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Electriq Power and Codibly expand working relationship to add greater value to energy storage and management solutions in the U.S.

PRESS RELEASE 21 JANUARY 2020

Electriq Power (“Electriq”), a developer of intelligent and integrated home energy storage, management and monitoring solutions, and Codibly, a European technology and consulting company, that harnesses cutting-edge technology, talent, and innovation to create sustainability solutions, have announced an expansion of their previous technology cooperation agreement.

Codibly and Electriq are focused on making sustainable energy more available and valuable for residential households and small businesses, helping users achieve decarbonization through energy efficiency and effective energy storage, using smart home batteries.

Electriq Power has developed a premier smart home battery storage solution for homes and small businesses, called PowerPod. The company helps homeowners harness the power of smart batteries to achieve a more renewable energy solution. PowerPod systems have been deployed across the United States, Puerto Rico, Canada, and Mexico, integrating clean energy into home energy systems.

Codibly brings robust data science, predictive analytics, AI and machine learning, business intelligence, and big data expertise to support Electriq Power’s smart battery systems. The result is a best-in-class home energy storage system that saves on electricity costs while providing energy flexibility and resilience.

“Data analytics and intelligent controls are essential to optimizing advanced energy storage systems, and Codibly helps add this value to our PowerPod system” said Aric Saunders, EVP, Sales and Marketing for Electriq Power. “As our product offerings progress toward utility grid service programs, we’re looking to leverage their expertise as part of a broader suite of solutions”.

“Years of experience in working for Europe’s biggest green energy enterprises made Codibly a team of experts in the fields such as energy efficiency, demand response, connectivity solutions, battery management or data analysis and forecasting, all focused on sustainable energy and its optimization” says Bartosz Majewski, CEO of Codibly. “This cooperation is a great opportunity for us to support Electriq’s technology assets with our experience and industry know-how. Our mutual goal is to simplify access to effective energy storage and management on a global scale, using new technologies as a tool to achieve it”.

“Codibly has helped us accelerate the integration of our various embedded software, mobile apps, consumer portals, installer apps, fleet management, and IoT device management into a seamless efficient platform” commented Frank Magnotti, CEO of Electriq Power. “Our vision is to have the most powerful Network Operating Center in the residential energy storage industry with proactive command and control and superior analytics”.

For more information contact:
Bartosz Majewski
Codibly
bartosz.majewski@codibly.com

Aric Saunders
Electriq Power
aric@electriqpower.com

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