Battery monetizer

Battery Monetizer’s solution applies a novel combination of modeling and artificial intelligence to optimize a battery’s usage plan for the day ahead.
Lithium ion battery electrodes and cells, researcher Taina Rauhala, photo Valeria Azovskaya, 2017

Status:

Pre-business

Established:

2022

Looking for:

Funding

SDGs:

Affordable and clean energy

Industry:

Electrical engineering

Impact:

Energy, Materials

School:

School of Electrical Engineering

A huge automotive batteries boom is imminent in electric transportation. Besides that, various electricity grid, commercial and industrial, as well as residential needs drive a rapid growth of stationary batteries. The best way to get the most value out of a battery is to use it for multiple purposes efficiently. However, optimizing revenues from such multi-use is a difficult, continually repeating task. It is difficult because of uncertainties, various timescales, and numerous constraints plus alternative costs and incomes involved. Today, many batteries are used based on fixed plans and limited to a single service. This does not utilize the full potential of the battery, and natural resources consumed in producing the batteries are partly wasted. Our solution applies a novel combination of modelling and artificial intelligence to optimizing the usage plan of a battery for the day ahead. Our solution takes into account on one hand the requirements of the various markets or usages, and on the other hand the non-linear properties of the battery itself. 

Contact

Pekka Kettunen

Innovation Advisor

Timo Rossi

Spinoff Portfolio Manager

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