Phillip Man, the founder of Terralayr, is on a mission to revolutionize the energy storage industry. Drawing on his experience in the energy sector, Man recognized the growing need for efficient and reliable grid-scale batteries to support renewable energy sources.

Terralayr's innovative approach is a departure from traditional energy trading models. Instead of acting as a trader, Terralayr functions as an exchange, aggregating and virtualizing energy storage assets. This allows buyers to access capacity from various sources without the need for direct contracts.

By leveraging its advanced technology platform, Terralayr can optimize battery usage and ensure that energy is dispatched at the most advantageous times. This helps to reduce costs for both buyers and sellers while contributing to a more sustainable energy grid.

Terralayr's business model has attracted significant interest from investors, with the company raising €77 million in funding. This capital will be used to expand its operations and develop new partnerships.

As the demand for energy storage continues to grow, Terralayr's innovative approach could position the company as a key player in the energy transition. By providing a more efficient and transparent market for energy storage, Terralayr is helping to pave the way for a cleaner and more sustainable future.