Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover 5 hand-picked demand-side management (DSM) solutions.
Global Startup Heat Map highlights 5 Top Demand-Side Management Solutions out of 442
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 442 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 energy startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 437 demand-side management solutions, get in touch.
Voltus develops a Distributed Energy Platform
In traditional grids, any grid balancing measures such as load matching or daily peak demand reserves are taken on the supply side by utilities. However, as more businesses and homes adopt distributed energy resources (DERs), it makes way for demand-side management solutions as well. This allows customers to balance their onsite energy production with what they purchase from the grid. To this end, energy startups offer distributed energy platforms that offer demand-side management solutions.
US-based startup Voltus develops the distributed energy platform VoltApp. The platform controls DERs such as on-site generation and load curtailment systems to meet grid needs. This allows users to stack multiple DER programs in a facility, enabling distinct value streams with operational flexibility. In addition to utilities, the startup’s solution supports companies in construction, manufacturing, oil and gas (O&G), etc. to benefit from energy demand response.
Powerpal enables Smart Energy Monitoring
Smart meters record granular data on energy consumption within a home or industrial facility. Startups leverage the Internet of Things (IoT) sensors to gather this data in real-time. This allows consumers to identify which appliances or processes are consuming the most energy. This way, smart energy monitoring solutions allow users to benchmark energy consumption, improve the operation and maintenance of equipment, and take energy-saving measures.
Australian startup Powerpal develops smart energy monitoring solutions. The startup’s device connects to the consumer’s smart meters and wirelessly transmits energy data in real-time. Powerpal then analyzes usage patterns and identifies appliances that are driving energy costs up and visualizes them via the Powerpal app. This way, Powerpal helps users reduce their energy bills while also lowering their carbon footprint.
Power IQ delivers Smart Grid Intelligence
Consumers are turning to appliances that use low power, as well as smart outlets and plugs that switch off devices when not in use. Moreover, smart energy solutions record detailed information on energy usage. However, the availability of such data does not always enable efficient energy savings. This is why startups are working on solutions that convert actionable energy-saving insights into actions.
Israeli startup Power IQ provides smart energy intelligence. The startup’s solution imparts smart grid intelligence directly to electric appliances. These green appliances utilize demand-side management to further increase energy savings. Power IQ partners with appliance manufacturers to produce smart grid-aware appliances.
Immersa offers a Demand-Side Response (DSR) Solution
Due to concerns about growing carbon emissions and increasing energy costs, businesses are looking for renewable energy sources. Onsite energy generation technologies such as photovoltaics (PVs), anaerobic digestion, and combined heat & power (CHP) help companies transition to renewable energy. Moreover, they also enable industrial facilities to balance energy from the grid with onsite energy. By increasing the reliability of DSM, it makes the grid more robust and reliable.
Immersa is a British startup that develops a demand-side response solution for renewable energy management. The startup recommends onsite energy generation solutions according to site-based requirements, then designs and implements them. By syncing onsite renewables with DSR, companies save money thanks to avoiding peak prices. This helps facilities reduce energy costs and lower emissions by switching to renewable energy.
ChargeLab works on Electric Vehicle (EV) Charging
As the adoption of electric vehicles increases, so does the need for electric charging stations across public and private places. These stations also connect to the grid to purchase and sell extra electricity when required. This opens up the EV charging infrastructure as another avenue for demand-side management. For instance, scheduling charging during non-peak hours saves owners of EVs energy costs.
Canadian startup ChargeLab provides software for EV charging stations. The startup offers a charging station management system (CSMS) that features automatic fault monitoring, sets EV charger availability, and integrates with solar or energy storage. The solution also connects EV chargers to smart homes and enables users to set charging schedules. This way, the startup’s solution lets homeowners participate in utility-backed demand response programs while not having to pay for the startup‘s services.
Discover more Energy startups
Energy startups such as the examples highlighted in this report focus on load forecasting, power outage management, and smart grids. While all of these technologies play a major role in advancing the energy industry, they only represent the tip of the iceberg. To explore more energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.