Terra One Company Market Research Report
Company Overview
Name
Terra One
Mission of the Company
Terra One's mission is to achieve climate neutrality through the use of energy storage combined with innovative trading technology.
Founded and Founders
Founded in Summer 2023 by Tony Schumacher and Thomas Antonioli in Berlin.
Key People in the Company
- Tony Schumacher: CEO & Founder - Responsible for software development, data science, and trading activities. He has a decade of experience in software engineering for the energy and financial service industries.
- Thomas Antonioli: CFO & Managing Director - Handles finances, fundraising, and corporate leadership. Previously scaled Grover to over 250 million Euros in revenue.
- Marvin Neumann: Head of Acquisition - Responsible for project site acquisition and leads a team of five employees. Over 10 years in business development and sales.
- Maximilian Bodewein: Head of Development - Ensures network access and approvals for projects, leading a team of five employees. He started his career in project development.
- Charles Gilmour: VP EPC - Manages the awarding, procurement, and management of external EPC partners with vast experience from the renewable energy sector.
- Timmy Köhler: VP Corporate Finance - Oversees capital planning and relations with stakeholders. Over 10 years in project and corporate finance with a focus on energy storage.
- Matthias Plappert: Lead Engineer AI - Specialized in machine learning applied to automated trading, with past experience at OpenAI and Github/Microsoft.
- Jasmin Gorski: Head of HR & Back Office - Manages administrative tasks and team coordination, ensuring office efficiency.
- Malte Herberg: CTO & Co-Founder - Manages infrastructure for trading algorithms and machine learning, collaborating with Tony Schumacher.
Headquarters
Berlin, Germany
Number of Employees
20 specialists from varying fields such as software development, data science, and energy trading.
Revenue
No information is available.
Company Recognition
Terra One is recognized as a pioneer in battery storage solutions, focusing on stabilizing the power grid and increasing renewable energy use through innovative battery storage technologies.
Products
Products Offered
Terra One offers several products involving advanced energy storage solutions for various applications:
1. Project Development: Custom energy storage project development from design to implementation.
2. Asset Management: Manages energy storage projects offering landowners passive income opportunities while maintaining operations.
3. Energy Trading: Utilizes a sophisticated platform approved by the European Power Exchange (EPEX) with automated trading algorithms.
High-Level Product Descriptions
- Energy Traded with AI: A software platform that uses AI to automate electricity trading on wholesale and balancing markets.
Key Features of Each Product
1. Project Development: Tailored to local spatial requirements and connects cooperatively with landowners, communities, and grid operators.
2. Asset Management: Provides responsibility for energy storage projects, ensuring operational efficiency.
3. Energy Trading: Uses machine learning algorithms for trading, combining extensive trading experience with AI expertise.
Recent Developments
Recent Developments in the Company
- April 2024: Terra One secured $7.5 million in seed funding to expand battery storage systems in Germany, aiming to stabilize the energy grid using Tesla batteries and AI technology.
- The development emphasizes energy storage solutions that save energy during off-peak times to deliver during peak demand, addressing grid overload issues.
New Products Launched
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- Terra One intends to collaboratively work with landowners, municipalities, and grid operators to realize green energy goals.
Conclusion
Terra One stands at the forefront of Germany's energy transition, focusing on energy storage and smart energy trading solutions to achieve climate neutrality. The company leverages expert teams and innovative technology to optimize energy storage and maximize electricity market profitability.
