Origami Energy’s technology allows renewable energy generators, storage providers and energy users to trade with each other at a micro-grid level and maximise the value of their assets, creating a real-time marketplace for the distributed energy world.
Using its software-as-a-service (SaaS) model, Origami intelligently manages the capacity and modifies the flows of power at physical sites of power generation, energy demand and electricity storage by providing a marketplace where the supply and demand of electricity is matched more evenly in real-time.
As a result, the strain on the electricity grid is reduced and additional value can be unlocked for Origami Energy's partners by optimising the utilisation of their energy assets. From an environmental perspective, use of Origami Energy's technology platform will also help cut carbon emissions by enabling more renewable power to be connected to the grid, and by reducing the need to switch on 'dirty' power stations.
CIC’s funding is enabling the company to move from pilot field trials to multi-site commercial deployments with a wide range of customers and to build out an energy storage asset development capability.