Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the energy sector. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. This time, we are taking a look at 4 promising energy startups.
Heat Map: 4 Top Prosumers Support Startups
For our 4 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 60 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
FlexThor – Renewable Energy Storage
The combination of self-generation and energy storage within prosumer systems overcomes timing inconsistencies between peak energy demand and supply, as well as gives more options of when and how to use stored capacities. Besides, it provides reserves for outages or fluctuations, contributes to more self-regulation on modern energy markets and gradually transforms prosumers into prosumagers.
Belgian startup FlexThor creates patented storage solutions for prosumer and commercial solar installations. They comprise the smart Internet of Things (IoT) platform with battery storage to maximize photovoltaic savings and decrease energy waste.
SwitchDin – Community Distributed Energy Resources Management (DERM)
Nowadays, new smart grid trends require that energy users not only consume renewable power but also produce it and distribute the excess energy across their utilities and communities. In order to organize this sharing process, ensure smooth functioning of peer-to-peer networks, establish timely coordination and load management, prosumer DERM schemes come into play.
Australian startup SwitchDin develops energy management systems for community microgrids, off-grid systems, and virtual power plants. The company’s Droplet controllers provide asset monitoring, load balancing, capacities switching, and real-time aggregation for increased effectiveness of prosumer networks.
ProsumerGrid – Peer-To-Peer Simulations
When establishing a new community prosuming system of DER, it is wise to consider potential configurations and model possible implications. Peer-to-peer (p2p) simulations usually enable reasonable planning, benefits calculation, and threats identification to set expected patterns of grid-to-prosumer and p2p interactions.
The US-based startup ProsumerGrid builds the software to plan and simulate prosumer-owned distributed energy resources, as well as optimize asset use for increased reliability and sustainability. An additional analytics module helps to pinpoint inefficiencies and estimate the system’s value.
P2PEP – Peer-To-Peer Trading Using Blockchain
The opportunities for p2p re-selling of surplus energy necessitates the arise of immutable and transparent marketplaces for understandable and optimal power distribution within local settings. Blockchain technology sets the financial and contract pool for secure transactions, which enables community members to achieve a more rational use of their capacities.
Israeli startup P2PEP leverages the power of Ethereum Blockchain to further develop a trading platform and a payment token for renewables (notably, solar energy). The solution offers special rates for monetary transactions and exchanges in cryptocurrencies, fiat money, and its own token PEP CASH.
What About The Other 56 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 startups showcased above are promising examples out of 60 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.