Electricity demand response software
KiWi Power uses sophisticated demand response technology to reduce the strain on the National Grid, by remotely turning off non-critical systems in major facilities at hours of peak demand – saving both money and carbon.
During times of high electricity demand, the National Grid currently turns to inefficient, carbon-intensive energy sources to make up the shortfall. Alongside increasing CO2 emissions, this drives up costs for consumers and wholesale suppliers.
London-based 2013 regional winner KiWi Power aims to reduce this need with its Demand Response system, acting as a virtual power station the grid can turn to during peak hours. Registered businesses and energy-intensive premises receive real-time alerts from the company’s energy management dashboard, turning off non-critical systems to reduce the strain on supply.
Alongside environmentally friendly credentials, participation is commercially valuable to the business. It is cheaper for the grid to incentivise such behaviour than it is to power up outdated plants, and this revenue is channelled to KiWi Power customers – a typical business can expect net benefits to the tune of around £50,000.
KiWi Power’s CEO Yoav Zinger said that the company has built on the “recognition of the Shell Springboard award to expand our product offering and help companies become more efficient, reduce their energy bills, and move the UK towards a low-carbon future.”
Approx 20-25 employees