
BeChained
BeChained builds the largest electric capacity network from demand flexibility to help grid balance, certify businesses carbon footprint and generate CO2 credits for sustainable innovation.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | €0.0 Valuation: €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $800k | Grant | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 400 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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BeChained.com is a startup that uses artificial intelligence (AI) to help manufacturers reduce their energy costs and carbon footprint. The company operates in the energy and manufacturing markets, serving industrial manufacturers who are grappling with volatile energy prices and increasing pressure for sustainable products.
BeChained's business model revolves around making manufacturing processes more energy efficient, enabling manufacturers to sell energy assets in demand-response markets, and certifying the carbon footprint at the product level. The company uses AI to identify optimal settings on machines and automatically execute improvements in production. This approach can make production processes 19% more energy efficient, reducing energy costs for manufacturers.
In addition to cutting energy costs, BeChained also helps manufacturers reduce their carbon emissions. The company aims to avoid 65 million tons of CO2 per year from wasted energy in manufacturing by 2040. It does this by focusing on both non-core and core processes, using state-of-the-art AI technology to deliver continuous improvement and supervised decision making.
BeChained also offers a certification service for manufacturers' carbon footprints. The company collects data from direct sources like energy meters, then stores this information in a blockchain for carbon reporting and CO2 credits. This service is compatible with any OEM smart meters and MES.
Finally, BeChained helps manufacturers generate new income by certifying their carbon footprint for the Net-Zero Emission program, quantifying carbon offset savings, trading CO2 credits, and selling demand-side flexibility in demand-response markets.
Keywords: Energy Efficiency, Carbon Footprint, Artificial Intelligence, Manufacturing, Demand-Response Markets, Blockchain, Carbon Reporting, CO2 Credits, Net-Zero Emission, Energy Cost Reduction.