- Acquired by SolarEdge Technologies, Sep 2023
- Raised grant, Dec 2021
About
Fonto Power is the developer of a revolutionary AI-powered green energy generation management system. The system is based on a high-efficiency solid-oxide fuel cell (SOFC) system combined with behind-the-meter rechargeable batteries and advanced software and algorithms that determine the optimal mix of SOFC energy generation, on-site energy storage, in-building consumption, and public electrical grid feed-in capacity. Fonto Powers advanced software communicates with the public electrical grid and the buildings equipment for automatic demand-response functionality and peak shaving. The system paves the way for a smooth transition to hydrogen, with operational flexibility that allows the use of either natural gas, blended natural gas and hydrogen, or pure hydrogen.
Funding history · 1 round · $200K total
Q&A
- What is Fonto Power's primary business?
- Fonto Power develops an AI-powered green energy generation management system based on a high-efficiency solid-oxide fuel cell (SOFC) system combined with behind-the-meter rechargeable batteries and advanced software.
- When was Fonto Power founded?
- Fonto Power was founded in January 2021.
- What is the current status of Fonto Power?
- Fonto Power was acquired by SolarEdge Technologies in September 2023 and is currently inactive.
- Who acquired Fonto Power and when?
- SolarEdge Technologies acquired Fonto Power in September 2023.
- How many employees does Fonto Power have?
- Fonto Power has 1-10 employees.
- What was Fonto Power's last known funding round?
- Fonto Power received a Grant round in December 2021 from the Israeli Ministry of Energy.
- Who are the founders of Fonto Power?
- The founders of Fonto Power are Nati Freiberg and David Eliyahu.
- What technology does Fonto Power utilize in its system?
- Fonto Power's system utilizes Artificial Intelligence, software, and platforms & interfaces to manage green energy generation.
Team · 2
Sectors & technology
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Identifiers & details
| Former names | BATTERFUEL TECHNOLOGIES |
|---|---|
| Founded | 2021-1 |
| Employees (exact) | 4 |
| Status reason | Acquired (Inactive) by SolarEdge Technologies on Sep 2023 - closed due to acquisition |
Acquisitions & public offerings
Acquired by SolarEdge Technologies 2023-09