SAMAWATT has developed OptimalAsset™, a plug-and-play automated trading software-as-a-service solution that monitors simultaneously the fluctuation in the renewable farm production and the dynamics of the wholesale electricity market supply, demand, and prices.
OptimalAsset™ enables renewable power producers to increase profitability by: i) empowering small players to access the wholesale electricity markets directly without passing through expensive intermediaries; ii) reducing grid imbalance penalties due to intermittent production by an order of magnitude; and (iii) enhancing the stability of the electricity grid, thus reducing the need to use carbon-intensive gas fired power plants to provide emergency electricity supply.
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EDP Open Innovation First Prize
Venture Kick supports potential entrepreneurs with start capital up to CHF 150'000 as well as hands-on execution support and access to a nationwide network of investors and experts in the startup field. Multiple times per year, 8 selected projects get the opportunity to present their business ideas in front of a panel. The 5 most promising projects enter the support process. After 9 months at the latest, the startups incorporate and enter the market. Since 2007, Venture Kick has invested over CHF 58 million in over 1111 projects.
Website:
samawatt.com
Headquarter:
Eysins
Foundation Date:
February 2018
Technology:
Sectors: