Frequently asked questions
- What is FUERGY? FUERGY is Slovak tech company providing energy optimization. To be maximally proficient, FUERGY has developed its own, highly-scalable energy storage solution and AI-powered software platform that meets the special needs of energy management systems. FUERGY offers complex but tailor-made products and services not only to end-customers but also to energy retailers or power plants.
What problem does FUERGY solve?
In order to help to reduce the impacts of global warming, we need to start using resources which are available, renewable and whose potential is undervalued, such as solar or wind power. However, due to inconsistency in energy generation, their production peaks are usually not meeting the demand peaks.
FUERGY is coming up with solutions that will decentralize the production and distribution of electricity to the local level. In this way, electricity will be consumed as close as possible to its source, and its production and consumption will be balanced, well-timed, and most importantly, with respect to the environment. Decentralization seems to be the answer to the growing demand for electricity without having to invest billions in centralized power production which accelerates climate change.
- What is the product? FUERGY has developed its own sophisticated, AI-powered software called brAIn which is paired with highly scalable hardware device. This unique solution aims to help the FUERGY community members to optimize their energy consumption, reach the full potential of their renewable energy systems and participate in the energy market.
- Are there any product versions? FUERGY offers an opportunity to create renewable energy through a portfolio of products and services that enable more cost-effective energy generation and reduced energy consumption: FUERGY Business, FUERGY Home, FUERGY Lite.
- What is your business model? FUERGY Industries j.s.a. will generate revenue by selling FUERGY Devices - FUERGY Business, FUERGY Home, FUERGY Lite. Additional revenue is obtained by charging a fee out of each transaction or by share of electric energy saving (according to the market) made in the New Energy Ecosystem.
- Who can join the New Energy Ecosystem? Is it necessary to build a new power grid? The New Energy Ecosystem is a network of FUERGY Users and their devices connected through the automatic AI-powered energy sharing platform. Any entity connected to the existing power grid can become a member of the Ecosystem. There is no need to build any new physical connections (e.g. cables) because FUERGY uses an existing power grid. Every energy prosumer (a person who consumes and produces energy) is a potential FUERGY's customer.
- What are benefits of the New Energy Ecosystem for its customers and how does it affect utilities? New Energy Ecosystem members will have a stable energy supply with higher power quality, and potentially a lower price. They can also increase the ROI of their green energy sources by selling the produced energy. On the other hand, utility companies can benefit from added flexibility, congestion relief, and increased power quality, as well as providing network support in times of stress by aiding restoration after faults.
- Are you aware of any legal barriers that can restrict the installation and usage of FUERGY Device? Our solution is designed to operate on existing distribution grids within all deregulated and most regulated markets around the world.
- Is FUERGY platform secure? Yes, all communications between the individual FUERGY Devices are safe. It is protected on the communication protocol level by one-way communication, data integrity control and usage of secure technologies.
- I have a renewable energy source, can I use your product? Yes. FUERGY Solution can bring greater financial returns to your already installed renewable energy source and lower your electricity bill.