The startup on a mission to transform the energy system
by Startacus Admin
Upside Energy - The Manchester based startup that's creating innovative digital solutions that support the energy management systems of the future
It’s not exactly a secret that relying on fossil fuels is a short-sighted, finite solution to energy production. Renewable energy is on the rise and becoming more powerful. Soon, we will live in a world where homes and businesses all contribute to a cleaner energy system. Not long after that, hopefully, we will have an entirely clean and green energy grid, although we are admittedly still quite a way off. Manchester-based Upside Energy wants to help bring an end to this reliance and usher in a new era. Upside is a cloud-based platform that can connect with a multitude of devices across commercial, industrial, and domestic sites, including battery storage systems, electric vehicle charge points, UPS, and heating and cooling systems.
It can support over 100,000 devices running in parallel. Using advanced algorithms and artificial intelligence to match energy demand with the available supply, it helps the electricity grid deal with fluctuations and times of peak usage. Customers benefit from a significant reduction in both energy costs and carbon emissions.
Because the platform works in the cloud, in real-time, Upside can respond rapidly to market signals and deploy new solutions as the energy system evolves. That means they can give customers immediate visibility of their energy usage and device performance, identifying opportunities as they emerge.
Upside Energy has been doing well since its creation in 2013 for the Nesta Dynamic Demand Challenge. Not only did it almost immediately start receiving funding for pilot projects, but it has been winning awards and recognition left, right, and centre. These include reaching the EDF Blue Lab final, being named national winner of the Shell Springboard programme in 2017, and winning the 2018 Ashden Award for Energy Innovation. So, in other words, it’s all upside for this startup!
For other startups in the energy sector or with products and services that can be applied to it, have a look at our article about IlluminationLAB, a bootcamp, energy summit, and 10-week proof of concept program to co-create innovative energy products and services.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Revive was created to bring new life to coffee waste, collecting and recycling used coffee grounds to create a palm oil alternative!
Chilled beers, wines and spirits delivered in one hour, thanks to JUST EAT for chilled drinks, Edinburgh-based startup Drinkly.
Bubblebum has had its flagship product named as one of the Most Innovative and Most Attractive at the Child Baby & Maternity Expo in China.
Influencer marketing remains largely unchartered territory for many businesses, so here are some tips for getting it right on the first go.
Step forward Raise Accelerator, Northern Ireland's first privately-run startup accelerator. We chatted to three founders from their first cohort.
Rich Maaghul, CEO of ODEM.io explores the future of education and how disruption will transform the way that we learn...
The app that helps you achieve your goal body with easy to follow workouts for the gym or home.
The London based startup that has safer home care provision as its mission
The ethical rewards app Koin Rewards, reimagining loyalty through responsible shopping and tokenisation.
Lessons from Goldilocks and the three bears and why in a competitive market place just-right doesn’t go far enough
Published on: 18th March 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IAG’s Hangar 51 takes flight with latest innovation programme 31st Jul 2019 The latest Hangar 51 innovation programme is on the hunt for tech startups with a broad range of aviation industry solutions.
- 10 FMCG startups selected for first Seedrs accelerator 24th Jul 2019 10 FMCG startups selected for the 1st Seedrs FMCG accelerator, which aims to help FMCG startups raise capital on the platform
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
