Invest in Powervault
Powervault is leading the way in the development of an exciting new mass-market smart energy storage product, offering the most practical and affordable system to the U.K. market.
Powervault’s mission is to help customers in the U.K. cut energy costs, increase energy security and reduce carbon emissions. Working alongside a range of partners, including large utility companies, UK Power Networks, Nissan and Renault, Powervault plans to help pioneer a cheaper, greener way to store and use electricity in the UK. These partnerships are helping consumers gain access to cheaper, off-peak electricity rates, and enabling them to receive payments for smart grid based services.
The emerging home energy storage market is being driven by key trends:
- Rapid growth of solar panels subsidised by Feed-in tariffs. There are already 900,000 on domestic roofs and the figure is expected to reach 1 million by the end of February 2016, which is when the UK Government’s Feed-in tariff will be cut by 65%.
- Rapid fall in the price of batteries. The cost of Lithium-ion batteries has halved in a year and, according to Deutsche Bank, is likely to fall by 20%-30% a year up to 2020 (1).
- Rising electricity prices; up 41% from 2007 to 2013 (2).
- Roll-out of smart meters, which will unlock ‘smart’ time-of-use tariffs.
The Government says that energy storage is a game-changing technology, which could save the UK £8bn/year as part of a “smart power revolution”.
Powervault was founded in 2012 by Sustainable Venture Development Partners and continues to receive its support. Powervault has won several awards and received over £285,000 in grant and prize funding from organisations including Royal Bank of Scotland, Nesta, InnovateUK, EDF Energy and ClimateKIC. To date, Powervault has raised £5.2m in equity investment.
If you are interested in supporting our mission and becoming a Powervault investor please fill in the form, below.
Powervault works with a number of partners as we strive to achieve our vision of increasing decentralised energy. Our partners contribute in a variety of ways from testing and refining of individual parts to aesthetic designs and UX streamlining.
Powervault aims to work in partnership with its suppliers to deliver great value, high quality, electricity storage products. We work with suppliers of different battery chemistries, metal work, cabling, PCBs and inverter/chargers. We always welcome new suppliers who think that they can help us to achieve our business aims. If you are interested to be a Powervault supplier please see Powervault’s Purchasing Conditions and contact us at: firstname.lastname@example.org.