Boston, USA / Seoul, South Korea – August 11, 2025 — In a strategic move set to redefine the energy landscape, Electra Vehicles, Inc., the U.S. pioneer in AI-powered battery intelligence, and EIPGRID Inc., Korea’s leading innovator in community energy services and solutions, have officially signed a Memorandum of Understanding (MoU) to join forces in creating next-generation AI-powered energy ecosystems.
At the heart of this partnership lies a powerful vision: to embed Electra’s AI-driven “Brain for Batteries” into EIPGRID’s modular platform for energy analysis, management, and optimization, unlocking unprecedented optimization, predictability, and profitability across the energy value chain.
Fueling the Future with Intelligence
Electra’s proprietary battery analytics engine transforms raw data into actionable intelligence by calculating real-time State of Charge (SoC), State of Health (SoH), Remaining Useful Life (RUL), degradation forecasting, fault-risk detection and prediction.
This core technology is now set to be integrated into EIPGRID’s Powersight, a marketplace platform that offers a diverse range of energy services, including AI-based energy analysis, smart load and resource orchestration, resource optimization, and dynamic scheduling with forecasting capabilities. By combining these capabilities, the integration will empower utilities, aggregators, and energy asset owners with:
- Smarter Energy Orchestration: enabling real-time decisions on when and how to charge, discharge, or aggregate assets
- Predictive Battery Insights: reducing risk, extending asset lifetime, and maximizing ROI
- Frictionless Optimization: seamlessly embedded into grid applications, demand response, and microgrid systems
“Our technology acts as the central nervous system for any battery-powered application,” said Fabrizio Martini, CEO of Electra Vehicles. “Think of it as the brain for batteries — continuously learning, adapting, and optimizing. Through this partnership with EIPGRID, we’re scaling that intelligence to empower entire energy ecosystems, from residential storage to national grid assets.”
Strategic Synergy Across Borders
Under the MoU, the two companies will deliver:
- Integrated Growth Strategy: Electra Vehicles and EIPGRID will co-develop bundled AI and VPP solutions for international markets, align go-to-market strategies through shared insights and co-branding, and implement a revenue-sharing model to ensure long-term value. Electra’s Battery Fleet Analytics will also be offered as a premium add-on within EIPGRID’s Powersight platform, creating upsell opportunities for enterprise BESS customers.
- AI-Driven Battery Intelligence: By integrating Electra’s AI capabilities into EIPGRID’s Powersight platform — including accurate estimation of State of Health (SoH), Remaining Useful Life (RUL), and fault detection and prediction — the partnership delivers enhanced battery visibility for operators. This empowers more efficient demand response (DR) operations, supports proactive maintenance, extends battery life, and unlocks new monetization opportunities for large-scale BESS deployments.
- Early Risk Detection and Fire Prevention: enhance early warning capabilities by integrating battery thermal monitoring and fault diagnostics, enabling the prevention of ESS-related incidents on site and minimizing the financial losses associated with battery damage or thermal runaway events.
“Through this partnership, we’re not just adding battery analytics, we’re expanding the intelligence layer across the entire distributed energy value chain,” said Tony Lee, CEO of EIPGRID. “Together, we’re building the foundation for the next era of energy flexibility and resilience.”
Toward a More Resilient, Profitable, and Data-Driven Grid
As battery chemistries diversify and demand for flexibility skyrockets, real-time intelligence becomes the most valuable currency in the energy transition. Electra’s AI engine transforms every battery into a smart asset, capable of communicating with the grid, predicting its own future, and adapting to market signals.
By embedding this capability into EIPGRID’s advanced energy management platform Powersight, the partnership:
- Unlocks maximum asset value for energy players
- Enables scalable participation in global flexibility markets
- Drives forward a data-first approach to decarbonization
Next Steps
In the coming months, the Parties will hold regular strategy sessions and co-develop integrated client proposals, aiming to deploy the first pilots and bundled solutions in the incoming months.
About Electra Vehicles, Inc.
Electra is the leading AI-driven cleantech and B2B software company dedicated to unlocking the full potential of battery technology. Our mission is to drive society forward by powering a sustainable, electric future. We deliver cutting-edge AI/ML-enabled solutions and advanced data analytics to Automotive OEMs, Tier 1 Suppliers, Battery Manufacturers, Fleet Operators, and BESS Operators. By transforming battery performance, safety, and efficiency, we empower key stakeholders to lead the transition toward a cleaner, electrified world.
For more information and updates, visit Electra official website and LinkedIn.
About EIPGRID Inc.
EIPGRID Inc. is a provider of community energy services and solutions, with over a decade of experience in the global energy sector. Its product portfolio spans Virtual Power Plants (VPP), Demand Response, Solar PV, Energy Storage Systems, Electric Vehicles (EV), and Microgrids. Committed to innovation and sustainability, EIPGRID delivers an advanced service platform that integrates diverse energy technologies across all market layers, empowering communities, businesses, and utilities to streamline their energy transitions and build a more unified, resilient energy ecosystem. For more information and updates, visit EIPGRID’s official website, LinkedIn, Youtube, and X.
