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

'Clearing exercise' separating the renewables infrastructure trust wheat and chaff

'Clearing exercise' separating the renewables infrastructure trust wheat and chaff

Renewables investment firms have faced significant headwinds in recent years, but some of the best performing trusts point to a route forward for the consolidating sector

Michael Nelson, Investment Week
clock 28 August 2026 • 5 min read
'Climate comeback': Private capital for green funds surpasses last year's total

'Climate comeback': Private capital for green funds surpasses last year's total

New data reveals private capital secured by climate-focused funds in the first six months of 2026 has reached $5.5bn, exceeding the total for the entirety of 2025

Stuart Stone
clock 27 August 2026 • 3 min read
BloombergNEF: Global renewables investment fell to $327.5bn in first half of 2026

BloombergNEF: Global renewables investment fell to $327.5bn in first half of 2026

Global investment in large-scale solar, offshore wind and onshore wind dropped during the first of the year following changes to China's policy framework

Michael Holder
clock 27 August 2026 • 3 min read