UK Start-Up Powervault Launches New Home Energy Storage Range

UK Start-Up Powervault Launches New Home Energy Storage Range

UK energy storage start-up Powervault has debuted its new range of home energy storage solutions, which is designed to save consumers thousands on their energy bills.

Based in Southwark, London, Powervault advertises itself as developing the UK’s “first fully integrated solar energy storage system for the home.” The start-up announced on Wednesday the launch of its new range of home energy storage solutions, “equipped for the smart power revolution, a transformation of our energy system forecast to save consumers billions of pounds.”

Their new products automatically store energy when power is cheaper, saving it for use at a later time when energy is more expensive. Powervault’s products are developed with solar photovoltaic systems (PVs) in mind as they enable consumers to store excess energy generated by their solar systems.

 “Our new products will allow customers to seize the opportunities of the smart power revolution,” explained Joe Warren, Powervault’s Managing Director. “Smart tariffs plus storage will allow them to slash their power bills by buying electricity off-peak, and there will also be opportunities to benefit from helping the national grid to store and use more of the solar or wind energy that it generates.”

 Powervault anticipate energy storage to become a mainstay of future domestic life and they see themselves as dominating the market:

 “We expect energy storage systems will soon be of interest to every home in the country and we aim to sell 50,000 units by 2020 and become a household name. Ultimately we believe that a Powervault in the home will be as common as a dishwasher.”

“A Cheaper, Greener Electricity System”

Powervault also announced a million pound investment to fast-track the expansion of its new range funded through the crowdfunding site, Crowdcube. Powervault is currently collaborating with industry giants such as Nissan, Tempus Energy, and Open Energi “to help pioneer a cheaper, greener electricity system which will enable consumers to benefit directly from the smart power revolution.”

“The energy storage industry is currently witnessing a great deal of growth, especially on an industrial scale” said Kenneth Melvin, Head of Energy at Challenge Advisory. “The domestic market is now beginning to wake-up to the cost benefits of storing energy and Powervault are one of the first companies to develop products for domestic use. Expect many more companies to tap into this promising and flourishing industry over the next few years.”

Latest News :

Friday, April 15 | 2016

IIoT

Investors Tap Into
Canada’s IIoT Potential

>
news

IIoT

Investors tap-in to Canada’s IIoT potential

Investment in Canada’s burgeoning IoT market is being fuelled by the downturn in energy prices and oil demand. However, if Canada is to realize the full potential of industrial IoT it will have to navigate the double-edged sword of a weak dollar environment.

Friday, April 15 | 2016


<

Thursday, April 14 | 2016

PRESS RELEASE

Challenge Advisory Acquire
Sinclair Fox

>
news

PRESS RELEASE

Challenge Advisory Acquire Sinclair Fox

Challenge Advisory today has announced the acquisition of Sinclair & Fox, an award-winning provider of global executive search solutions. A privately held company founded in London, Sinclair & Fox has established itself as a leading operator within the Factory Automation sector and is one of the pioneers on the Internet of Things, making them vital allies in the Fourth Industrial Revolution.

Thursday, April 14 | 2016


<

Wednesday April 13 | 2016

Health

Obama Announces
Precision Medicine Initiative

>
news

Health

Obama Announces PMI

President Barack Obama sketched out an ambitious vision of medical research Thursday powered by a vast pool of research volunteers, a growing understanding of the human genome, big data and unlikely collaborators willing to work together to achieve new medical breakthroughs.

Wednesday April 13 | 2016


<

Wednesday May 18 | 2016

Agriculture

MAPA Partner With
Challenge Advisory

>
news

Agriculture

MAPA Partner With Challenge Advisory

Brazil's Ministry of Agriculture and Supply today pledged to improving the global agricultural landscape by collaborating with Challenge Advisory on Sustainable Intensification 2016, which brings together key delegations in Brazilian agriculture for effective problem-solving throughout the agriculture sector.

Wednesday May 18 | 2016


<