Fermata Energy

fermataenergy.com

A renewable energy tech company, Fermata Energy unlocks the value of EV batteries by leveraging them to provide flexible and affordable energy storage for the electricity grid. Because EVs remain parked and unused much of the time, they are an underutilized asset. EV fleet owners can earn revenue from their local utility or save on their electricity bill by sending some of the energy stored in EV batteries to the grid (V2G) or to a building (V2B). By leveraging existing batteries, they avoid much of the cost competing for storage technology requires while providing vehicle customers a lower cost of ownership through shared grid storage revenue. Fermata Energy is the first company in the US to earn OEM approval for battery warranted. The company is based in Charlottesville, Virginia.