Bamboo Energy launches cutting-edge software

Bamboo Energy Team
  • Smart energy management

IREC’s technological spin-off, Bamboo Energy has developed an energy optimization platform based on artificial intelligence addressed to new agents in the energy market: demand aggregators – companies that manage in a aggregated and coordinated way the consumption of various users for its participation in different electricity markets-, which will be key figures to favour the implementation of renewable energy distributed throughout Europe.

This unique technological solution to manage aggregation arises after seven years of research at IREC and enables companies to operate optimally in new energy markets, generating income while being flexible in consumption and more efficient. Thus, it will coordinate distributors and consumers to define their new roles in an environment where electricity flows cease to be unidirectional (from the generation plant to the consumer), to become bidirectional (the consumer can be at the same time a producer -prosumer- and choose the right moment to sell and buy energy).

Thanks to its algorithms, the platform allows functionalities such as forecasting the demand for electricity consumption, predicting customer flexibility, the possibility of making optimal joint offers in real time, the management of all flexible assets (such as electrical equipment), air conditioning, electric vehicles, batteries or cold machines) in response to the request of the network operator, or the issuance of alerts in case the power rises excessively. Through a control center, it connects to the electricity market to offer these services.

According to Cristina Corchero, the creator of the platform, founder of Bamboo Energy and leader of the IREC Energy Systems Analysis research group “achieving a 100% renewable system is not possible without the flexibility of demand. In this sense, Bamboo Eergy is an enabling agent for the transformation of the energy sector “.

Bamboo Energy has received direct grant of 75,000 euros from the Startup Capital line of ACCIÓ (the agency for the competitiveness of the company of the Department of Business and Labor of the Generalitat de Catalunya), for technology startups in the initial phase. This endowment will help finance the more than 250,000 euros of investment in technological products and talent that the company will carry out this year.

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