Slashing CO2Commercial batteries that practically store cash.
Big Picture
Electricity prices aren’t just rising, they’re also unpredictable. And with intermittent renewables making up a bigger and bigger slice of the energy pie, prices are getting ever more volatile. Commercial and industrial (C+I) businesses are especially sensitive to energy price fluctuations, making battery energy storage an attractive solution. But so far, no one’s been able to nail battery management software that optimizes energy pricing and saves C+I businesses real money.
How it Works
Storio offers C+I customers onsite battery energy storage equipped with proprietary AI software to manage and optimize energy usage. The system uses real-time data to predict energy prices, enabling it to charge the battery when the sun is shining, sell it back to the grid when profitable, and when it’s most cost-effective to use the battery instead of drawing from the grid. This AI arbitrage saves C+I businesses money and gives them a new revenue stream, with Storio taking a nice cut.
Unfair Advantage
Storio’s software is the killer app in this space, optimizing revenue from energy arbitrage up to 2x better than other C+I battery systems. Makes sense, considering the team is loaded with software and energy talent, including a co-founder who built a similar system for Tesla’s charging stations. In addition to technical backgrounds tailor-made for energy management and trading, the team boasts repeat entrepreneurs with successful exits, and is sure to be a talent magnet.
80
GW battery storage
needed across Europe by 2030
JEAN-YVES STEPHAN CO-FOUNDER
Prior to Storio Jean-Yves was Co-Founder & CEO of Data Mechanics, a data infrastructure company acquired by NextApp, and an early engineer at Databricks.
CAROLINE LE FLOCH CO-FOUNDER
Previously, Caroline led and expanded energy storage trading for Tesla’s Autobidder product. She has a PhD from UC Berkeley in EV charging grid infrastructure.
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