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.
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.
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.
Innovate UK has awarded £2.9m towards a £4m ICAX led consortium, including Upside Energy, to build a Balanced Energy Network at London South Bank University to demonstrate innovations in integrated energy supply chains.
Innovate UK have invited Upside to a follow up session on the Localised Energy Systems Project Portfolio.
Upside will be at the Low Carbon Networks & Innovation Conference in Liverpool on the 25th and 26th November. We will be featured on the Innovate UK stand so come and find us there.
Upside will be at Innovate UK 2015 in London from the 9th to 10th November. Come and say hello and meet the team!