Singapore Startup Seeks to Give Solar Power a Competitive Edge
- Electrify hoping to let users and producers side-step grid
- Platform currently undergoing 100-user pilot in Singapore
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A Singapore startup is seeking to connect potential buyers and sellers of solar power directly.
Electrify Pte’s platform lets owners of homes and businesses bid and offer rates for specific amounts of electricity. By selling directly to users rather than the grid, solar owners can get more money for their power, while consumers avoid paying a premium for renewable energy.