Extensible Energy Will Scale Up with $3.4 mln Investment Round led by Blue Ox Ventures

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on August 9, 2021

There is a lot happening in alternative energy. Extensible Energy is just one company that has found funding for novel technology that may change how we live.

Extensible Energy is a company that owns software for managing energy loads in buildings and is headquartered in Oakland, California.

Extensible thinks that optimizing energy efficiency will play an important part in the game of grid owners and operators.

The company recently received $3.4 million in new funding, in a round led by Blue Ox Ventures. This investment will be used to scale sales and keep its DemandEx software expanding.

Extensible Energy creates cost-effective software.

Extensible Energy ensures that building owners can save 30% on demand and uptime, and prepare for the load flexibility market by using Extensible software.

In addition, Extensible reckons that installing solar energy and retrofitting an HVAC or other upgrade will likely lead to greater savings. Extensible Energy is looking for flexible load markets to generate revenue based on demand response, for frequency tuning, transmission services, etc.

Currently, less than 5% of commercial buildings in the US have tools to intelligently and economically manage their energy use while using up to about 35% of their electricity consumption.

Lightyear develops EV that runs on solar power, and it could further lighten the load on the power grid.

Lightyear is a company that designs solar electric vehicles and is based in the Netherlands. Currently, Lightyear is working in partnership with Valmet Automotive to prepare for the launch of Lightyear One.

Valmet is a supplier for car brands like Mercedes-Benz, Saab and Porsche. Additionally, Valmet has its own battery production line and is currently testing the development of an EV powertrain.

The Lightyear One is built with four wheels, a hood and a solar roof. It can accelerate from 0 to 60. When charged for an hour with solar power, it will have a 7.5 mile range – but with its fast charger, it will have an impressive 350 miles more after an hour of charging.

All of these technologies may create synergies that operate both on earth, and in space.

In a bold move by the US government, Rhea Space Activity was awarded $50,000 by the U.S. The Space Force to support research into solar-powered vehicles for use outside of Earth’s orbit.

After doing research, Rhea Space Activity thinks that using water as a propellant for a solar thermal-powered spacecraft could yield a possible outcome.

With an origami-style folding solar reflector design, concentrated sunlight provides both thermal and electrical propulsion, in addition to using water as a propellant.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

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