Axel Johnson AxSol, Skellefteå Kraft, and Utvecklingsklustret invest in Emulate Energy
AUG 15, 2022: LUND- AND BOSTON-BASED STARTUP EMULATE ENERGY RAISE 22 MSEK An obstacle to 100% renewable energy is the ability to store energy on a mass scale. E...
Axel Johnson AxSol, Skellefteå Kraft, and Utvecklingsklustret invest in Emulate Energy
AUG 15, 2022: LUND- AND BOSTON-BASED STARTUP EMULATE ENERGY RAISE 22 MSEK
An obstacle to 100% renewable energy is the ability to store energy on a mass scale. Emulate has developed an algorithm that emulates a physical battery by utilizing changes in electricity demand. Instead of relying on raw materials to build physical batteries, Emulate’s virtual battery tackles energy storage challenges by deploying cutting-edge research to build smart digital solutions. The core technology is a spin-off from academic research conducted at MIT.
– With the backing of some of the world’s most progressive energy companies, Edument’s software expertise, and a player such as Axsol, we are in a great position to solve one of the biggest societal challenges we have ahead of us. This is a very important step and milestone for our company. Next is to add top talent to our growing team and scale our business internationally, says Shwan Lamei, CEO and founder of Emulate.
Emulate’s software creates new business models for electricity retailers and empowers end users to become an active part of the energy transition. The software balances renewable energy production with demand and paves the way for the electrification of transportation and heat.
- For more information:
Shwan Lamei, CEO, +1 857 212 87 14, shwan@emulate.energy - Related links:
www.emulate.energy - Photo caption:
CEO Shwan Lamei, Emulate energy
The purpose of Emulate Energy is to make renewable energy 100% accessible to the entire world. To do this the company has addressed the challenge of energy storage. Emulate was founded in 2020 with the mission to accelerate the global transition to clean energy. Emulate is headquartered in Scandinavia, a global center for energy transition and companies focused on solving energy challenges
TRUSTED WORLDWIDE
TRUSTED WORLDWIDEEmulate enables us to build the next generation of utility business models — helping us respond to new grid tariffs and monetize flexibility from both dynamic and fixed-price customers.
TRUSTED WORLDWIDEBy integrating Emulate’s solutions, we are positioning ourselves at the forefront of innovation — empowering our customers with smarter energy use while building a more flexible, resilient, and sustainable energy system for the future.
TRUSTED WORLDWIDEThe Emulate platform provides a ground breaking approach to tapping into demand flexibility. This increases customer value and contributes to a more sustainable energy system.
TRUSTED WORLDWIDEEmulate is really a game changer. With all changes in the energy market we are very happy to be partnering up with them.
TRUSTED WORLDWIDEEmulate is a key player in our approach to dynamic flexibility and their innovative solutions align well with our dedication to sustainability. The Emulate platform allows us to make impactful progress in our field and contribute positively to society.
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Emulate provides smart solutions for heating and charging
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We deployed Emulate in weeks — no IT infrastructure changes, no tariff migration, and no customer complaints. It’s rare to find a platform this powerful that integrates so smoothly.