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 peer-to-peer energy trading solutions.
Out of 175, the Global Startup Heat Map highlights 5 Top Peer-to-Peer Energy Trading Solutions
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 175 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 170 peer-to-peer energy trading solutions, get in touch.
Hygge develops an Autonomous Energy Marketplace
Founding Year: 2017
Location: Toronto, Canada
Partner for: Renewable Energy Trading
Canadian startup Hygge Energy provides a renewable energy trading marketplace that is accessible around the world. The startup’s platform enables transactive services both in front of and behind the meter. The former allows utility companies to use their distributed assets by increasing energy transactions whereas the latter utilizes a peer-to-peer trading approach which is community-, market-, and developer-driven. Hygge achieves this through its custom gateway box that combines artificial intelligence (AI), private blockchain, and high computing power. The startup also provides a smartphone application that allows private energy generators to sell their excess production to utility companies and trade low-cost energy with neighbors. This increases the return of investment (ROI) for private generators and enhances the revenue for utility companies through improved energy throughput.
Exodus provides a Peer-to-Peer Trading Application
Founding Year: 2018
Location: Leeds, UK
Partner for: Home-to-Home Energy Sharing
Exodus is a UK-based startup that develops ExodusHOME, a smartphone application to enable peer-to-peer trading within local communities. ExodusHOME allows homeowners with local power generation units to monitor energy production, consumption, and storage levels. With these insights, prosumers are able to trade their surplus energy with other prosumers and consumers as well as transfer it into the power grid. This energy marketplace benefits the community and promotes the setup of local renewable energy generation units through financial incentives. Thereby, it leads to the development of readily available hardware solutions for the generation of off-grid renewable energy, accelerating the energy transition. This also reduces the capital expenditure burdens on grid operators and power production units.
Switch enables Solar Energy Trading
Founding Year: 2018
Location: Cape Town, South Africa
Partner for: Solar Energy Trading
South Africa-based energy startup Switch Energy offers smart energy metering and management solutions. The startup’s modem views and controls electricity in real-time, schedules the switching of home appliances, and enables solar electricity trading. Switch Energy also develops a software platform that includes a mobile application and an admin console to facilitate real-time monitoring of energy production and consumption. In addition, it allows users to trade energy between buildings with solar generation in sub-metered networks, thus reducing the dependence of households on the main grid.
TroonDx advances Decentralized Power Exchange
Founding Year: 2019
Location: Chennai, India
Partner for: Decentralized Energy Trading, Blockchain-based Energy Marketplace
TroonDx is an Indian startup that provides a blockchain-based software platform that interconnects critical infrastructure on the energy grid for power exchange. The startup’s decentralized power exchange platform enables secure digital transactions without dependence on a central point of authority. The platform offers smart contracts that automate the execution of transactions and increase transparency in buyer and seller agreements, allowing real-time trades. This creates multiple self-sufficient hyperlocal energy markets with minimal dependency on the main grid. Besides, the blockchain maintains an immutable audit trail of every energy transaction which aids accounting, bill settlement, and automated dispute resolution processes.
enyway creates a Renewable Energy Marketplace
Founding Year: 2017
Location: Hamburg, Germany
Partner for: Renewable Energy Marketplace
German startup enyway creates a renewable energy marketplace for peer-to-peer energy transactions. The startup’s platform gives energy consumers the ability to pick and choose private electricity sellers. This allows clients to purchase clean energy at low prices within their locality. enyway also uses blockchain-based technology to record and audit these transactions. Moreover, the startup’s marketplace does not require any new device installation or infrastructure to supply the purchased energy to its clients. enyway’s solution ensures that the energy is fully sustainable, transparent, and secure, thus preventing any interruptions in the supply.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on distributed energy resources, grid transactions as well as blockchain. 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.