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Technology

Power Transition

Status: Active

May 11th 2020 - Jun 20th 2020

Power Transition (PT) is a specialist cloud-based software & hardware platform that enables every participant in the energy sector to dynamically track, optimise and balance their energy in real-time and at any scale, from micro-grids to national grids. It is currently focusing on the UK residential & commercial market that consists of 1.25 million meter readings daily, focussing on £1.5 billion of customers’ funds annually, and ensuring steady and reliable management of interconnections throughout the UK. In 2018, the company raised seed funding, matched by Innovate UK, which in turn is being used, to develop and deploy its technology in 47 homes in Corby. The company is implementing its PT integrated microgrid as a 'Service Platform' in houses in Corby using its Distributed Ledger Technology (DLT) Network. With the investment, the company plans to roll out its platform beyond the microgrid use case and is talking to commercial estates, local authorities, Distributed Network Operators (DNO), energy aggregators, and producers.

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Power Transition Rating Review

Pitch rating powered by CROWDRATING

Rated on 27/05/2020

Pitch Rated

81%

Gold

Management

90%

Product

75%

Investment

77%

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    Log in to view target

    £2,800,000
    pre-money valuation

    2.61%
    equity available

    588
    investors

    £453
    pledge per investor

    11384234
    company number

    Active
    company status

    26/05/2018
    incorporated 6 years

    Previous Funding rounds
    13 May 24 Crowdcube £266,530 / 355% 80.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 90%

Skills 91%
Power Transition has a skilled and diverse team in place covering the roles of operations, marketing, and software development. The CEO is a passionate eco-entrepreneur with a successful track record in cleantech business ventures. He is skilled in Renewable energy, Energy, project planning, biomass, carbon management, alternative energy and cleantech. He has several industry awards, including the International Energy research centre award for renewable energy innovation. The CTO is an experienced software designer, architect, and developer of DApps and databases on DTL network platforms. He is skilled in cloud computing, risk management, SaaS, business intelligence, IT strategy, customer relationship management and sustainable development. The COO is the social entrepreneur, start-up advisor and developer in clean energy, and blockchain sectors. He is specialised in energy audits, feasibility studies, energy efficiency, stakeholder engagement, BREEAM, sustainable architecture, and sustainable consulting. He has won several awards by now that includes URS Pyramid Award, Top 50 Building Magazine, and Sustainable Leaders Awards from Edie.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £2,800,000
    pre-money valuation

    2.61%
    equity available

    588
    investors

    £453
    pledge per investor

    11384234
    company number

    Active
    company status

    26/05/2018
    incorporated 6 years

    Previous Funding rounds
    13 May 24 Crowdcube £266,530 / 355% 80.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Times
  • The Daily Telegraph