Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Smart energy start-up secures £5.5 million investment
Upside Energy – which has received support from Innovate UK – attracts private investment to help it create new jobs and commercialise.
In its first major round of venture capital financing, Manchester-based Upside Energy attracted £5.5 million in order to grow its team and speed up the commercialisation and deployment of its cloud-based smart-grid platform.
Upside Energy has developed a technology that connects and benefits both suppliers and users, while reducing carbon emissions.
While the market for renewable power such as wind and solar is growing, these come from multiple sources and are intermittent. This makes it harder for power stations to generate electricity consistently.
Upside Energy’s platform aggregates the energy stored in everyday connected devices, such as batteries and hot water tanks, to create a virtual energy store that can be drawn on as needed.
Abstract details
Websites:
Link to Innovate UK website
Organisation: Innovate UK|Upside Energy
Subjects: Banking, finance and investment, Hydrocarbon release reduction, Carbon emissions