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Product Overview
Overview
Powerpeers was founded with the goal of providing people the possibility of picking who they buy energy from. Neighbors and others with generating capacity can be chosen and get paid for providing energy to other Powerpeers.
The company's platform provides day-by-day tracking of how much energy peers are producing and who is consuming it. When DER capacity is not enough, Powerpeers provides the missing difference with other sources of clean energy, such as offshore wind farms, with whom they have established flexible contracts but still maintain freedom of choice for the end customer. Customers can have up to five local energy supplementary sources.
On the supplier side, as soon as someone becomes a customer, they have the option to add their own energy source to the platform.
The company has recently expanded to provide "green gas" or RNG as well. The offered three variants of low carbon intensive gas are CO2-compensated gas, 25% green gas, and 100% green gas.
Business Model
End customers can choose from fixed contracts with a fixed price for 1 or 3 years or a variable contract. Variable contracts can be canceled monthly.
Technology Innovations
- Each customer has a personal energy dashboard where they can choose energy sources and change them at any time. Once that it's done, their demand for energy will be linked to the source that generates energy at that moment
- Customers can see where their electricity comes from and what their total energy consumption is
- Provides different alternatives of locally sourced RNG to enable full home decarbonization besides electricity
Applications
- Powerpeers brings together generators and consumers of electricity. Customers purchase power from other Powerpeers customers with solar panels and additional local energy sources they want to use
- Locally source green energy enables higher decarbonization achievement goals - In 2021, the Powerpeers energy mix was 71% wind, 16% solar and 13% hydro