Emulate Energy Secures €5 Million to Cut Energy Costs
Summary
The platform minimizes carbon impact, reduces consumer costs, and increases utilities margins by trading demand-side flexibility on electricity markets.The energy system is evolving rapidly. The next challenge is adding enough flexibility to manage the increasing intermittency by getting consumers involved in balancing supply and demand at scale, incentivizing them to do so with lower electricity bills. Emulate has built the toolset that enables utilities to do just that, said Mikael Myllym\xe4ki, Vice President and Head of Helen Ventures.This funding underscores Swedens growing reputation as a global leader in energy innovation. With international backing, Emulate leverages Swedish ingenuity to address the global challenge of enabling grid flexibility and scaling smarter energy systems. The companys technology, stemming from co-founder Daria Majidians research at MIT, integrates various device types into a unified platform, offering a solution that balances ease of implementation with maximum impact.