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Big Energy Savings Using Real Time Prices and Home IOT11-50 Employees
  • B2B
  • Early Stage
    Startup in initial stages
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Company size
11-50 people
Company type
Limited Liability Company
Markets
EnergyEnergy ManagementInternet of ThingsBig Data Analytics
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Big Energy Savings Using Real Time Prices and Home IOT
The Evolve platform does two things: 1) we pass through wholesale/industrial pricing to residential customers at cost and 2) we use IOT of the home to shift usage away from peak power price intervals. Ultimately, evolve is a software as a service platform that pairs dynamic power prices and real time carbon signals with home IOT to enable customers to automatically save money and reduce carbon. We use big data and machine learning to create personal energy profiles and manage devices differently for each user. As we get to know the preferences of each customer, we can sell them appliances/smart home devices that are consistent with their goals. We will become the robo-advisor for personal energy use, eventually enabling customers to optimize how they sell back to the grid through transactive energy.
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Samit Shah
Avatar for Samit Shah
Co-Founder @Evolve Energy , Co-Founder @Persource, Co-Founder @HaathiCloth, Advisor @Askedoo Studied at @University of Miami
Michael Lee
Avatar for Michael Lee
HBS MBA, co-founder of Pacific New Energy, Business Development and Finance background
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