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 5 promising transactive energy startups.
Heat Map: 5 Top Emerging Transactive Energy Startups
Using our StartUs Insights Platform, covering 1.116.000+ startups & emerging companies, we looked at innovation in the field of transactive energy. For this research, we identified 95 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & emerging companies developing innovative transactive energy solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 95 companies we analyzed for this specific topic.
UrbanChain – Peer-To-Peer (P2P) Energy
With the growth of distributed energy resources (DERs) and smart grids, consumers are turning into prosumers, and are producing more electricity than ever before. Transactive energy solutions allow end-consumers to sell their surplus electricity or purchase power from multiple providers. This makes the overall electricity grid more resilient and also reduces the cost and carbon footprint associated with energy consumption.
UrbanChain is a British startup that offers a P2P energy trading platform. eChain facilitates a distributed supply of energy to small and medium enterprises (SMEs) and households. This solution allows real-time switching and significant savings on energy bills. The startup also develops a solution that uses artificial intelligence (AI) to identify energy-poor households.
Power2Peer – Clean Energy Marketplace
The increasing popularity of distributed energy resources is also contributing to an expansion of diverse clean energy applications. However, during times when renewable energy production peaks, the surplus energy may be left unutilized in the absence of sufficient energy storage. To address this issue, and to make clean energy more affordable, energy startups are working on solutions that allow small-scale producers to sell surplus energy to a larger number of customers.
The US-based startup Power2Peer develops a mobile application-based clean energy marketplace. P2PConnect connects producers of solar, wind, and other clean energy solutions to consumers. The startup’s blockchain-secured energy trading platform reduces the transmission and management costs for every kilowatt delivered.
Electrify – Deregulated Energy
Moreover, transactive energy allows consumers to choose where they buy their energy from. It uses the existing utility infrastructure to deliver energy from multiple sources. This deregulation of the energy market prevents monopolies by promoting competition among energy providers. Startups are working on solutions that allow more consumers to securely tap into the deregulated energy market. For example, by enabling energy trading by utilizing blockchain technology.
Electrify is a Singaporean startup that offers solutions for decentralized and deregulated energy. The Electrify Marketplace allows all kinds of energy customers to purchase the most suitable option for their needs. By matching producers and consumers in real-time, it provides supply certainty to the producers, while also managing to keep prices low.
LevelTen Energy – Energy Performance Monitoring
As commercial customers take to transactive energy, they have a pool of geographically and technologically different providers to choose from. These various choices allow startups and smaller companies to match the diverse energy portfolio of larger companies. To this end, startups are exploring innovative solutions to monitor and analyze multiple energy transactions simultaneously.
The US-based startup LevelTen Energy provides solutions for commercial and industrial customers to purchase renewable energy. It develops a performance monitoring platform that provides real-time insights on a company’s power purchase agreements (PPAs). This later enables efficient budget management and maximization of renewable energy investments.
Bovlabs – Smart Charging
Smart charging solutions connect electric vehicles (EVs), charging stations, and energy providers to optimize energy consumption. Startups use analytics to spread the energy usage peak by managing where EVs go for charging, at that point in time. Moreover, it diverts renewable energy to electric vehicle fleets. This promotes a low-carbon economy by incentivizing both renewables and EVs.
Bovlabs is a French startup that develops a solution for smart charging. It connects charging stations with energy resources and optimizes charging to save energy bills. By detecting energy produced nearby, it encourages consumption of renewable energy by fleets of electric vehicles. The solution also balances local microgrids.
What About The Other 90 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 that enables you to achieve your goals faster. The 5 transactive energy startups showcased above are promising examples out of 95 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.