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.
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.
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.
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.
Find out how the Nesta Dynamic Demand Challenge kicked off an exciting journey for the team at Upside Energy on Nesta’s new Challenge Prize website.
Upside have been invited to hold an all day exhibit at the National Grid Wokingham offices.