EcoJoule Energy
Technologies for the future grid.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | $3.0m | Growth Equity non VC | |
| Total Funding | 000k | ||
EcoJoule Energy is a forward-thinking startup operating in the energy sector. The company specializes in providing innovative power management products and software solutions to businesses that prioritize energy quality and reliability for their customers. Their primary offering is the EcoVAR, a Low Voltage STATic COMpensator (STATCOM), which is a device that helps manage voltage on Low Voltage Networks by sinking and sourcing reactive power. This technology does not require batteries or energy storage, making it a cost-effective solution.
EcoJoule's target market includes electricity distributors who can benefit from the longevity and cost savings of their distribution assets. The benefits of EcoJoule's technology are passed down to consumers, resulting in real cost savings. The company's business model is based on selling their power management products and software solutions to these distributors.
EcoJoule's mission is to transition the electricity grid into a more cost-effective, reliable, and environmentally friendly system. Their initial product, EcoVAR, is a static compensator that uses power electronics and software to correct grid voltages. It can be mounted on existing power poles, making it a flexible solution for improving power supply.
The company has already begun making strides in its mission, partnering with Ausgrid to improve power supply in the community of Nords Wharf on the shore of Lake Macquarie. This partnership demonstrates the practical application and effectiveness of EcoJoule's technology.
In summary, EcoJoule Energy is a promising startup with a focus on improving energy quality and reliability through innovative technology solutions.
Keywords: EcoJoule Energy, power management, software solutions, EcoVAR, Low Voltage STATic COMpensator, electricity distributors, cost savings, grid voltage correction, Ausgrid partnership, environmental sustainability.