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Summer 2024Industrials

Rewbi

Rewbi uses AI to increase grid-connected battery storage revenue 2x

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About Rewbi

Rewbi uses AI to optimize grid-connected battery storage. We generate revenue by charging when electricity is cheap and discharging when electricity is expensive. We rent battery storage for a fixed fee per month, and we earn 2x that fee in monthly revenue by dispatching the battery optimally. Today, power companies use human traders to manually track grid conditions and update the battery’s dispatch schedule. However batteries can adjust their power output 100x faster than traditional power generation (e.g. hydro, coal, nuclear, gas), with the ability to go from full-speed charging to full speed discharging in under a minute. Electricity prices change every 5 minutes, often by 300% or more. Our AI better tracks 100s of live inputs, and it makes decisions faster than a human operator (with lower overhead!), improving revenue 2x.

Quick facts

YC Batch
Summer 2024
Founded
2024
Team size
2
Industry
Industrials • Industrials -> Energy
Tags
energy-storage, b2b, energy, renewable-energy, climatetech
Website
www.rewbi.com
Profiles
LinkedIn · Twitter

Founders

Thomas Marge
Founder
Thomas is co-founder and CEO of Rewbi, which uses AI to optimize grid-connected battery storage. He previously founded inBalance, a YC W21 company, which was acquired by Stem (NYSE: STEM) in January of 2023. He led batte…
Derek Modzelewski
Co-Founder and CTO
Ex. Meta and Adept | Combining AI and energy commodity trading experience to make our power grids more stable. Placed first energy commodity trades 10 years ago. Adept’s first technical hire; his AI models were used to …

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