Smart grid firm Passivsystems seeks £650K from crowdfunding


Smart grid firm Passivsystems is hoping to raise £650,000 via crowdfunding.

The company wants to accelerate deployment of its smart energy management services for utility companies, solar PV asset managers and district heating markets.

The firm’s smart energy services platform optimises the performance of solar PV, home batteries and heating. Passivsystems claims the heating element alone saves households hundreds of pounds per year – and the service is now being bundled by utilities.

The firm counts Western Power Distribution, Wales & West Utilities, Foresight, Eon, EDF Energy, British Gas, Engie and Hitachi as customers and manages some 40,000 solar PV systems.

“The residential energy market has been largely untouched for over 60 years and as the clean power revolution continues to unfold, the wealth creation in the industry will be very significant for companies who enable grid flexibility,” said CEO Colin Calder.

See the Crowdcube pitch here.

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