
Open Access Energy
An electricity network based on digital technology that supplies electricity to consumers.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $1.8m | Seed | |
Total Funding | 000k |
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OpenAccess Energy operates within the energy sector, focusing on digital electricity networks that enhance efficiency and transparency. The company provides open-source, advanced metering software that facilitates smart meter reading and data sharing, allowing third parties to develop additional software solutions. OpenAccess Energy collaborates with energy traders, renewable project developers, utilities, and energy consumers to enable the wheeling of energy across power grids. This includes the exchange of metering, billing, Renewable Energy Certificates (RECs), and energy reconciliation. The business model revolves around offering free-to-use software that supports the transportation of electric power over distribution lines, known as wheeling. By doing so, OpenAccess Energy aims to improve the reliability of the energy supply chain while maximizing transparency. The company generates revenue through partnerships and collaborations with various stakeholders in the energy market.
Keywords: digital network, energy efficiency, transparency, open-source, metering software, smart meters, energy wheeling, power grids, energy traders, renewable projects