The startup develops a hybrid technology that delivers continuous carbon-free energy with reliability comparable to nuclear power plants by utilizing historical, real-time, and forecast data to optimize energy usage. This approach enables clients to effectively respond to fluctuating demands in competitive wholesale markets while managing future energy commitments.
Funding
$21.3M 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.
Founders
Product
Problem
Renewable energy sources like wind and solar are intermittent, creating challenges in maintaining a consistent and reliable energy supply. This variability hinders the ability to meet continuous energy demands and respond effectively to fluctuations in wholesale markets.
Solution
Sunshine Hydro addresses the intermittency of renewable energy by developing "Superhybrid" projects that combine wind, solar, and sustainable biomass with long-duration energy storage and green fuels production. These projects are orchestrated by their proprietary AESOP (Advanced Energy Storage Optimisation Program) technology, which uses historical, live, and forecast data to optimize the use of each renewable energy source. This approach enables the delivery of reliable 24/7 carbon-free energy and green fuels, while also capturing arbitrage and trading opportunities in energy markets. Superhybrid systems can also provide peaking power and essential grid support services, such as frequency control and voltage support. The company also offers advisory services to 'superhybridise' third-party projects and existing long-duration energy storage assets, as well as licensing AESOP software for the operations phase.
Target Audience
Sunshine Hydro's primary customers include energy providers, industrial consumers, and communities seeking reliable, affordable, and carbon-free energy solutions, as well as forestry companies and other biomass producers.
Features
- Proprietary AESOP technology for real-time optimization of energy assets
- Integration of wind, solar, and sustainable biomass with long-duration energy storage
- Green fuels production capabilities, including hydrogen, methanol, and sustainable aviation fuel (SAF)
- Ability to provide 24/7 carbon-free energy with high reliability
- Peaking power capabilities to meet fluctuating electricity demand
- Frequency control and voltage support services for grid stabilization
- Digital twin modeling for project design and performance simulation
- Option for First Nations stakeholders equity positions in projects