SHYFT Power Solutions develops IoT and integrated software that enables real-time monitoring and control of distributed energy resources, including solar, batteries, and generators, through a unified dashboard. This technology enhances energy efficiency and operational performance for real estate developers, energy service providers, and homeowners, ultimately reducing energy costs.
Funding
$4.1M 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
Managing distributed energy resources (DERs) like solar panels, batteries, and generators often requires disparate monitoring systems, leading to inefficiencies and a lack of unified control. Real estate developers, energy service providers, and homeowners struggle to optimize energy usage and reduce costs due to limited real-time visibility and control over these assets.
Solution
SHYFT Power Solutions offers an integrated IoT and software platform that provides real-time monitoring and control of distributed energy resources through a single dashboard. The platform enables users to monitor and remotely control DERs and microgrids, optimizing asset performance and driving operational efficiency. By unifying the management of solar, batteries, generators, and grid electricity, SHYFT's technology facilitates a more reliable and efficient energy experience, ultimately reducing energy costs for its customers.
Target Audience
The primary target audience includes real estate developers seeking to deliver smart, connected homes, energy service providers aiming to monitor and control their assets while engaging customers, and homeowners/business owners looking to manage power sources, improve energy efficiency, and save money.
Features
- Unified dashboard for real-time monitoring and control of diverse energy assets
- Remote control capabilities for distributed energy resources and microgrids
- Optimization algorithms to enhance asset performance and operational efficiency
- IoT-enabled hardware for seamless integration with existing energy infrastructure
- Customizable alerts and notifications for proactive issue resolution
- Data analytics and reporting tools for informed decision-making