Category: News

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

Emulate is quickly growing as it continues its journey towards 100% renewable energy systems. To support the path forward, Sonny Strömberg has been appointed COO. Starting on 1st September, Sonny Stromberg will be leading Emulate towards full operational excellence.

Previously Sonny was the Head of Energy solution sales at EON, where he spent more than 15 years in various senior roles. Sonny has an MSc in Electrical Engineering, an MSc in Business & Economics, and a BSc in Psychology, all from Lund University.

“I am very honored and happy to see Sonny joining Emulate. He brings a lot of valuable experience and know-how to the company. With his academic background along with extensive knowledge about the energy market in various managerial roles, I am positive that Sonny will be key to our success”, says Shwan Lamei, CEO of Emulate.

Sonny is based out of the Emulate headquarters in Lund, Sweden.

We are proud to announce that Emulate is now a verified vendor with the U.S. Federal Contractor Registration (USFCR)! This validation accelerates our goal of partnering with the U.S. Government to leverage our virtual battery technology, aiding in the realization of a net-zero economy by 2050.

The Biden-Harris Administration’s recent pledge of $550 million toward community-based clean energy initiatives presents a unique opportunity for us. Emulate is poised to play a pivotal role in America’s clean energy journey. We eagerly anticipate collaborating with state and local governments, advancing energy efficiency, and democratizing access to clean energy nationwide.

We’re geared up, ready, and enthusiastic about contributing to this monumental shift. Discover more about us and our journey on the USFCR site.