November 2016 – Upside Energy make the Global Cleantech 100 Ones to Watch list
Upside Energy has been named on the Global Cleantech 100 (GCT100) Ones to Watch list.
The GCT100 Ones to Watch list seeks to highlight a group of upcoming companies that are catching the eye of leading investors and corporates in the market. The GCT100 Ones to Watch companies are part of the top 250 nominated and carry support among the GCT100’s expert panel.
For a complete list of the companies named in the GCT100 Ones to Watch list, please visit i3connect.com
For more information about the Cleantech Forum held in San Francisco, please visit www.cleantech.com
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. The energy system is undergoing fundamental change as we all use more intelligent devices and deploy ever greater amounts of renewable generation. We’re positioning our platform to help everyone — households and small businesses as well as large energy users — benefit from this change.”
Notes for editors:
About Upside Energy – Upside Energy was founded in 2013 and was originated for the Nesta Dynamic Demand Challenge.
Upside Energy is an innovative energy start-up based in the UK. Their aim is to reduce greenhouse gases and to generate an income for people by enabling them to make smart choices about when to use energy. Upside are driven by a belief that they can address some of the fundamental quandaries the UK’s traditional, asset heavy energy infrastructure faces, as it grapples with the trilemma of affordability, sustainability and security of supply.
Upside smooths the flow of energy across the grid. They have developed a flexible and scalable cloud service that enables tens of thousands of households and business sites to participate in schemes for ‘demand response’, where grid operators and energy suppliers pay people to shift their electricity usage from peak to off-peak times.
By orchestrating the energy stored in devices people already own e.g. uninterruptible power supplies UPS), batteries attached to solar PV systems, electric vehicles and their charge points, heating systems, etc. Upside creates a Virtual Energy Store™ (VES). The VES is then used to sell services to balance supply and demand on the grid. Upside then redistributes this service revenue back to the original device owners.