Electricity Maps funding news – Climatetech Startup Electricity Maps Secures €5Million in Funding

Although the amount of renewable energy entering the system is increasing, wind and sunshine are not always present. Because of this, balancing supply with rising electrical demands is challenging. Thankfully, a large portion of this new demand is adjustable, so power use may be adjusted to coincide with cheaper and more accessible periods for renewable energy.

Founder Olivier Corradi said, “To enable such demand flexibility,” , “data infrastructure is needed to tell billions of grid-connected systems when and where to consume electricity. This is where we come in.”

With the use of power maps, companies can instantly match the expanding intermittent energy supply with the rising demand for electricity.

Granular data on carbon emissions and power sources spanning over 230 global areas, including the United States, Europe, Australia, and significant portions of South America and Asia, may be accessed through the company's platform. Electricity Maps's commercial API provides forecast, historical, and real-time data.

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Businesses may utilise the platform to create goods that consume power when it's more affordable and environmentally friendly. Present applications include more environmentally friendly AI calculations in data centres, more sustainable electric car charging, and more precise carbon accounting procedures.

Among Electricity Maps' expanding clientele are well-known software companies: For instance, Samsung displays to consumers the power use and carbon footprint of their Samsung devices through the use of the power Maps platform in the SmartThings app.

About Electricity Maps

Electricity Maps, through electricity map businesses may obtain useful information on the source and carbon intensity of power. Hourly access to this data is provided in over 200 locations and over 50 nations. Their data can assist you and your customers in recognising and minimising the carbon impact of your power use.