Upside Energy Ltd

clock • 1 min read

For the grid to remain stable, supply and demand for electricity must be kept in balance. National Grid currently spends £850m p.a. on services to maintain this balance, many of them delivered by operating traditional fossil fuel generation at reduced capacity. This is inefficient, and both expensive and responsible for significant greenhouse gas emissions. Providing such services from demand side, e.g. reducing demand at peak times, would result in a cheaper and less polluting solution.

Upside Energy has developed an innovative cloud service that coordinates energy stored in uninterruptible power supplies, solar PV systems, electric vehicles, domestic heating systems, etc. This creates a 'Virtual Energy Store' (VES) that enables us to sell a range of balancing services to grid and distribution network operators and energy suppliers, starting with frequency regulation services to National Grid. We then redistribute 75 per cent of our revenue back to the original equipment owners: households and small businesses.

We have also developed an open innovation model that will allow us to gain exclusive licences on a large portfolio of algorithms developed by our partner universities.

More on Investment

FCA moves to simplify UK climate risk reporting for investment funds

FCA moves to simplify UK climate risk reporting for investment funds

UK's Financial Conduct Authority launches consultation over changes to climate risk reporting rules it estimates could save the investment management sector £20m a year

Robin Amos, Investment Week
clock 05 June 2026 • 2 min read
Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Pension fund manager cites 'limited transparency' around Nestlé's climate plans among several concerns as it revealed it divested its entire holding in the Swiss firm in late 2025

Holly Roach, Professional Pensions
clock 05 June 2026 • 2 min read
BSI launches net zero transition planning framework for banks and financial institutions

BSI launches net zero transition planning framework for banks and financial institutions

ISO 32212 to provides banks, insurers, asset managers, and asset owners with guidance on how to translate climate ambition into action

Stuart Stone
clock 04 June 2026 • 3 min read