OVO’s proprietary platform VCharge wins Clean Energy System Disruptor at Green Energy Awards
28 November 2018
VCharge was last night recognised for its unique proposition by winning the award for Clean Energy System Disruptor’ at Regen’s Green Energy Awards held in Bath.
Bath, 28 November 2018 - VCharge was last night recognised for its unique proposition by winning the award for Clean Energy System Disruptor at Regen’s Green Energy Awards held in Bath.
The Green Energy Awards celebrate the exciting projects and great companies, communities and individuals driving the smart and sustainable energy revolution across the UK. The Clean Energy System Disruptor category recognised VCharge for offering a new service to drive the transition to a smart, decentralised and clean energy system.
VCharge is OVO’s proprietary platform and the first system of its kind. VCharge is a highly scalable, intelligent technology platform that captures the value of flexibility present in domestic assets of different types. VCharge remotely connects distributed flexible electrical devices (electric vehicles, home batteries, storage heaters) and uses a range of market, device and customer preferences to determine the most appropriate actions to maximise value. VCharge provides the intelligence and control necessary to symbiotically react to changes in demand and supply, enabling our transition to a cheaper and low carbon energy system.
Yoann Martin, Head of Engineering & Product said: “We’re thrilled to win the award for Clean Energy System Disruptor and incredibly proud of the VCharge team for their hard work. The award builds on our ambition to build the distributed energy system of the future and use technology to help bring more renewable energy on to energy grids around the world.”
For media enquiries please contact:
OVO is the UK’s largest independent energy technology company and supplier. Across the group, OVO serves more than 1.1 million customers with intelligent energy services and other home services. Founded in 2009 by Stephen Fitzpatrick, OVO redesigned the energy experience to be fairer, greener and simpler for all. Today OVO is no longer simply an energy retail business: it is group of innovative, dynamic companies, all striving to harness technological advances with great consumer propositions to deliver affordable, clean energy to everyone.
VCharge is an energy technology company working to solve the problem of renewables intermittency in order to accelerate the transition to a zero carbon future acquired by OVO in 2016. VCharge has developed a groundbreaking technology solution that uses advanced algorithms to balance grid requirements with individual user requirements, through remote control of energy storage devices.
The first application of VCharge’s pioneering VNet system has focused on controlling electric heating to better manage resident comfort and to reduce energy bills, while simultaneously supporting the widespread adoption of renewable energy by providing valuable grid balancing services.