Some visions of the energy system in the future mainly revolves around distributed energy resources (DERs) that are monitored by a combination of AI and IoT. Together with blockchain and a growing number of energy prosumers,these components comprise energy-as-a-service solutions.
EaaS allows for the transition from selling electricity to selling services such as consumption management, optimization of production, and tracking consumption. The presence of local energy sources and storage options accelerate energy efficiency across the grid while providing access to more people.
Indian startup KPay builds EaaS platforms that integrate with any electric device to enable energy trading. Their platform employs a pay-as-you-go model for solar, household appliances, pumps, and farming equipment. Three payment models – pay-per-use, pay-per-time, and pay-per-amp, provide customers with the flexibility to adjust their energy usage by factoring in the various benefits of each model.
The US-based startup Iota provides EaaS that includes their BrightAI smart building software in combination with a myriad of energy conservation measures. The solution optimizes energy management that includes lighting, HVAC, demand response, and renewable energy utilization. This EaaS approach simplifies the process of implementing an optimization strategy and reduces risk by guaranteeing savings.Moreover, the technology works independently of the analytics & communications platform that helps in reducing capital investments.
