An obstacle to the use of 100% renewable energy is the ability to store energy on a mass scale. Emulate Energy has developed an algorithm that emulates a physical battery by utilizing changes in electricity demand. Instead of relying on raw materials to build physical batteries, Emulate‘s virtual battery tackles energy storage challenges by utilizing cutting edge research to build smart digital solutions. The core technology is a spin-off from academic research conducted at MIT.
– With the backing of some of the world’s most progressive energy companies and a player such as Axsol, we are in a great position to solve one of the biggest societal challenges we have ahead of us. This is a very important step and milestone for our company. Next is to add top talent to our growing team and scale our business internationally, says Shwan Lamei, CEO and founder of Emulate.
RosholmDell has advised Lund- and Boston-based Emulate Energy when Emulate raised MSEK 22 from Axel Johnson’s Axsol, Skellefteå Kraft and Utvecklingsklustret. RosholmDell’s team consisted of Carolina Thoft and Ebba Dyvik.