting of energy production, transmission, storage, and consumption within grid and microgrid networks. The platform facilitates seamless energy trading between industrial and commercial sites and the grid, optimizing energy management and reducing costs. By integrating AI and machine learning, the platform optimizes the performance of DERs and facilitates automated balancing actions. Its Open Integration Bus (OIB) allows for rapid integration of energy assets, including microgrids and electric vehicle infrastructure.
Target Audience
The primary target audience includes network owners, system operators, utility service providers, developers, and demand and generation asset owners seeking to optimize energy distribution, reduce costs, and transition to a zero-carbon economy.
Features
- Real-time tracking of energy flow across the entire energy lifecycle
- Integration of AI and machine learning for optimized energy generation, demand, and storage
- Open Integration Bus (OIB) for rapid integration of diverse energy assets
- 3rd generation Digital Ledger Technology (DLT) platform for enhanced data aggregation
- Support for voltage and dynamic frequency response to improve grid stability
- Secure data record for embedded generation and energy asset optimization
- Capability to manage financial and non-financial transactions related to energy trading
- Integration with electric vehicle infrastructure for optimized charging and grid balancing