Powervault

United Kingdom - London, London

• 01/03/2023
• Unknown
• $4,587,000

At Powervault, we are on a mission to pioneer a sustainable energy future. We provide the most intelligent, economic and sustainable energy storage systems for homes and businesses. Our products store solar energy and affordable electricity from the grid, helping save you money while you help protect the environment. We design and manufacture Powervault here in the UK.

In its initial market application the product stores ‘free’ electricity generated by solar panels during the day, then releases the stored energy during the evening when household demand peaks, delivering a 50% reduction on electricity bills. The initial addressable UK market of 1m solar PV owners is about to expand rapidly as regulation drives the roll out of smart meters enabling ‘smart tariffs’. This will allow any of the 26m UK homes to benefit from storing electricity when it is cheap to use at expensive ‘peak’ times.

Related People

Mark AnsellFounder

United Kingdom - Greater Exeter Area

An entrepreneurial business leader with an engineering background who over 17 years created a very successful valve manufacturing SME through acquisition and organic growth. With strong communication and financial skills and the ability to identify the key commercial dynamics in a business, I have significant experience of managing fast-changing business situations. I have broadened my experience through being a non-executive director of an investment trust and am now helping to develop other businesses, either as a non-executive director or chairman.

LinkedIn https://www.linkedin.com/in/mark-ansell-15439465/