The platform for energy flexibility and demand response
Elyos Energy helps companies save cost and reduce carbon emissions by shifting electricity consumption outside of peak demand. We connect to smart thermostats, HVAC systems, batteries and EV chargers to automatically lower consumption during peak times. Electrification is at the core of the UK’s net zero strategy. However, with the increase of renewable energy as a mix of the electricity supply, comes an intermittent and more volatile balance between supply and demand. With the mass adoption of EVs, the increasingly urgent demand for air conditioning and electrification of heat, overall electricity demand is outpacing the transformation of the grid. Elyos Energy is helping to solve the problem of supply and demand with energy flexibility at scale, starting with the 1.6 million commercial buildings in the UK. Our SaaS platform enables large commercial buildings to leverage their distributed energy resources (smart thermostats, HVAC systems, solar, battery) to reduce strain on the grid at hours of peak demand and lower their energy costs. We connect to a range of APIs from smart thermostats, HVAC systems, solar, battery etc. to automate measures of energy consumption reduction and opt-in to national grid demand response events where customers can earn money for energy reduction. By shifting 10% of peak time consumption, we save companies 15% on their electricity bill and reduce their CO2 emissions by 7%. Elyos Energy is leveraging energy flexibility, at mass-market scale to enable electrification of the energy system.
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Active Founders
Adrian Johnston
Second-time founder. My first business (Una Brands) got to $70m ARR and raised $100m in funding. Masters in Public Administration (MPA) from Harvard with a specialism in Climate change and the energy transition. 4 years as a consultant at Boston Consulting Group (BCG) in the Energy Practice, focusing on renewable energy
Philippa Brown
Previously Head of Group Strategy at OVO Energy, the largest renewable energy company ($2b revenue) in the UK. Prior to that worked for four years at Rolls-Royce in the Head Office as an operations consultant. MBA from INSEAD focused on financing the energy transition.
Panos Stravopodis
Co-founder and CTO at Elyos Energy. Ex VP Engineering (Zoa, Bulb) with more than 10 years of experience in leading big engineering organisations(100+ engineers) in FinTech, MarTech and Climate Tech. Experienced in building great B2B Enterprise SaaS products and finding PMF. Determined to accelerate the transition to a net zero world. BSc + MSc Computer Engineering, MSc Software Engineering, ML PhD Candidate in Machine Learning.
Company Launches
Hi! We’re Adrian, Pip and Panos - a team of specialists in the energy sector.
Our mission is to accelerate the transition to net zero by building a flexible and robust energy system. 🌍
TL;DR:
We connect to smart thermostats, EVs, HVAC systems, solar, and batteries in large commercial properties to optimise consumption and automate participation in demand response energy markets.
Our platform allows customers to manage real-time energy use across all their commercial sites, by leveraging APIs from a range of connected devices. We optimise these devices to reduce energy consumption and have an opt-in to national grid demand response (DR) events where customers can earn money for energy reduction.
Problem:
Electrification is at the core of the UK’s net zero strategy. However, with the growth of renewable energy being pumped into the grid comes an intermittent and more volatile balance between supply and demand. This is causing big problems. Some new solar and wind sites are waiting up to 10 to 15 years to be connected because of a lack of capacity in the grid.
With the mass adoption of EVs, the increasingly urgent demand for air conditioning and the electrification of heat, overall electricity demand is outpacing the transformation of the grid
Upgrading the grid could take 20 years, and this is time we just don’t have. ⏱️
Solution:
We leverage energy flexibility, at mass-market scale ⚡
- Energy flexibility matches consumption patterns with supply of renewables on the grid, enabling the full electrification we need.
- With c.1.6m commercial buildings in the UK and a combined energy use of 141TwH, about a third of all UK’s total annual electricity consumption, businesses are the obvious place for us to start
- We integrate all DERs (distributed energy resources) across all sites into one place through a range of APIs
- DERs are local, small-scale connected devices that either generate, consume or store electricity. They include solar panels, batteries, HVACs, EV chargers etc. These resources provide localized energy flexibility
- Our platform allows our customers to take control of their energy consumption and automates schedules to optimise these devices, reducing consumptions at times of peak strain on the grid
- Customers can choose to engage in demand response markets, where rather than just saving money on cheaper electricity prices, they can proactively opt-in to events to get paid to reduce consumption
The Team:
From left to right:
⛳ Adrian, our CEO and second time founder. Ex Goldman Sachs, ex BCG and ex Una Brands, Adrian keeps us on track. Adrian wants a revolution in green energy.
🦸 Pip, our COO. Pip is focused on all things customer and operations, making sure what we’re building is what our customers want. OVO Energy, ex Rolls-Royce, she’s passionate about equity in the energy sector.
⚡ Panos, our CTO and energy wizz. VP Engineering at Zoa, ex Bulb, ex Funding Circle, Panos is all about using tech to disrupt archaic industries.
Ask:
We appreciate any warm introductions specifically to those with contacts in commercial sites in the UK! 🙏
Please let us know at founders@elyosenergy.com.
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