Powervault

• 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.

---

---