Elyos Energy is a promising startup in the climate tech sector, founded in June 2023 by a team of seasoned energy experts. Backed by Y Combinator, Elyos Energy is in its seed stage and focuses on transforming how commercial buildings manage their energy consumption. The company operates in the energy management market, specifically targeting large commercial buildings, which account for over 30% of global electricity consumption.

Elyos Energy's core product is a Software-as-a-Service (SaaS) platform that integrates with smart thermostats, HVAC (heating, ventilation, and air conditioning) systems, solar panels, and battery storage. This platform optimizes real-time energy usage, shifting consumption away from peak energy price periods. Additionally, it enables buildings to participate in national grid demand response events, where they can earn money by reducing energy usage during peak demand times.

The business model is subscription-based, where clients pay a recurring fee to use the platform. This model ensures a steady revenue stream while providing clients with continuous updates and support. Elyos Energy primarily serves property managers, facility operators, and owners of large commercial buildings who are looking to reduce energy costs and contribute to decarbonization efforts.

The company is driven by a team with impressive backgrounds. Adrian Johnston, with a strong focus on climate change and energy transition, brings consulting experience from the Boston Consulting Group. Philippa Brown, formerly Head of Strategy at OVO Energy, adds strategic insight and industrial technology expertise. Panos Stravopodis, an experienced tech leader, ensures robust and innovative software solutions.

In summary, Elyos Energy is making significant strides in the energy management market by offering a smart, integrated platform that not only reduces costs but also supports environmental sustainability.

Keywords: climate tech, energy management, SaaS, commercial buildings, smart thermostats, HVAC systems, solar integration, battery storage, demand response, decarbonization.