2 years ago

Equiviwatt Secures £300,000 Funding to Scale User Acquisition

  • Equiviwatt, a Gateshead-based energy management company, has raised £300,000 in funding from the North East Venture Fund

  • The company plans to use the funds to scale up its user acquisition and technology platform to create a virtual power plant.

      • ProblemEnergy

      "making it difficult for households to reduce their energy consumption during periods of peak demand"

      Solution

      "a mobile app that connects to smart meters and smart plugs, alerting consumers to reduce the energy used by appliances and EV charging during periods of peak demand, and rewarding them with points to redeem as shopping vouchers or charity donations"

      Covered on