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Looking for funding

Energy of Thing

"Energy of Thing" is a tech startup in the energy sector dedicated to developing smart energy systems, including renewable energy, with the aim of reducing costs and promoting energy sustainability.

About

Details

    Operating Status

    Active

    Industries

    Legal Name

    Energy of Thing co. ltd

    Company Type

    Profit

    Business Model (Problem)

    Reactive power is the electrical power generated by VAR in electrical systems with motors and air conditioning systems, causing an increase in current flow in the system. Most electrical systems are already equipped with devices called capacitor banks (cap banks) to reduce VAR. However, there is still residual reactive power in the electrical system, which increases electricity costs for businesses and industries by 10-25%.

    Business Model (Solution)

    We have therefore developed the Smart Var Generator system, which applies electrical power theory and IoT technology to significantly reduce VAR in electrical systems. This system can reduce electricity costs by 10-25%, operating with ten times the precision of traditional capacitor banks, and it pays for itself within one year. Additionally, when integrated with solar power, it can further increase savings.

    Current Customer

    Smart factory/building

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Funding Rounds

    Number of Funding Round

    1

    Total Funding Raised (USD)

    0

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    Announced Date

    Transaction Name

    Investor

    Money Raised

    14 Jul 2024
    self_funded

    0

PEOPLE

CTO

Electrical engineer

Contact
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