Artificial Intelligence seen as a key technology to enable better balancing of UK’s energy market

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 delivers successful Innovate UK project

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 in the media

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 Secures £545,000 Seed Funding

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 awards Balanced Energy Networks consortium £2.9m

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.