Smart and flexible power grid!
Futugrid makes the grid resilient to energy crisis challenges
The modern power grid cannot be based on yesterday's solution.
The Futugrid solution connects TSOs, electricity sellers, and households into a unified system, creating quick reaction reserves to support power grid stability continuously.
The problem:
Renewable energy production is unpredictable and non controllable to meet the power grid system’s requirements and needs. The stability of the grid is under great pressure! Conventional power systems with dramatically increasing renewable energy production are not able to provide security of supply, resulting in an unstable power grid and blackouts.
Need for energy:
At current rates, global energy demand will increase by 60% until 2040. Only increasing production capacity is not sustainable and will not be sufficient to maintain power grid stability. The invasion of battery-electric vehicles, for example, only exacerbates the problem.
The solution is energy demand response
The Futugrid solution is a new-generation intelligent platform connecting prosumers to the smart grid and having the ability to control certain electrical devices for a short critical period. Many household appliances, especially electrical water heaters and other HVAC appliances, have a very high inertia, and a couple of minutes without power do not cause the least inconvenience to users.
Futugrid today
We are developing a quick-response reserve capacity to contribute to power system security of supply.
Our goal is to become:
TOP3 demand response company in Europe
Leader of connecting households to virtual powerplants
Data hub for goods and service providers
The market and targets:
Europe: € 6bn
Futugrid: € 360m
Baltic states: € 150m
Futugrid: € 9m
Increasing grid efficiency and sustainability. Saving money. Creating value for everyone.
Machine learning cloud-based solution
Fully automated realtime operating system
Instant monitoring of connected devices
Easy to integrate to any European power grid
Reliable partner for power system operator
Fast and flexible power management
Instant information about available power
Beneficial for every household
Well-designed plug-and-play device
Lower power costs
Device monitoring
Valuable data provider
Aggregated data third parties (device manufacturers, grid managers, services)
Useful data about devices to end users
Roadmap
Join our journey
Verification event with TSO 2023 Q2
1 MW on the market 2023 Q4
Distribution partner in LV, LT 2024 Q2
To achieve the targets set for 2024, we are looking for investors like you to participate in our convertible note bridge round:
| Target: | € 1 000 000 |
| Pre-money: | € 10 000 000 |
The team
Our team is made up of dedicated, experienced professionals with a passion for new-generation power grids and innovation.
Toomas Valge
Leino Schnur
Igor Maksimov
Kadi Saks
Argo Aava
Mairo Leier
Tanel Kübarsepp
Jüri Luud
Partners:
