Rewbi

Rewbi uses AI to increase grid-connected battery storage revenue 2x

Y CombinatorSummer 2024ActiveIndustrialsEnergyEnergy StorageB2BEnergyRenewable Energy

What they do

Problem

Grid-connected battery storage operators lose potential revenue because human dispatch and trading cannot react optimally to fast-changing electricity prices and grid conditions.

Solution

Rewbi provides an AI-driven battery dispatch optimization system that automatically charges when power is cheap and discharges when it is expensive to maximize revenue.

Who it's for

Power companies and grid-connected battery storage owners/operators use it to optimize battery dispatch and increase revenue.

Founders

Thomas Marge

Founder

Thomas is co-founder and CEO of Rewbi, which uses AI to optimize grid-connected battery storage. He previously founded inBalance, a YC W21 company, which was acquired by Stem (NYSE: STEM) in January of 2023. He led battery storage optimization and forecasting for Stem. He completed part of a Pure Mathematics PhD at University of Cambridge, which he left to build inBalance. He holds a Masters in Applied Mathematics and B.S.E. in Pure and Applied Mathematics from Johns Hopkins, graduating early.

Derek Modzelewski

Co-Founder and CTO

Ex. Meta and Adept | Combining AI and energy commodity trading experience to make our power grids more stable. Placed first energy commodity trades 10 years ago. Adept’s first technical hire; his AI models were used to raise over $400m in capital. Previously worked with early foundation models at Meta as an ML engineer. Holds a Masters in C.S. and B.S.E. in C.S. Applied Mathematics from Johns Hopkins, graduating early.