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 want to share our insights with you. This time, we are taking a look at 5 promising Energy-as-a-Service (EaaS) startups.
Heat Map: 5 Top Energy-as-a-Service Startups
For our 5 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 642 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
Ossiaco – Vehicles-to-Grid
Vehicle-to-Grid (V2G) technology allows car batteries to charge or discharge based on nearby energy production or consumption. V2G and smart power grids combine to deliver smart metering, dynamic pricing, automated control, and real-time information exchange. Electric vehicles (EVs) then serve as mobile power plants that transfer electrical energy to the power grid, if necessary. Therefore, V2G promotes the use of renewable energy to mitigate climate change.
Canadian startup Ossiaco manufactures home and EV chargers integrated with solar energy. The charger provides power during blackouts by using a Vehicle-to-Home (V2H) or Vehicle-to-Grid (V2G) transmission, a digital bi-directional inverter rectifier. They use proprietary power conversion technology, PUC5, to develop the dcbel Power Boost, a home EV charger that is capable of providing a range of 100km after just one hour of charging. Their system uses micro-forecasting to optimize charging and shifts energy sources to avoid peak tariffs for home energy use.
Elívere – On-Site Energy Supply
Small, modular, decentralized, grid-connected on-site energy systems let end-users control costs, operational risk, and carbon emissions. On-site energy supplies include common distributed energy generation solutions such as solar photovoltaics (PVs), combined heat and power, diesel and natural gas generators, microturbines, and fuel cells. Such a supply ensures facilities reliably meet their generation requirements and achieve energy independence.
The Spanish startup Elívere builds renewable energy systems for end-users to generate and use on their own. The platform monitors production and consumption in real-time and stores the surplus in case solar production is not enough to meet the needs. The startup offers different energy systems for large installations such as industrial buildings, agricultural and livestock farms, commercial buildings, or public spaces.
Watt-is – Data Analytics
Today, devices that generate, supply, and control energy are run largely by algorithms. Moreover, smart metering for rapid and dynamic switching puts even more emphasis on data. Energy utilities, therefore, need to use advanced analytics to manage data collected by these algorithms and obtain insights from them to expand their competitive edge.
Watt Intelligent Solutions (watt-is) is a Portuguese startup that translates smart metering data into actionable insights. The company extensively analyzes data from smart meters and household-specific consumption dynamics to offer a fully automated EaaS system. They provide a detailed remote energy audit report with quantified targeted energy efficiency measures for each specific energy client, thereby improving customer experience and generating new revenue streams.
Fsight – Behind-The-Meter (BTM)
Behind-the-meter (BTM) systems promote the use of renewable energy sources to lower energy costs and lead to energy storage. These systems allow the owners to first use up the energy from onsite energy sources like solar panels before using the energy from the grid. They supply energy directly from onsite sources without passing through a meter.
The Israel-based startup Fsight develops Energy AI, a distributed energy platform that predicts, optimizes and trades BTM energy. The platform trades locally produced energy among peers and operates BTM to increase local energy balance, thereby reducing energy costs and grid congestion. It uses machine learning to recommend optimal distributed energy resources (DER) installations to ensure maximal savings. On installation, the system monitors energy consumption, production, and price forecasting to provide real-time analytics of DER assets.
Canopy Power – Microgrids
The demand for decentralized energy supply continues to grow. Microgrid solutions combine cost-efficient and environmentally friendly regenerative energy sources with the reliability of standby power generator sets. Microgrid and hybrid solutions integrate multiple power sources, maximize efficiency, and ensure uninterrupted power. They also reinforce the service approach wherein the ownership and control of all system assets are localized.
Canopy Power is a startup from Singapore that provides microgrids as a service for cleaner and cheaper electricity in areas inaccessible by the grid. The startup designs fully customized, independent clean energy microgrid systems that ensure low-cost energy and deal with tricky logistics challenges in the energy transition. The benefits of their system include access to a reliable and stable power source as well as a reduction in logistical complexities when compared to diesel generators and electricity savings.
What About The Other 637 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 5 Energy-as-a-Service startups showcased above are promising examples out of 642 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.