Analyst Report: Upgrade for access Joule Case Is Charging Into the Future
Joule Case sells portable, modular battery systems that can provide clean energy. But its valuation could make investors hesitate.
- Company: Joule Case on Wefunder 2022
- Security Type: Equity - Common
- Valuation: $34,967,760
- Min Investment: $100
- Platform: Wefunder
- Deadline: Feb 7, 2023
The Future of Energy
One of the reasons why fossil fuels have powered us for so long is that they are easy to use. They just need to be burned to free their energy for electricity. Just put gas in the tank of your car, and you’re ready to go.
For renewables, it’s a different story. Solar panels and wind turbines must capture energy from the shining sun and the blowing wind to produce electricity. But we cannot ask the wind to blow on demand. Therefore, electricity is only produced intermittently and in certain conditions. That’s why the only way to make renewable energy convenient is to store it.
And there are a lot of ways to store energy.
This isn’t the first time I’ve written about energy storage. It is so important for the transition to a carbon-free world. In a few decades, renewable energy storage will be everywhere. But it is a complex technology that still needs startup innovation.
See, every type of energy storage has its advantages and disadvantages. Some are fast and others slow. Certain materials are polluting and others more sustainable. And while a few can last a long time, most batteries have limited lifespan.
The most common method for short-term energy storage is the lithium-ion battery. There are so many lithium-ion battery startups on the market that it’s hard to keep up. But Joule Case is different from most of the solutions I’ve encountered.
Its batteries are portable, stackable, and range in size from small 500-watt batteries to container-sized 540-kilowatt batteries. They can be charged with solar panels — which most customers do — or just plugged into the grid. Joule Case’s batteries are separable from the plug and buttons, so customers can connect them together like Legos depending on their needs, using more batteries for more energy. Joule Case’s modular and portable features are a distinctive — and patented — technological advantage over alternative solutions.
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