Electriq Power, a developer of home energy solutions, entered into a definitive agreement with Lilypad Energy, a provider of data analytics solutions for the energy industry focusing on battery energy storage applications. Lilypad Energy will enhance the performance capabilities of Electriq Power’s fleet of residential and small commercial battery systems that can be paired with or without solar. The entirety of Lilypad Energy’s software and branding rights are now Electriq’s.
This is the latest development in Electriq Power’s expanding operations, following an announcement in early September that the company had entered into a definitive agreement with Emergent Microgrid, a provider of turnkey microgrids. Plus, it has a new LFP-based battery system.
What’s Lilypad do?
Lilypad Energy’s software enables system optimization planning before battery systems are installed at commercial and residential sites. The software provides evaluation capabilities to assess revenue generation opportunities from interventional curtailment for demand response, ancillary services, and other forms of system balancing grid-services, the building blocks for Virtual Power Plants (VPPs).
These assessments also provide smaller installation companies an affordable platform to optimize their planning and proposals.
“It’s exciting to join Electriq Power, one of the few companies in a position to leverage distributed energy resources as true grid assets,” said Henry Meyer, who will join Electriq Power as the head of its newly formed Services Group. “We will focus on accelerating deployments of battery systems to deliver the highest value to the broader energy system.” Meyer has previously held roles at ADL Ventures, Navigant Consulting, and Enernoc.
For Electriq, Lilypad Energy will help accelerate deployments of battery systems and provide real-time grid services as the company continues to pursue value-added services for Virtual Power Plants.