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Open Utility

Early Stage Startup





Tagline

We are democratising energy



Elevator Pitch

Renewables are transforming the global electricity industry by empowering anyone to invest in and generate their own low carbon electricity. However, energy markets were designed for a few large energy companies and are not a level playing field for newcomers. Open Utility’s mission is to create a democratic and open energy market, making it easy and affordable for individuals, communities and businesses to buy and sell renewable energy directly.

As a first step to achieving this, we have developed Piclo, the UK’s first online peer-to-peer market for renewable energy. We have partnered with green energy supplier Good Energy for a six-month trial of Piclo, from October 2015 - March 2016. The trial is funded by the Department of Energy of Climate Change and Nominet Trust, and supported by Ofgem, the energy industry regulator.

Product

Our peer-to-peer energy trading process is highly scalable and could become the backbone communication and settlement process for a decentralised smart grid throughout the world. The six-month 2015/2016 trial will provide a blueprint of the peer-to-peer trading process using half-hourly meter data and fixed market prices. Our technology roadmap includes creating a real-time market price that can be used by energy storage and demand-side response systems.



Why we are ecofriendly

Piclo is the UK's first online market for renewable energy. No other solution gives energy customers as much choice, transparency and control. It increases the value of renewables and gives commercial consumers a tool to help reduce their carbon emissions.

Latest News

We are launching our service on the 1st October 2015.

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Version History

2015-09-18 12:41:51 - changed ecopitch to 'Piclo is the UK's first online market for renewable energy. No other solution gives energy customers as much choice,...'

2015-09-18 12:41:41 - changed ecopitch to 'Piclo is the UK's first online market for renewable energy. No other solution gives energy customers more choice,...'

2015-09-18 12:41:15 - changed productpitch to 'Our peer-to-peer energy trading process is highly scalable and could become the backbone communication and settlement...'

2015-09-18 12:40:57 - changed productpitch to 'Our peer-to-peer energy trading process is highly scalable and could become the backbone communication and settlement...'

2015-09-18 12:29:38 - changed people to 'James Johnston - Co-founder and CEO Andy Kilner - Co-founder and CTO Alice Tyler - Co-founder and CDO Nima Taba-tabai...'



Website



Fundraising

£300,000

Capital Raised

£200,000

Grants Raised

£550,000

Employees

9

Investors

Bethnal Green Ventures
Kate Covill
Paul Roberts
Ian Marchant







Country of Origin

United Kingdom

Founded

2013

Twitter


Facebook


Team

James Johnston - Co-founder and CEO
Andy Kilner - Co-founder and CTO
Alice Tyler - Co-founder and CDO
Nima Taba-tabai - Head of Partnerships
Rob Greenoak - Operations
Hayley Hannan - Communications
Victoria Constantine - Design
Adam Kozlowski - Front-end development
Steve Pike - Full-stack development

Contact Person

hello@openutility.com

Headquarter

London