enjoyelec

Founded in 2015 by Ethan Zhu, enjoyelec, formerly known as PowerShare, operates as an AI-driven energy digitalization company based in Shanghai, China. The company rebranded from PowerShare to enjoyelec to reflect its vision of enabling people to enjoy clean electricity and a smart, low-carbon lifestyle.

The firm provides digital services for sustainable energy, leveraging artificial intelligence, battery AI, IoT, and big data to support the clean energy sector's transition to carbon neutrality. Its business model centers on offering integrated solutions for home and commercial clients, generating revenue through its advanced software platforms and hardware controllers that optimize energy usage and facilitate participation in energy markets. The company's client base includes homeowners, commercial and industrial entities, charging operators, and automotive manufacturers.

Enjoyelec's core products include a Home Energy Management System (HEMS), a Commercial & Industrial Energy Management System (C&I EMS), and a Virtual Power Plant (VPP) platform. The HEMS integrates solar panels, batteries, EV chargers, and other smart appliances into a single interface, allowing users to monitor and optimize energy consumption via a mobile app. A key feature is its ability to use AI to analyze dynamic electricity tariffs and weather forecasts, enabling users to automatically trade energy by buying during off-peak hours and selling excess power back to the grid for a profit. The VPP platform aggregates distributed energy resources like residential batteries and EV chargers to provide stability and flexibility to the power grid. This system allows for real-time energy trading and management, creating additional revenue streams for asset owners. Enjoyelec has secured strategic investments from prominent corporate venture funds including Porsche Ventures, BP Ventures, Volvo Cars Tech Fund, and the Renault-Nissan-Mitsubishi Alliance.

Keywords: energy management, virtual power plant, VPP, home energy management, HEMS, battery AI, energy digitalization, clean energy, sustainable energy, EV charging, smart grid, vehicle-to-grid, V2G, distributed energy resources, DERMS, energy trading, demand response, microgrids, low-carbon, carbon neutrality, energy AI, smart home, energy optimization, renewable energy integration, energy storage