Upside Energy wins the Rushlight Energy Efficiency Award
Upside Energy won the prestigious Rushlight Energy Efficiency Award at the Rushlight Awards 2015-16 held at the Royal College of Surgeons last night. This is the second time Upside has won the Rushlight Energy Efficiency Award.
The Rushlight Energy Efficiency Award recognises innovations that manage energy use in such a way that less energy needs to be generated. It is designed to identify and celebrate technologies or processes that can be used to enhance the utilisation of already available energy. This provides many benefits – reduced carbon emissions, lower costs, less reliance on dwindling fossil fuel stocks, etc.
For more information about the Rushlights Awards, please visit www.rushlightevents.com
“This is another great win for Upside. Most people know that reducing their energy usage is a good way to reduce both household costs and environmental impact. What they don’t realise is that changing the time at which they use energy can also have a big impact. We’re building a platform to help them profit from these time shifts”.
Graham Oakes, Founder, Upside Energy
Upside pays people to not use energy. At peak times, the grid turns on all its oldest, dirtiest, most expensive power stations. It’d be a lot cheaper and greener to pay people to avoid using energy at these times. Schemes to do this are already available to large Commercial and Industrial energy users. Upside is building a cloud service that aggregates demand from domestic and small business sites and hence enables small energy users to participate in these schemes.
We do that by managing the energy stored in devices such as uninterruptible power supplies, batteries attached to solar PV arrays, electric vehicles, domestic heat pumps and hot water tanks, etc. We use IoT protocols to coordinate the charge and discharge cycles of this storage so as to shift demand from peak to off-‐‐peak times. The payments we open up in this way create a virtuous circle – they increase the value of energy storage, enabling people to buy more storage and thus enabling us to offer more services to the grid, distribution networks and energy suppliers.
The Rushlight Awards are a celebration and a promotion of new technology, innovation and best practice across the whole environment spectrum for organisations throughout UK and Ireland. Designed to highlight innovation and the holistic environmental benefit of technologies that are most likely to or are already creating a stir in the market, they are a means of disseminating the successes to support further development.
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About Upside Energy
Upside Energy was founded in 2013 and was originated for the Nesta Dynamic Demand Challenge.
Upside pays people to not use energy by enabling households and small business sites to participate in schemes for “demand response”, where grid operators and energy suppliers pay people to shift their electricity usage from peak to off-peak times. By coordinating the energy stored in systems people already own e.g. uninterruptible power supplies, solar PV systems, electric vehicles, domestic heating systems, etc. Upside creates a large “virtual energy store” and uses this to balance supply and demand on the grid, thus making it easier to integrate renewable generation.