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VoltSafe Blog Team – November 8, 2024
The demand for safe and sustainable energy solutions is on the rise as we head toward an electrified future. Along with the increasing demand, the globe has become aware of the lack of infrastructure to support the increasing demand. As governments look toward increasing infrastructure spending and finding the financial resources as well as real estate to meet the infrastructure needs is a challenge. VoltSafe Inc.’s technology provides the solution to address infrastructure shortfalls immediately with its innovative, award winning, patented solutions. The groundbreaking technology has the ability to be scaled and adapted to the electrical power needs of any sector. With the ability to place the control of energy management at the outlet level with electricity users, the energy management can relieve pressure on the grid with the benefit of money savings going to the user. The strong product-market fit for VoltSafe’s technology means that the company is poised for significant growth as countries around the globe transition to electrification and race to meet safety regulations around our electrified future.
At the core of VoltSafe’s technology is its ability to deliver electricity safely through its easy to use prongless magnetic connectors. The company has developed a unique electrical connector design that does away with dangerous exposed metal prongs and replaces them with recessed contacts that use resistive sensing to deliver power safely and help the user manage their energy usage. Traditional plug-and-socket designs pose risks, including corrosion that leads to electrical shocks and fire hazards. VoltSafe’s innovative solutions eliminate these risks by utilizing a patented design of resistive sensing that allows for a safer connection, reducing the potential for accidents and fatalities.
As far as the energy management feature of the technology, the ability for customers to manage their energy usage at the outlet level will not only lead to savings on their energy bill but also manage the demand on the grid which is crucial as we move to electrification. Managing the demand for electricity from the customer also means that demand for more land and resources to build generators, dams and other power producing facilities will decrease. The cost savings for the utility companies can then be passed onto the consumer through reduced rates or purchase of power back from the customer.
The ability for Voltsafe’s technology to scale to the power needs and adapt to any industry has earned the interest and attention from several sectors of the economy. The technology can be easily integrated into various sectors, ranging from the marine industry, warehouses, emergency response, production houses, farming, construction, hospitals and clinics, the defense sector and smart home industry.
In the marine sector for example, the amount of power delivered through VoltSafe connectors can be scaled from 30A to 100A. Imagine the ability to manage the power usage of a 100A marine shore power pedestal safely.
VoltSafe’s product-market fit is evident in the active purchase orders for VoltSafe Marine and the incoming requests for VoltSafe’s solutions from various industries. As the world shifts toward electrification and renewable energy solutions, the need for safe and efficient electrical connections is becoming increasingly critical. The National Fire Prevention Agency (NFPA) responsible for setting safety regulations and National Electrical Code(NEC) are responsible for setting standards around design and installation of electrical systems, and guide the minimum standard of safety that electrical hardware manufacturers have to meet. By attending trade conferences and meetings with authorities like the ABYC(American Boat and Yacht Council) and staying on top of the latest electrical code and safety regulations mean that the company is able to plan and build their hardware to meet regulations to meet current safety certification and also future proof their solutions to meet upcoming regulations.
This safety criteria as well as the easy disconnect electrical connector has now become highly demanded amongst emergency vehicle, medical, warehousing and farming sectors. VoltSafe’s technology is not only meeting a pressing market need in the marine sector but also supports the transition to electrification for other sectors that currently lack the infrastructure to meet their energy usage demands. The company’s strategic partnerships with key players in various sectors, innovation platforms like Newlab and government programs such as Oceans Super Cluster project as well as AARP, further bolster its market position. These collaborations not only enhance VoltSafe’s visibility but also facilitate entry into new markets, expanding its reach and potential customer base.
VoltSafe’s technology sits at the intersection of innovation, scalability, and strong product-market fit, positioning it for high growth in the coming years. As the global demand for safe, efficient, and sustainable energy usage continues to rise, VoltSafe’s unique, award winning, patented solutions place it in an advantageous position to grow and expand quickly to meet the need for support to access more electricity. With its commitment to safety and efficiency, the company is primed for the shift to electrification and the demand for its hardware and software solutions. Investors, consumers, and industry stakeholders alike should keep a close eye on VoltSafe as it propels itself into the next phase of growth and innovation. If you would like to be a part of VoltSafe’s exciting growth journey, join our Frontfundr campaign or you can email invest@voltsafe.com.
About VoltSafe Inc.
VoltSafe Inc. is changing the way people connect to power. Headquartered in Vancouver, BC, the Canadian tech startup has reinvented the electrical plug by eliminating prongs, adding magnets and an “electrical fingerprint”. Using patented technology, VoltSafe has created the world’s safest, simplest, and smartest plug design since electricity came into homes more than 140 years ago. The company’s product pipeline includes magnetic plug replacement solutions for household, commercial, industrial, marine, electric and autonomous vehicles, emergency services, data centres and more.