Emulate Energy has raised €5 million in Series A funding to further its mission of optimizing distributed energy resources (DERs) in residential settings. The platform, which focuses on integrating heat pumps, batteries, EV chargers, and solar energy, aims to assist utilities in stabilizing the grid and improving energy efficiency. With this funding, Emulate plans to expand its operations across Europe and into the U.S., providing cost-efficient solutions for both utilities and consumers while minimizing the carbon footprint related to energy consumption.
The energy system is evolving rapidly. In the next decade, millions of distributed energy resources will come online. For utilities to unlock their full potential, these devices must align their consumption with clean, affordable energy. Emulate is leading this shift by making energy market participation seamless and lucrative for consumers and utilities alike.
The rapid buildout of wind and solar power is vital to decarbonization. The next challenge is adding enough flexibility to manage the increasing intermittency by getting consumers involved in balancing supply and demand at scale, incentivizing them to do so with lower electricity bills. Emulate has built the toolset that enables utilities to do just that.
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