Powervault
Aims to disrupt the energy storage market by supplying the first plug and play energy storage device.
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* | £3.8m | Early VC | |
| Total Funding | 000k | ||
Powervault, headquartered in London, is a pioneering British company specializing in the development and manufacturing of smart energy storage systems for residential use. The company offers the UK's first fully integrated solar energy storage solution, which allows homeowners to store renewable energy generated by their solar panels during the day and use it in the evening when energy demand is highest. This innovative approach helps customers reduce their electricity bills, increase energy efficiency, and take a significant step towards energy independence.
Powervault primarily serves homeowners who have installed solar panels and are looking to maximize their use of self-generated electricity. By storing excess solar energy and cheap electricity from the grid, Powervault's systems enable users to minimize their reliance on traditional energy sources, particularly coal-fired power plants, thereby contributing to a reduction in carbon emissions.
Operating in the green technology market, Powervault's business model revolves around the sale and installation of its energy storage systems. The company generates revenue through direct sales to consumers, partnerships with solar panel installers, and possibly through future service offerings related to energy management and optimization.
Powervault's mission is to provide cost-effective and practical energy storage solutions that help customers lower their electricity bills, enhance their energy security, and reduce their carbon footprint. The company has received several accolades for its innovative products, including the Green Technology Awards 2015 for Innovation and the edie Sustainability Leaders Awards 2020 for Product Innovation of the Year.
In summary, Powervault is a leader in the residential energy storage market, offering smart solutions that promote energy independence and sustainability.
Keywords: energy storage, solar energy, renewable energy, home energy, cost-effective, energy efficiency, carbon footprint, green technology, energy independence, UK.