Blip Energy is a residential energy storage company focused on accelerating the adoption of renewable resources. Their primary offering is a smart, compact, and affordable home battery system designed to provide households with greater control over their energy consumption. The company's goal is to drive organic growth at the residential level, with the aim of inspiring utilities and government incentive programs to champion residential energy storage systems.
Blip Energy's technology utilizes second-life battery cells from electric vehicles to build portable, plug-and-play energy storage packs. This approach not only lowers the cost per kilowatt-hour but also contributes to a circular economy by repurposing EV batteries nearing the end of their vehicular lifespan. After the batteries' second life as home energy storage, they can be recycled, and the raw materials can be used to create new EV batteries.
Blip Energy's business model revolves around empowering communities and individuals to make a seamless transition toward sustainable energy practices without disrupting their daily lives. By providing energy resilience during outages, lowering electric bills, and supporting grid stability, the company aims to demonstrate the benefits of residential energy storage to utilities and policymakers.
In March 2023, Blip Energy acquired SmartEnergy Solutions, a provider of demand response and energy management services. This acquisition expanded Blip Energy's offerings to include demand response capabilities, further enhancing its value proposition to utilities.
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