Following success at the regional finals in March, UK-based start-up Upside Energy has beaten over 130 competitors to be named national winner of the prestigious 2017 Shell Springboard programme at an event in London on 6 April. The award, worth a total of £150,000, was made in recognition of the groundbreaking work Upside Energy is doing using cloud technology to smooth the flow of energy across the electricity grid.
Next generation AI techniques for energy demand response
Upside Energy and Heriot-Watt University have been awarded a Knowledge Transfer Partnership (KTP) grant by Innovate UK to maximise the opportunities presented by the emerging energy demand response market.
The project will use machine learning, and distributed artificial intelligence methods to manage a portfolio of storage assets to provide real-time energy reserves to the grid.
Upside were recently announced as one of the winners of EDF Blue Lab, EDF Energy’s innovation accelerator, created to harness the latest technologies, developing energy services and testing the new business models of tomorrow.
Upside Energy has won the Smart Grid Technology of the Year and come Highly Commended in the Technology of the Year award, sponsored by Innovate UK, at the 2016 BusinessGreen Technology awards in London.
Upside Energy has been named on the Global Cleantech 100 (GCT100) Ones to Watch list.
Dr Graham Oakes, Founder and CEO of Upside Energy, said: “Making the Global Cleantech 100 Ones to Watch list is great recognition for the progress we’ve made over the last year.”
In 2015, the UK’s innovation agency, Innovate UK, awarded £472k under the Localised Energy Systems competition to a consortium led by Upside Energy Ltd to build a cloud service that will help reduce the cost of energy in the UK while also reducing the environmental impact of energy generation.
The 18-month project was completed in September 2016. The consortium partners, including Upside Energy, Sharp Laboratories of Europe, The Schools of Mathematics and Electrical and Electronic Engineering at the University of Manchester and Enlight, are currently planning follow-on activities and partnerships, including ongoing participation in the revenue generating cloud service.
Upside Energy have just been announced winners of the 2016 Innovation Competition at edieLive, the energy, sustainability and resource efficiency conference held at the NEC Birmingham 17-18 May.
We had a busy few months at Upside Energy so we’ve compiled a round up of some of our recent press coverage.
Recent press articles include being identified as one of the five UK energy storage players you should know about in the new publication Network Magazine and coverage of our recent seed funding in Utility Week, Scottish Energy News, The Energyst and Social Stock Exchange.
Upside Energy announced today that it has secured £545,000 in seed funding to expand operations, build out the senior management team and run a large scale pilot with National Grid.
Upside exceeded its target raise of £500,000 from ClearlySo’s extensive network of high-net-worth angel investors, along with support from industry leaders such as Ian Marchant, former CEO SSE, and Chris Joly from Vitol.
Upside Energy has been nominated as part of EnergySpin’s Top 30 Most Promising Energy Startups in Europe.