Gyre Energy Raises $1.3m to Optimize Cold Store Energy Use
Gyre Energy, a UK-based energy tech company, has raised $1.3m to deploy its AI-powered platform in a global logistics leader's 140,000 sq ft cold chain operation. The platform aims to reduce energy consumption by forecasting cooling needs and storing thermal energy when electricity is cheap. This could help mitigate the strain on cold stores during peak power hours.
Key points
- Gyre Energy, a UK-based energy tech company, has raised $1.3m in funding.
- The company will deploy its AI-powered platform in a global logistics leader's 140,000 sq ft cold chain operation.
- The platform aims to reduce energy consumption by forecasting cooling needs and storing thermal energy when electricity is cheap.
- The deployment is part of Gyre Energy's largest project to date, with results to be measured against an IPMVP baseline.
- Gyre Energy's software uses advanced AI to study site behavior and optimize energy use.
Gyre Energy, a UK-based energy tech company, has secured $1.3m in funding to deploy its AI-powered platform in a global logistics leader's cold chain operation. The company's platform aims to reduce energy consumption by forecasting cooling needs and storing thermal energy when electricity is cheap.
The deployment is part of Gyre Energy's largest project to date, with results to be measured against an IPMVP baseline. The company's software uses advanced AI to study site behavior and optimize energy use.
Gyre Energy's solution could help mitigate the strain on cold stores during peak power hours, when electricity is most expensive. By storing thermal energy when prices are low, the company's platform can release it when demand is high, reducing the need for expensive peak-hour power.
The funding round was led by Speedinvest, with participation from rule30 and Plug and Play. Gyre Energy's platform has the potential to make a significant impact on the energy efficiency of cold chain operations worldwide.
Sources
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