An innovative energy start-up has raised £5.5 million in a Series A funding round, marking a significant milestone in their mission to revolutionise the energy sector.
With its roots in the Salford Innovation Forum, this start-up is harnessing advanced technology to foster a more sustainable and equitable energy system.
The Salford-based company has developed a cutting-edge cloud platform, integrating advanced algorithms and artificial intelligence. These technologies are pivotal in managing connected devices, enabling flexibility in energy systems. After three years of rigorous development and testing, collaborating with the UK government, universities, and global manufacturers, the platform is now ready for commercialisation.
As part of these collaborations, the company aims to scale operations significantly. This expansion is essential to meeting the growing demands for sustainable energy solutions and aligns with global trends towards greener power sources.
Legal & General Capital’s head of clean energy expressed excitement in supporting essential technologies. These innovations are crucial for creating sustainable, affordable energy systems in the UK.
The ability to allow faster response times and facilitate inter-utility trading is a significant advantage. It positions the company as a leader in energy innovation.
Looking ahead, the company plans to leverage this financial boost to enhance their infrastructure and widen their market reach, ensuring long-term sustainability.
The focus remains on innovation and collaboration, which are fundamental in maintaining momentum and achieving further breakthroughs.
This strategic funding marks a transformative step for the start-up, enabling them to scale their operations and enhance their technological offerings.
The significant investment underscores the confidence in this start-up’s vision for a sustainable energy future, highlighting their potential to lead in energy innovation.
With robust backing and strategic partnerships, they are set to make a substantial impact in the energy sector, promoting cleaner, more efficient energy systems.
