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New Investments in Load Management

Todd Carney's picture
Writer Freelance

Todd Carney is a graduate of Harvard Law School. He holds a Bachelor’s degree in Political Science and Public Communications. He writes on many different aspects of energy, in particular how it...

  • Member since 2021
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  • Nov 27, 2022
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This week Smart Energy International provided an update regarding investments in load management. A company called Swell Energy has gained $120 million in funding. Swell is seeking to greatly expand the capacity of American homes and businesses to story energy. Swell is already working with the governments of Hawaii, California, and New York to develop further capacities on their grids. Swell VPP aims to create more reliability in the grids, and also reduce the carbon footprint of these areas by having them use less fossil fuel. Long-term Swell hopes to serve all of the us. Swell is also trying to provide technology that makes it easier for regions that have underdeveloped grids to modernize. Swell also performs an analysis of each distinct region that it services to ensure that they are providing up to date products to make sure that the region can maximize the ability of the grid to produce energy in a secure manner. Swell has found that its participating customers are actually saving money on energy because renewable energy costs less than traditional energy.

Another company, Sympower, raised another three million euros. This company is out of Amsterdam. Sympower is attempting to provide “low carbon grid-balancing services” to various communities in Europe. Sympower is not just trying to improve the environment, it is trying to strengthen Europe’s grid. Right now, is an important time to solidify Europe’s grid because the energy and environmental crises in Europe has pushed the grids there to the brink. Sympower’s technology maximizes the data of its users to be able to have 1GW of flexibility in terms of energy use throughout Europe. This will allow communities to have some energy to fall back on in pressing times. Sympower is now focusing on emerging markets, such as “Italy, Poland, Hungary and the Czech Republic”, among other countries.

Finally, a US tech developer, Cummins Inc., acquired a minority stake in the software company Exergy Energy. This company leverages its technology to make load management more efficient. Exergy is monitoring all usage by their customers to try to allow for more energy available during peak usage times. Exergy is seeking to make this technology available at scale. Cummins investment can help Exergy reach new markets and innovate further.

All three of these companies seem that they can be groundbreaking. But there are many other companies that claim to have similar technological advances, it remains to be seen if any company can definitively provide these needed solutions. In the meantime, investing in these companies, in hope that one company can have groundbreaking advances is probably the best way to eventually get to a solution.

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