Emulate offers electricity retailers a software platform that optimizes households’ behind meter energy consumption while allowing the retailer to leverage demand flexibility to increase its own profits. The core technology is a continuation of an MIT postdoc that represents flexibility in residential electricity consumption (demand response) as a virtual energy storage instrument with a battery specification (capacity, max charge and discharge rate, state of charge). The concept developed around the core technology offers the best product-market fit in markets with competitive retail, real time pricing, smart meters and automated trading.
After overwhelming market demand with multiple customers in the backlog, Emulate has decided to open up a new round to leverage its momentum. The funding will primarily cover new hires in data science and software development.
For more information, visit the company’s website at www.Emulate.energy
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