Blip Energy

What they do & why the LACI Cleantech Debt Fund invested

Blip Energy’s plug-and-play smart battery is designed to address a few energy issues: manage peak electricity demand, lower costs for users, and cut operating expenses for utilities. Built using human-centered design principles, the battery aims to meet the energy demand of multi-unit residential, rental, hotel, and commercial buildings, which are often hard to retrofit.

By controlling the high-power use of devices like portable air conditioners and space heaters, Blip offers a new way to help stabilize the grid while also allowing customers to save money on bills and providing backup power to users.

“We set out to build a seamless product for end users without disrupting their daily routine,” says Chance Cobb, co-founder and COO of Blip Energy. “This new category of battery energy storage system (BESS) makes an immediate impact, without the typical barriers around cost, permitting, and professional installation.”

Blip is co-founded by CEO Sophia Wennstedt.

Receiving a grant from the Department of Energy (DOE) in 2024, Blip aims to support the DOE’s goals to reduce the cost of BESS integration, improve the coordination between distributed energy resources and the electrical grid, and help meet building decarbonization targets.

Managed by Mission Driven Finance, the LACI Cleantech Debt Fund invests in companies working on solving challenges related to climate change. Blip came to the fund through the LACI’s Incubation Cohort 7. Capital from the LACI Cleantech Debt Fund allows Blip to refinance a higher-interest loan originally used to bridge the company’s operations for the DOE grant.