Startup Eneryield secures additional seed funding
Summary
Developed following a decade of research at Chalmers University of Technology and spun out in 2019, Eneryield offered a proactive approach to power grid maintenance. Its AI-powered solution helped grid operators move from reactive to proactive maintenance, effectively reducing unplanned outages with machine learning prediction technology integrated into existing systems.Dr Ebrahim Balouji, Chief Executive Officer, Eneryield explains: With support from strategic investors like ABB and Chalmers Ventures, we are ready to take our solution to the market. Our timing is perfect with the growing demand for green energy and the worlds economic and security situation; the need for local, smart energy grid solutions is growing rapidly, and we are ready to meet that demand.Eneryields software solution, Intelliview, integrates into existing power networks without requiring additional hardware like sensors. It is an efficient and reliable solution for hassle-free implementation, saving time and cost.The Swedish startups technology was designed to analyse and predict overloads and faults, helping grid operators resolve problems without disrupting the power supply. Combining Eneryields AI analytics with ABB relays and centralised or virtualised protection and control systems will result in improved accuracy and better maintenance planning for utility and industry customers.