The German energy market suffers from outdated structures and a plethora of actors, and so German consumers have to pay a very high price for electricity – the second highest in Europe.
GridX, a start-up founded by graduates from RWTH Aachen and supported by the EXIST program, seeks to solve this problem by establishing the first digital energy utility that connects owners of decentralized energy generation and storage facilities with end users.
Thus gridX creates a community in which energy is used and experienced in a new way. It makes it possible to monitor one’s own energy profile (generation, consumption) and compare it with that of other community members. Intelligent energy management and the opportunities provided by the community of producers and consumers make it possible to reduce energy costs.
The core element of gridX is the newly developed gridBox control unit which allows the integration of distributed generation units into the grid cloud infrastructure.