Topic
Aggregation and dispatch of distributed batteries and other home devices so they behave on the grid as a single callable resource.
NOX Energy raised 3 million euros in seed funding for software that lets energy suppliers run home heat pumps on power prices. Rival Axle Energy claims 30 times as many devices, so the round is a bet that suppliers will pay a small, focused player.
Reality
Index Ventures led the round, and Nomos will sit behind own-brand tariffs sold by German heat pump and solar installers. Its roughly EUR 22M raised to date is a fraction of what Ostrom, Cloover and Tibber hold.
Reality
The pre-seed startup pays for solar and batteries on homes it does not own, then sells the peak output to utilities and data centre buyers. CEO Ameet Konkar says the first power purchase agreement is in late-stage negotiation.
Reality
Three years in, the Berlin company says it is profitable on a revenue run rate above $350m. The $100m it just added rides on a European Investment Fund guarantee, which makes its cheapest capital the kind that never touches the cap table.
Reality
A smart thermostat program pays a household $50 to $150 to join and $25 to $50 a year to stay. The sign-up card usually appears in the manufacturer's app, which is also where the customer goes when the room gets warm.
Reality
Tesla cut its Powerwall lease by more than two-thirds after Base Power raised $2 billion. The product being sold is grid capacity, and the hardware is now an acquisition cost.
Reality