113%

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.

  • We estimate the potential to save 38,000 tonnes CO2 a year by 2025 if implemented
  • Results have shown that we can monetise up to 20% of a customers peak demand at no cost to them
  • Estimated £2bn pa grid balancing market by 2030 and growing
  • Tech allows multi sites eg. universities to access new income
Information £36,506 of funds on the progress bar represent funds raised by the Company prior to launching the campaign. The Company has already received these funds, and the Company has indicated that these funds may be spent whilst the pitch is live. Completion of the Crowdcube raise will occur on the same material terms and share price.

Idea

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.

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Risk warning

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Pearlstone Energy Limited has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.