OVO Group revenues topped £1 billion for the first time in 2018, but the energy firm slipped to a loss for the year as its customer base grew.
The Faraday Grid collapsed owing almost £6 million to electronics manufacturing giant Foxconn, as well as hundreds of thousands of pounds to PR agencies, IT vendors, travel agents and software companies.
Kaluza is to follow up its recent manufacturer partnerships with agreements including both network companies and energy suppliers to help benefit consumers.
Good Energy has announced an agreement with Kraken Technologies that will see the clean energy supplier adopt the company’s customer services technology platform.
Energy tech firm Kaluza has unveiled its second energy storage technology partnership, penning a deal with UK energy storage specialist Powervault.
The assets of defunct energy technology company The Faraday Grid are set to be acquired by Third Equation, an entity founded by ex-Faraday Grid chief executive Andrew Scobie, Current± understands.
Samsung, energy supplier Bulb and energy tech firm Chameleon have launched a new tool designed to help consumers make smarter, more energy efficient decisions at home.
Current± talks to Conor Maher-McWilliams, head of flexibility at energy tech firm Kaluza, on what’s needed to tap into consumers’ inherent energy flexibility and how it is taking its technology platform forward.
The Big Six need to get a grip of technological evolutions and must be prepared to collaborate with new partners to do so, or risk getting left behind.