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Former watch trader is now building the AWS of grid storage, Terralyr
The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers.
Grid-scale batteries help save renewably generated power for just such days, and they have boomed in recent years, with global capacity tripling in 2023, according to BloombergNEF. AWS transformed enterprise computing, allowing companies to run servers without owning hardware and quickly scale them as needed. Man said the company uses a model, built in part using previous bids from its own customers, that predicts what a typical trader would do.)
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