Qurrent's platform connects and optimizes energy resources, such as batteries and solar parks, through IoT technology and machine learning algorithms to enhance their participation in energy markets. This enables a more efficient integration of renewable energy sources into the grid, addressing the need for flexibility in an evolving energy system.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing reliance on intermittent renewable energy sources and distributed energy resources is escalating complexity in power markets. Owners of energy resources such as batteries and solar parks need to maximize the value of their assets by participating in energy markets, but lack the tools to effectively manage and optimize their participation.
Solution
Qurrent offers a platform that connects, orchestrates, and optimizes distributed energy resources, enabling them to support the electricity grid and maximize their value. The platform utilizes IoT gateways to connect to energy resources, validates and pre-qualifies them for relevant support services and energy trading markets, and incorporates them into a virtual power plant. An AI-driven algorithm optimizes the use of energy resources for relevant markets, maximizing their utility and economic return. Customers can monitor the participation of their energy resources in real-time via a customer portal.
Target Audience
Qurrent's primary customers include owners of energy resources, service partners who sell or install energy resources, manufacturers of energy resources, and energy companies/grid operators.
Features
- IoT connectivity for batteries, solar parks, and other energy resources
- Validation and pre-qualification for support services and energy trading markets
- AI-driven optimization algorithm for maximizing returns
- Real-time monitoring of energy resource participation via customer portal
- Support for multiple markets
- Transparent reporting