10 years ago

Limejump Raises £1.4 Million to Transform U.K. Energy Market with Big Data

  • Limejump, a U.K.-based startup using big data and cloud solutions to transform the energy market, has raised £1.4 million in a seed extension round

  • The funding, from Angel CoFund, JamJar Investments, and Passion Capital, will be used for R&D, product and technology development, and customer acquisition

  • Limejump’s technology helps businesses and generators participate in the National Grid’s demand response programmes, allowing them to earn additional revenue by adjusting their energy usage during peak times

  • The company’s customers include NWF Agriculture and Planet Ice & Silver Blades Ice Rinks, both of which are energy-intensive businesses.

      • ProblemTechnology Infrastructure

      "The UK energy market is inefficient. Businesses with high energy needs and small-scale distributed generators struggle to participate in demand response programmes, missing out on opportunities to earn additional revenue by adjusting their energy usage."

      Solution

      "Limejump provides a platform that connects these businesses and generators to the National Grid's demand response programmes. Their software and technology allow for near real-time adjustment of energy consumption and production, helping to balance supply and demand on the grid."

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