FERMATA ENERGY

Fermata Energy is an energy technology company. Fermata leverages electric vehicle batteries to provide energy storage for the electricity grid. Because electric vehicles remain parked and unused much of the time, they are an underutilized asset. With their technology, these batteries can be exploited with a little incremental cost. 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 is based in Charlottesville, Virginia.