As part of the National Grid's Power Responsive list of providers, Pearlstone contributes to the UK's NetZero50 target by helping to balance energy supply and demand. Early adopters Honeywell & 3M have saved more than £20,000 and 15,000kg of CO2 emissions with ZERO upfront investment using Pearlstone's solution.
The demand for electricity from National Grid has always been volatile. On average, the demand on a winters day can be 35-40% more than on a summers day. The situation is only expected to worsen. In less than a year National Grid has paid £1bn to generators to produce less electricity when there has been a surplus but in October, for example, also warned that electricity could be in short supply due to low wind speeds and unplanned outages. National grid also pays some large consumers to reduce their use of electricity when there are demand spikes. This income, though, can only be accessed through National Grid approved aggregators like Pearlstone.
We install our digital hardware on customers sites & then connect this to our proprietary software solution in the cloud to allow for the integrated communication between the Grid & its consumers. We founded Pearlstone Energy in 2015 & since then have:
- Installed in 3 sites & multiple conversations with interested parties.
- Eliminated dependence upon a branded technology platform by creating our own proprietary software solution in 2020 with enhanced functionality
- Featured on the National Grid's Power Responsive list of providers
- Moved from an R&D focus to generating >£20k revenue (P&L -£211k) in 2020
Our vision is to democratise responsible electricity consumption & give many more the opportunity to contribute to grid flexibility.